other material
confidence high
sentiment negative
materiality 0.75
Helsinn terminates oncology collaboration for infigratinib; BridgeBio continues non-oncology development
BridgeBio Pharma, Inc.
- QED Therapeutics, BridgeBio subsidiary, received termination notice from Helsinn for infigratinib oncology license agreement.
- Helsinn cites commercial considerations for termination of February 2022 agreement.
- BridgeBio to continue development of infigratinib for achondroplasia worldwide excluding China, Hong Kong, Macau.
- Termination affects commercialization rights for oncology indications worldwide ex-China, Hong Kong, Macau.
- No financial terms disclosed; impact on future revenues uncertain.