BridgeBio Pharma reported Q4 2024 revenue of $5.9 million, a significant increase from the prior year period, primarily driven by the first commercial sales of Attruby in the U.S. The company faced a net loss of $265.1 million, attributed to increased SG&A expenses related to commercialization efforts. Operating costs surged due to higher marketing and sales expenses, while cash and cash equivalents reached $681 million. The company continues to progress its pipeline with multiple Phase 3 studies advancing towards completion.
Revenue increased to $5.9 million from $1.7 million in Q4 2023, driven by Attruby's first commercial sales.
Net loss widened to $265.1 million, reflecting increased SG&A and R&D costs.
Cash and cash equivalents rose to $681 million, strengthening liquidity.
Attruby achieved significant regulatory milestones, including EU approval under the name BEYONTTRA.
BridgeBio expects continued revenue growth from Attruby while focusing on advancing late-stage clinical programs. Regulatory milestones in Europe and Japan are anticipated to contribute to financial performance.
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