BridgeBio: Next Chapter Begins After Attruby Approval
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BridgeBio has received FDA approval for Attruby (acoramidis) to treat ATTR-CM, triggering a $500 million milestone payment and removing regulatory and funding concerns.
November 24, 2024 | 9:00 pm
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BridgeBio's FDA approval for Attruby (acoramidis) for ATTR-CM treatment triggers a $500 million milestone payment and alleviates regulatory and funding concerns.
The FDA approval of Attruby is a significant milestone for BridgeBio, as it not only validates the drug's efficacy and safety but also triggers a substantial $500 million payment. This approval removes previous regulatory and funding uncertainties, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100