BridgeBio Q2 Sales Jump 120% as Attruby Drives Commercial Momentum

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

BridgeBio Pharma reported second-quarter revenues of $243.7 million, up 120% year over year and above the Zacks Consensus Estimate of $222.6 million, driven by Attruby U.S. product sales of $222.4 million, more than triple the $71.5 million from a year earlier. The company posted a net loss of 78 cents per share, wider than the expected 64-cent loss but improved from a 95-cent loss a year ago, as research and development expenses rose 34% to $149.4 million and selling, general and administrative expenses climbed 44% to $186.3 million. Management said Attruby's first-line share in ATTR-CM rose two to three percentage points in the quarter, while the pool of patients switching from Pfizer's Vyndaqel/Vyndamax has begun to normalize. BridgeBio ended June with $720.2 million in cash, cash equivalents and marketable securities, down from $940.2 million at the end of the prior quarter, but a $1 billion preferred equity financing that closed July 1 lifted the cash balance to about $1.7 billion. The company is preparing for three potential U.S. product launches over the next 12 months, including BBP-418 with an FDA decision date of November 27, 2026, encaleret under review for a May 8, 2027 decision, and infigratinib targeted for a potential early- to mid-2027 launch if approved.

Impact on stocks 3

Biotech & Genomic Medicine± Mixed · 3 stocks
BridgeBio Pharma Inc
BBIO
▲ PositiveDemandrelevance

Attruby sales more than tripled to $222.4M, driving 120% revenue growth and share gains in ATTR-CM.

Pfizer Inc
PFE
▼ NegativeCompetitionrelevance

BridgeBio's Attruby is gaining share and switching patients from Pfizer's Vyndaqel/Vyndamax.

Theme Impact 1

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