debt
confidence high
sentiment neutral
materiality 0.70
BridgeBio monetizes EU acoramidis royalties for $300M cash; caps future payments
BridgeBio Pharma, Inc.
- Eidos sold right to receive certain royalties on acoramidis net sales in EU and EPO states to ARS and LSI Financing Fund.
- Purchase price of $300M paid in full at closing on June 27, 2025.
- Purchaser's annual cap equals 60% of Bayer royalties on first $500M of net sales; hard cap at 145% of purchase price.
- Company granted security interest in assets related to purchased royalty payment; change of control triggers option to assume or pay adjusted amount.
item 1.01item 2.03