BridgeBio Oncology launched with $200 million of external capital
California-based biopharma BridgeBio Pharma (Nasdaq: BBIO) has announced the completion of a $200 million private financing of its former subsidiary, TheRas.
Doing business as BridgeBio Oncology Therapeutics (BBOT), the new company will accelerate the development of a precision oncology portfolio, initially focused on three programs.
It is anticipated that the capital raise will provide BBOT with a runway to achieve significant clinical inflection points over the next 18 to 24 months, as it progresses these assets into the clinic to treat patients with a wide variety of RAS and PI3Kα pathway malignancies.
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