BridgeBio spin-out in SPAC deal to target RAS and PI3Kα malignancies
BridgeBio Oncology Therapeutics (BBOT), a company advancing small molecule therapeutics targeting RAS and PI3Ka malignancies, and Helix Acquisition Corp II (Nasdaq: HLXB), a special purpose acquisition company (SPAC) sponsored by affiliates of Cormorant Asset Management, have agreed to merge.
The combined company will be renamed BridgeBio Oncology Therapeutics and it is expected to be listed on the Nasdaq under the ticker symbol BBOT.
BBOT, which originated as TheRas, a subsidiary of BridgeBio Pharma (Nasdaq: BBIO), starts life with a significant cash pile.
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