earnings
confidence high
sentiment positive
materiality 0.75
BridgeBio Q3 operating expense down 26% vs Q1 2022; positive Phase 2 data for BBP-418 and infigratinib
BridgeBio Pharma, Inc.
2022-Q3 EPS reported
-$2.34
revenue$75,778,000
- Q3 operating costs $129.5M, down 26.2% from Q1 2022; net loss $137.3M vs $155.9M prior year.
- Cash, equivalents and marketable securities $558.3M, providing runway into 2024.
- BBP-418 12-month Phase 2: αDG glycosylation +0.21 at day 90, >75% creatine kinase reduction, no SAEs.
- Low-dose infigratinib Phase 2 Cohort 5 enrolled with no SAEs; AHV update in H1 2023, Phase 3 planned.
- First patient dosed in Phase 1/2 of BBP-398 plus Amgen's Lumakras for KRAS G12C; FDA Fast Track granted.