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Stock impact report

BridgeBio heart drug approved by FDA, setting up battle with Pfizer [Yahoo! Finance]

BridgeBio Pharma, Inc. (BBIO) 
Last bridgebio pharma, inc. earnings: 3/2 08:29 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Food and Drug Administration has approved a new medicine for a deadly genetic heart condition, boosting its developer, BridgeBio Pharma, and teeing up a battle for control of a lucrative market targeted by several drugmakers. The agency on Friday cleared Attruby , known scientifically as acoramidis, for people with a cardiac form of transthyretin amyloidosis, a progressive disease that leads to heart failure and death. In testing, Attruby helped keep people alive and out of the hospital longer than those who'd received a placebo. Treatment was also associated with improvements in quality of life as well as markers of heart health. Notably, the drug is approved to prevent hospitalization or death resulting from heart complications of transthyretin amyloidosis with cardiomyopathy. Investors had been skeptical BridgeBio would earn such a distinction from regulators, leading to doubts about Attruby's commercial prospects. BridgeBio priced Attruby at just under $19,000 for a 2 Show less Read more
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