BridgeBio has tapped investors for up to $1.25 billion as it prepares to commercialize its heart pill and get some breathing room to continue running multiple clinical trials across cardiorenal, oncology and other disease areas.
The financing haul arrives a month after BridgeBio
submitted
acoramidis for FDA approval and nearly four months after it inked a
$250 million private placement
.
Analysts and industry insiders
have been
waiting to see what kind of transaction the Palo Alto biotech would make after it announced its Phase III
cardio drug success
last year, which came after a
long odyssey
for the company and ended up being one of the industry’s
standout moments in 2023
.