BridgeBio: New Data Bolsters The Bull Case

Atticus Analysis
118 Followers
(11min)

Summary

  • BridgeBio's Attruby launch crushed expectations, with Q1 revenue triple analyst estimates, driven by higher-than-expected conversion rates and minimal free trial usage.
  • Competitive threats from Amvuttra appear overstated, as Attruby script declines were minor and BridgeBio management remains confident in market positioning and pricing.
  • My updated model projects 2025 revenues of $728 million, far above consensus, and sees potential for nearly $1 billion in 2026 from existing patients alone.
  • Despite biotech sector volatility, BridgeBio is my top holding and I rate it a Strong Buy, expecting continued outperformance and future pipeline success.

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Introduction

I last covered BridgeBio Pharma (NASDAQ:BBIO) in April, just before earnings. Since then, earnings were a huge beat, but the stock has been roughly flat since then, underperforming the major indexes. Still, despite the underwhelming price action, new data

This article was written by

118 Followers
Like millions of other investors, I got Robinhood and started trading during the pandemic. Unlike most of those investors, I carefully studied hundreds of earnings reports for clues to future performance, and I was able to identify many future winners, such as OPRX, OTRK, FUBO, and PLUG. My style of investing is identifying key information from earnings transcripts and reports that signify growth.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BBIO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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