BridgeBio Secures $300 Million Royalty Financing to Support ATTR-CM Drug Launch
- BridgeBio Pharma secured $300 million in upfront financing by selling 60% of European royalties for BEYONTTRA to HealthCare Royalty and Blue Owl Capital.
- The transaction monetizes royalties on the first $500 million of annual BEYONTTRA net sales in Europe with a 1.45x cap on total investor payments.
- Acoramidis demonstrated rapid clinical benefits in Phase 3 trials, showing 42% reduction in cardiovascular events and 50% reduction in cardiovascular hospitalizations.
- The drug is approved as Attruby in the US and BEYONTTRA in Europe for treating transthyretin amyloidosis with cardiomyopathy (ATTR-CM).