🇺🇸 SECBridgebio Pharma Inc.Codex · 实盘不做把握 5/10不做原因:风险收益比不佳
北京时间·🕒 发布 03:54:51·⟳ 抓取 03:55:31 +40s·⚡ 决策 09-01 03:59:51 +4m20s·56.7 天前
BridgeBio与美国政府签署药价与医保准入自愿协议
这是公司一手披露且新鲜,但协议同时包含扩大Medicaid准入和药价让利,具体经济条款保密,无法证明短线正期望;缺少真实行情也不能生成ENTER订单。
📄 原文Bridgebio Pharma Inc.↗ 原文
----- ef20081330_8k.htm ----- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT…
不做 BridgeBio Pharma, Inc.(BBIO.US)
不做:协议正负混合且条款保密,无法量化Attruby净价与Medicaid销量的净影响;本轮未取得真实可用行情,不能给ENTER入场价。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
BridgeBio与美国政府签署药价/准入协议,白宫确认其属于九家新增MFN药价协议制造商之一。对BridgeBio而言,利好是Medicaid准入扩大和未来定价强制不确定性下降;利空是现有药和未来非孤儿适应症可能存在MFN/折扣约束。Attruby是公司主要收入来源,二季度美国净产品收入为2.224亿美元,但本协议未披露净价、覆盖人群和销量弹性,难以估算收入或利润增量。相似MFN协议历史研究显示市场通常未视为重大价值毁灭,但个股影响依赖条款和基数,因此本轮信息不足以开新仓。
消息传播链
- 公司一手披露与美国政府达成自愿协议,扩大Attruby Medicaid准入,并称具体条款保密。
- 白宫确认BridgeBio属于九家新增药企协议之一,协议提供Medicaid MFN价格并覆盖新创新药定价承诺。
- 媒体将本次协议放在特朗普政府扩大药价折扣和MFN政策框架下报道,说明事件具备市场级传播。
关键理由
- 协议可能降低BridgeBio未来药价监管和强制定价不确定性,并扩大Attruby在Medicaid中的可及性。
- 量级上,Attruby二季度美国净产品收入为2.224亿美元,是公司当前核心商业化资产;但协议未披露净价折扣、Medicaid增量患者数或净销量弹性,无法估算新增收入/利润或相对市值影响。
- 白宫文件显示本轮九家公司协议属于更广泛MFN框架,历史研究称类似协议未被市场普遍解读为价值毁灭。
主要风险
- 协议具体条款保密,若实际MFN折扣压低Attruby净价且销量增量不足抵消,可能削弱核心产品收入质量。
- BBIO此前一个月已从80美元上方回落至8月28日收盘76.60美元附近,但没有实时盘中报价,无法判断事件后是否已被重定价。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-31 · 影响 weakens
白宫确认协议提供Medicaid MFN价格,公司披露具体条款保密,净价压力无法排除。
检索:BridgeBio Attruby MFN Medicaid pricing mandate confidential terms risk 原文 ↗ - 做空前查反向 · 来源 web · 日期 2026-07 · 影响 weakens
历史事件研究显示类似MFN协议未被投资者普遍视为价值毁灭,削弱直接做空逻辑。
检索:MFN drug pricing agreements stock market not value destructive Medicaid TrumpRx 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例把事件从直接利空修正为正负混合,但不足以支持在保密条款和无实时价下开仓。
方向:低到中相似先例倾向于说明MFN协议不必然是药企利空,甚至可能缓解监管不确定性。
涨幅量级:没有3条以上高相似、同市场、同商业阶段的BBIO级别先例,不能用先例校准涨幅。
形态:未发现足够样本证明这类协议稳定见光死或稳定上涨。
历史先例(按相似度)
- 相似度 6/10 PFE 2025-10-01 Axios称辉瑞与特朗普政府药价协议后股价上涨6.8%,因不确定性缓解。 原文 ↗
事件后 +1日 +6.8% · +2日 +6.3% · +3日 +7.4% · +4日 +3.7% · +5日 +3.1%
相似度依据:同为美国政府MFN药价自愿协议,但辉瑞为大型药企,产品组合和专利周期与BridgeBio差异较大。
经验:市场可能把药价协议理解为监管和关税不确定性缓解,而非单纯药价利空。 - 相似度 5/10 N/A 2026-07-01 Health Affairs Scholar事件研究称MFN协议未被投资者解读为重大价值毁灭。 原文 ↗
测16家药企MFN相关公告后的市场反应
相似度依据:研究对象为16家MFN协议药企的组合反应,机制相近但不是BridgeBio个股。
经验:MFN协议历史样本未显示市场普遍按价值毁灭定价,但个股条款差异仍关键。
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原文全文
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----- ef20081330_8k.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 31, 2026 (
August 31, 2026
)
BridgeBio Pharma, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-38959
84-1850815
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
421 Kipling Street
Palo Alto
,
CA
94301
(Address of principal executive offices)
(Zip Code)
(
650
)
391-9740
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common stock
BBIO
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.
Other Events.
On August 31, 2026, BridgeBio Pharma, Inc. (the “Company”) issued a press release titled, “BridgeBio Announces Agreement with U.S. Government to Improve Affordability and
Access to Critical Medicines for Americans.” A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The Company expects its pricing commitment for its future medicines under its agreement with the U.S. government to exclude medicines approved exclusively for orphan
indications.
Forward-Looking Statements
This Current Report on Form 8-K and certain of the materials filed herewith contain forward-looking statements. Such statements may include statements that are not
historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which
are usually identified by the use of words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar
expressions. The Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.
These forward-looking statements include statements regarding the anticipated implementation, scope and effects of the Company’s agreement with the U.S. government,
including the Company’s plans to expand Medicaid access to Attruby
TM
through the GENEROUS Model; the Company’s expectation that it will not be subject to future pricing mandates; the Company’s expectations regarding the scope of the
pricing commitments under its agreement with the U.S. government; and the anticipated impact of the agreement on patient access, affordability and the Company’s ability to continue developing and providing medicines for rare genetic diseases.
Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the
Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a
number of risks, uncertainties and assumptions, including, but not limited to, the risk that the agreement may be implemented, interpreted or applied differently than the Company currently expects; that federal or state laws, regulations, policies,
reimbursement frameworks or government pricing programs may change or be implemented in a manner that adversely affects the Company or its products; that the Company may become subject to additional pricing mandates, requirements or restrictions
notwithstanding its current expectations; that the scope or application of the Company’s pricing commitments, including the exclusion for medicines approved exclusively for orphan indications, may differ from the Company’s current expectations;
that the agreement may not result in the anticipated improvements in access, affordability or other expected benefits; that the agreement or future changes in government pricing or reimbursement policies may adversely affect the Company’s business,
results of operations or ability to continue investing in the development and commercialization of medicines for rare genetic diseases; the impacts of current macroeconomic and geopolitical events, including changing conditions from hostilities in
Ukraine and in Israel and the Middle East, increasing rates of inflation and changing interest rates, on business operations and expectations, as well as those risks set forth in the Risk Factors section of the Company’s most recent Quarterly
Report on Form 10-Q and Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit
No.
Description
99.1
Press release titled, “BridgeBio Announces Agreement with U.S. Government to Improve Affordability and Access to Critical Medicines for Americans.”
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
BridgeBio Pharma, Inc.
Date: August 31, 2026
/s/ Thomas Trimarchi
Thomas Trimarchi
President and Chief Financial Officer
----- ef20081330_ex99-1.htm -----
EX-99.1
2
ef20081330_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
BridgeBio Announces Agreement with U.S. Government to Improve Affordability and Access to Critical Medicines for Americans
- This
voluntary agreement expands access for Medicaid patients to
BridgeBio’s
currently marketed medicine
and lowers drug costs for Americans without jeopardizing innovation and sustainability in rare diseases
- BridgeBio will continue to offer Attruby via Medicare Part D without any future pricing mandates
- The agreement has no impact on ForgingBridges®, a copay assistance program that helps reduce out-of-pocket costs to as little as $0 per month for
qualifying patients
PALO ALTO, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) —
BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, today announced that it has entered into a voluntary
agreement with the U.S. government to expand access to its medicines and lower costs for American patients. Neil Kumar, Ph.D., Co-Founder and CEO of BridgeBio, joined President Donald J. Trump and members of his Administration at the White
House to discuss the new agreement, which improves access to treatments for rare genetic diseases without jeopardizing innovation or sustained investment.
Millions of people worldwide live with rare genetic conditions that have no approved treatment options because developing medicines for rare diseases has never been
commercially straightforward. Today’s agreement with the Administration is intended to ensure that BridgeBio will be able to continue bringing medicines to people living with rare genetic diseases. As part of the agreement, BridgeBio will expand
state Medicaid access to its currently marketed medicine via the GENEROUS Model.
This builds on the Company’s existing patient access work, including ForgingBridges, BridgeBio’s patient support program, which provides reimbursement navigation and
financial assistance to qualifying patients, potentially minimizing out-of-pocket costs to as little as $0 per month.
BridgeBio does not expect to be subject to future pricing mandates. The specific terms of the agreement remain confidential.
“As an American biotech, it’s a privilege to be working alongside the Administration to ensure the broadest possible access for Americans to the medicines that we make.
Thirty million Americans suffer from rare genetic disorders, and our intent is to reliably innovate new medicines and bring them to as many communities as possible,” said Dr. Kumar. “Within the field of ATTR-CM, we’ve already launched the
lowest-priced product with the best data at 30 months, and we continue to look forward to working with anyone who wants to help improve access to treatment for the patients who need it.”
BridgeBio’s model was built to make drug development and innovation economically viable for genetic conditions that affect small patient populations. The Company’s
approved medicine, Attruby, is available to people with transthyretin amyloid cardiomyopathy, and the Company has three additional medicines under FDA review, each for a genetic condition with limited or no approved treatment options: BBP-418 for
limb-girdle muscular dystrophy type 2I/R9, or LGMD2I/R9 (PDUFA date with Priority Review: November 27, 2026); encaleret for autosomal dominant hypocalcemia type 1, or ADH1 (PDUFA date with Priority Review: May 7, 2027); and infigratinib for
achondroplasia.
About Attruby (acoramidis)
INDICATION
Attruby is a transthyretin stabilizer indicated for the treatment of the cardiomyopathy of wild-type or variant transthyretin-mediated amyloidosis (ATTR-CM) in adults to reduce cardiovascular death and cardiovascular-related hospitalization.
IMPORTANT SAFETY INFORMATION
Adverse Reactions
Diarrhea (11.6% vs 7.6%) and upper abdominal pain (5.5% vs 1.4%) were reported inpatients treated with Attruby versus placebo, respectively. The majority of these adverse reactions were mild and resolved without drug discontinuation.
Discontinuation rates due to adverse events were similar between patients treated with Attruby versus placebo (9.3% and 8.5%, respectively).
About BridgeBio
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often
because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke
model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market. For
more information, visit bridgebio.com and follow us on LinkedIn, X, Facebook, Instagram, YouTube, and TikTok.
BridgeBio Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered
forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are usually identified by the use of
words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar expressions. BridgeBio intends these
forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.
These forward-looking statements include statements regarding the anticipated implementation, scope and effects of BridgeBio’s agreement with the U.S. government,
including BridgeBio’s plans to expand Medicaid access to Attruby through the GENEROUS Model; BridgeBio’s expectation that it will not be subject to future pricing mandates; and the anticipated impact of the agreement on patient access,
affordability and BridgeBio’s ability to continue developing and providing medicines for rare genetic diseases.
Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the
Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a
number of risks, uncertainties and assumptions, including, but not limited to, the risk that the agreement may be implemented, interpreted or applied differently than BridgeBio currently expects; that federal or state laws, regulations, policies,
reimbursement frameworks or government pricing programs may change or be implemented in a manner that adversely affects BridgeBio or its products; that BridgeBio may become subject to additional pricing mandates, requirements or restrictions
notwithstanding its current expectations; that the agreement may not result in the anticipated improvements in access, affordability or other expected benefits; that the agreement or future changes in government pricing or reimbursement policies
may adversely affect BridgeBio’s business, results of operations or ability to continue investing in the development and commercialization of medicines for rare genetic diseases; the impacts of current macroeconomic and geopolitical events,
including changing conditions from hostilities in Ukraine and in Israel and the Middle East, increasing rates of inflation and changing interest rates, on business operations and expectations, as well as those risks set forth in the Risk Factors
section of the Company’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission.
Moreover, the Company operates in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are
based upon the current expectations and beliefs of the Company’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements. Except as required by applicable law, BridgeBio assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
BridgeBio Media Contact:
Kaitlyn Reilly, Director, Communications
contact@bridgebio.com
(650) 789-8220
BridgeBio Investor Contact:
Kristen Kelleher, Director, Investor Relations
ir@bridgebio.com
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 31, 2026 (
August 31, 2026
)
BridgeBio Pharma, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-38959
84-1850815
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
421 Kipling Street
Palo Alto
,
CA
94301
(Address of principal executive offices)
(Zip Code)
(
650
)
391-9740
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common stock
BBIO
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.
Other Events.
On August 31, 2026, BridgeBio Pharma, Inc. (the “Company”) issued a press release titled, “BridgeBio Announces Agreement with U.S. Government to Improve Affordability and
Access to Critical Medicines for Americans.” A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The Company expects its pricing commitment for its future medicines under its agreement with the U.S. government to exclude medicines approved exclusively for orphan
indications.
Forward-Looking Statements
This Current Report on Form 8-K and certain of the materials filed herewith contain forward-looking statements. Such statements may include statements that are not
historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which
are usually identified by the use of words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar
expressions. The Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.
These forward-looking statements include statements regarding the anticipated implementation, scope and effects of the Company’s agreement with the U.S. government,
including the Company’s plans to expand Medicaid access to Attruby
TM
through the GENEROUS Model; the Company’s expectation that it will not be subject to future pricing mandates; the Company’s expectations regarding the scope of the
pricing commitments under its agreement with the U.S. government; and the anticipated impact of the agreement on patient access, affordability and the Company’s ability to continue developing and providing medicines for rare genetic diseases.
Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the
Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a
number of risks, uncertainties and assumptions, including, but not limited to, the risk that the agreement may be implemented, interpreted or applied differently than the Company currently expects; that federal or state laws, regulations, policies,
reimbursement frameworks or government pricing programs may change or be implemented in a manner that adversely affects the Company or its products; that the Company may become subject to additional pricing mandates, requirements or restrictions
notwithstanding its current expectations; that the scope or application of the Company’s pricing commitments, including the exclusion for medicines approved exclusively for orphan indications, may differ from the Company’s current expectations;
that the agreement may not result in the anticipated improvements in access, affordability or other expected benefits; that the agreement or future changes in government pricing or reimbursement policies may adversely affect the Company’s business,
results of operations or ability to continue investing in the development and commercialization of medicines for rare genetic diseases; the impacts of current macroeconomic and geopolitical events, including changing conditions from hostilities in
Ukraine and in Israel and the Middle East, increasing rates of inflation and changing interest rates, on business operations and expectations, as well as those risks set forth in the Risk Factors section of the Company’s most recent Quarterly
Report on Form 10-Q and Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit
No.
Description
99.1
Press release titled, “BridgeBio Announces Agreement with U.S. Government to Improve Affordability and Access to Critical Medicines for Americans.”
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
BridgeBio Pharma, Inc.
Date: August 31, 2026
/s/ Thomas Trimarchi
Thomas Trimarchi
President and Chief Financial Officer
----- ef20081330_ex99-1.htm -----
EX-99.1
2
ef20081330_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
BridgeBio Announces Agreement with U.S. Government to Improve Affordability and Access to Critical Medicines for Americans
- This
voluntary agreement expands access for Medicaid patients to
BridgeBio’s
currently marketed medicine
and lowers drug costs for Americans without jeopardizing innovation and sustainability in rare diseases
- BridgeBio will continue to offer Attruby via Medicare Part D without any future pricing mandates
- The agreement has no impact on ForgingBridges®, a copay assistance program that helps reduce out-of-pocket costs to as little as $0 per month for
qualifying patients
PALO ALTO, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) —
BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, today announced that it has entered into a voluntary
agreement with the U.S. government to expand access to its medicines and lower costs for American patients. Neil Kumar, Ph.D., Co-Founder and CEO of BridgeBio, joined President Donald J. Trump and members of his Administration at the White
House to discuss the new agreement, which improves access to treatments for rare genetic diseases without jeopardizing innovation or sustained investment.
Millions of people worldwide live with rare genetic conditions that have no approved treatment options because developing medicines for rare diseases has never been
commercially straightforward. Today’s agreement with the Administration is intended to ensure that BridgeBio will be able to continue bringing medicines to people living with rare genetic diseases. As part of the agreement, BridgeBio will expand
state Medicaid access to its currently marketed medicine via the GENEROUS Model.
This builds on the Company’s existing patient access work, including ForgingBridges, BridgeBio’s patient support program, which provides reimbursement navigation and
financial assistance to qualifying patients, potentially minimizing out-of-pocket costs to as little as $0 per month.
BridgeBio does not expect to be subject to future pricing mandates. The specific terms of the agreement remain confidential.
“As an American biotech, it’s a privilege to be working alongside the Administration to ensure the broadest possible access for Americans to the medicines that we make.
Thirty million Americans suffer from rare genetic disorders, and our intent is to reliably innovate new medicines and bring them to as many communities as possible,” said Dr. Kumar. “Within the field of ATTR-CM, we’ve already launched the
lowest-priced product with the best data at 30 months, and we continue to look forward to working with anyone who wants to help improve access to treatment for the patients who need it.”
BridgeBio’s model was built to make drug development and innovation economically viable for genetic conditions that affect small patient populations. The Company’s
approved medicine, Attruby, is available to people with transthyretin amyloid cardiomyopathy, and the Company has three additional medicines under FDA review, each for a genetic condition with limited or no approved treatment options: BBP-418 for
limb-girdle muscular dystrophy type 2I/R9, or LGMD2I/R9 (PDUFA date with Priority Review: November 27, 2026); encaleret for autosomal dominant hypocalcemia type 1, or ADH1 (PDUFA date with Priority Review: May 7, 2027); and infigratinib for
achondroplasia.
About Attruby (acoramidis)
INDICATION
Attruby is a transthyretin stabilizer indicated for the treatment of the cardiomyopathy of wild-type or variant transthyretin-mediated amyloidosis (ATTR-CM) in adults to reduce cardiovascular death and cardiovascular-related hospitalization.
IMPORTANT SAFETY INFORMATION
Adverse Reactions
Diarrhea (11.6% vs 7.6%) and upper abdominal pain (5.5% vs 1.4%) were reported inpatients treated with Attruby versus placebo, respectively. The majority of these adverse reactions were mild and resolved without drug discontinuation.
Discontinuation rates due to adverse events were similar between patients treated with Attruby versus placebo (9.3% and 8.5%, respectively).
About BridgeBio
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often
because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke
model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market. For
more information, visit bridgebio.com and follow us on LinkedIn, X, Facebook, Instagram, YouTube, and TikTok.
BridgeBio Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered
forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are usually identified by the use of
words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar expressions. BridgeBio intends these
forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.
These forward-looking statements include statements regarding the anticipated implementation, scope and effects of BridgeBio’s agreement with the U.S. government,
including BridgeBio’s plans to expand Medicaid access to Attruby through the GENEROUS Model; BridgeBio’s expectation that it will not be subject to future pricing mandates; and the anticipated impact of the agreement on patient access,
affordability and BridgeBio’s ability to continue developing and providing medicines for rare genetic diseases.
Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the
Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a
number of risks, uncertainties and assumptions, including, but not limited to, the risk that the agreement may be implemented, interpreted or applied differently than BridgeBio currently expects; that federal or state laws, regulations, policies,
reimbursement frameworks or government pricing programs may change or be implemented in a manner that adversely affects BridgeBio or its products; that BridgeBio may become subject to additional pricing mandates, requirements or restrictions
notwithstanding its current expectations; that the agreement may not result in the anticipated improvements in access, affordability or other expected benefits; that the agreement or future changes in government pricing or reimbursement policies
may adversely affect BridgeBio’s business, results of operations or ability to continue investing in the development and commercialization of medicines for rare genetic diseases; the impacts of current macroeconomic and geopolitical events,
including changing conditions from hostilities in Ukraine and in Israel and the Middle East, increasing rates of inflation and changing interest rates, on business operations and expectations, as well as those risks set forth in the Risk Factors
section of the Company’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission.
Moreover, the Company operates in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are
based upon the current expectations and beliefs of the Company’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements. Except as required by applicable law, BridgeBio assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
BridgeBio Media Contact:
Kaitlyn Reilly, Director, Communications
contact@bridgebio.com
(650) 789-8220
BridgeBio Investor Contact:
Kristen Kelleher, Director, Investor Relations
ir@bridgebio.com
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