BBP-418's FDA Priority Review addresses unmet needs for LGMD2I/R9, potentially becoming the first approved treatment for this condition.
Quiver AI Summary
BridgeBio Pharma announced that the FDA has accepted its New Drug Application (NDA) for BBP-418, an oral therapy aimed at treating limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9), granting it Priority Review with a target action date of November 27, 2026. If approved, BBP-418 would be the first and only treatment for LGMD2I/R9, addressing a significant unmet need in this patient community. The therapy demonstrated strong efficacy in a Phase 3 trial, showing improvements in treated individuals compared to declines in placebo recipients. The acceptance of the NDA is seen as a crucial step in potentially changing the disease's progression and reflects ongoing commitment to support families affected by this debilitating condition. BridgeBio also plans to initiate additional clinical studies for younger patients and other related conditions.
Potential Positives
- FDA has granted Priority Review status for BBP-418, highlighting the urgent need for new treatment options for the LGMD2I/R9 community.
- If approved, BBP-418 would be the first and only therapy for individuals living with LGMD2I/R9 and represent a significant advancement in the treatment of any form of limb-girdle muscular dystrophy.
- Phase 3 trial results show BBP-418 demonstrated consistent efficacy across all primary and secondary endpoints, indicating its potential to significantly impact patient outcomes compared to placebo.
- BridgeBio is initiating further clinical studies of BBP-418 in younger patients and other related conditions, indicating a commitment to expanding treatment options in the future.
Potential Negatives
- FDA acceptance of the NDA is not a guarantee of approval, and the company faces significant uncertainty regarding the final outcome.
- The PDUFA target action date of November 27, 2026, indicates a lengthy wait for potential market entry, which may limit the company's competitive position in the long term.
- The lack of an advisory committee meeting could suggest that the FDA has reservations about the application, raising concerns about potential issues that may arise during the review process.
FAQ
What is BBP-418?
BBP-418 is an investigational oral therapy aimed at treating individuals with limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9).
When is the FDA's target action date for BBP-418?
The FDA has assigned a target action date of November 27, 2026, for BBP-418's New Drug Application.
What is the significance of Priority Review for BBP-418?
Priority Review indicates a serious unmet need in the LGMD2I/R9 community, expediting the FDA's review process for BBP-418.
How effective is BBP-418 based on clinical trials?
BBP-418 demonstrated strong efficacy across all key endpoints in the Phase 3 FORTIFY trial, improving treated individuals compared to placebo.
What are the potential impacts of BBP-418?
If approved, BBP-418 would be the first therapy for LGMD2I/R9, potentially stabilizing or improving muscle function and patient quality of life.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BBIO Insider Trading Activity
$BBIO insiders have traded $BBIO stock on the open market 78 times in the past 6 months. Of those trades, 0 have been purchases and 78 have been sales.
Here’s a breakdown of recent trading of $BBIO stock by insiders over the last 6 months:
- NEIL KUMAR (Chief Executive Officer) has made 0 purchases and 64 sales selling 484,167 shares for an estimated $35,225,299.
- ANDREA ELLIS sold 64,921 shares for an estimated $4,211,301
- RANDAL W. SCOTT has made 0 purchases and 7 sales selling 20,000 shares for an estimated $1,426,012.
- THOMAS TRIMARCHI (President and CFO) has made 0 purchases and 2 sales selling 13,600 shares for an estimated $1,016,147.
- HANNAH VALANTINE sold 8,671 shares for an estimated $624,312
- MARICEL APULI (Chief Accounting Officer) has made 0 purchases and 3 sales selling 4,510 shares for an estimated $329,578.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$BBIO Congressional Stock Trading
Members of Congress have traded $BBIO stock 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $BBIO stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 4 purchases worth up to $60,000 on 04/29, 03/19, 03/18, 03/03 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$BBIO Hedge Fund Activity
We have seen 259 institutional investors add shares of $BBIO stock to their portfolio, and 221 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BROOKLANDS FUND MANAGEMENT LTD removed 2,750,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $204,215,000
- VIKING GLOBAL INVESTORS LP removed 2,551,500 shares (-17.7%) from their portfolio in Q1 2026, for an estimated $189,474,390
- CITADEL ADVISORS LLC added 2,475,758 shares (+354.6%) to their portfolio in Q1 2026, for an estimated $183,849,789
- JANUS HENDERSON GROUP PLC added 2,259,378 shares (+25.8%) to their portfolio in Q4 2025, for an estimated $172,819,823
- MACQUARIE GROUP LTD removed 1,933,096 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $147,862,513
- JANE STREET GROUP, LLC added 1,415,877 shares (+414.2%) to their portfolio in Q1 2026, for an estimated $105,143,026
- POLAR CAPITAL HOLDINGS PLC added 1,219,960 shares (+93.9%) to their portfolio in Q1 2026, for an estimated $90,594,229
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$BBIO Analyst Ratings
Wall Street analysts have issued reports on $BBIO in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- William Blair issued a "Outperform" rating on 03/10/2026
- Barclays issued a "Overweight" rating on 01/28/2026
- Truist Securities issued a "Buy" rating on 01/08/2026
- Morgan Stanley issued a "Overweight" rating on 01/06/2026
To track analyst ratings and price targets for $BBIO, check out Quiver Quantitative's $BBIO forecast page.
$BBIO Price Targets
Multiple analysts have issued price targets for $BBIO recently. We have seen 13 analysts offer price targets for $BBIO in the last 6 months, with a median target of $98.0.
Here are some recent targets:
- Eric Joseph from Citigroup set a target price of $82.0 on 05/19/2026
- Raghuram Selvaraju from HC Wainwright & Co. set a target price of $110.0 on 05/11/2026
- Cory Kasimov from Evercore ISI Group set a target price of $130.0 on 05/08/2026
- Danielle Brill from Truist Securities set a target price of $102.0 on 04/29/2026
- Salim Syed from Mizuho set a target price of $106.0 on 04/28/2026
- Luca Issi from RBC Capital set a target price of $100.0 on 04/09/2026
- Anupam Rama from JP Morgan set a target price of $94.0 on 03/10/2026
Full Release
- Accepted for Priority Review with PDUFA target action date of November 27, 2026, and poised to launch upon approval; being granted Priority Review by the FDA reiterates the serious unmet need for treatment options for the LGMD2I/R9 community
- If approved, BBP-418 would be the first and only therapy for individuals living with LGMD2I/R9 and would represent the first approved treatment for any form of LGMD
- BBP-418 demonstrated strong, consistent efficacy across all prespecified subgroups with treated individuals improving on every key endpoint while placebo recipients declined, reflecting both the natural progression of this devastating disease and the meaningful potential impact for those on treatment
PALO ALTO, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, today announced the FDA has accepted for filing its New Drug Application (NDA) with Priority Review for oral BBP-418 for the treatment of individuals living with limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9). The FDA has assigned a Prescription Drug User Fee Act (PDUFA) target action date of November 27, 2026, and BridgeBio is poised to launch BBP-418 upon approval. The FDA also notified the Company that it is not currently planning to hold an advisory committee meeting to discuss the application.
“LGMD2I/R9 is a relentless and life-shortening disease. Patients progressively lose the ability to walk, face serious cardiovascular complications, and ultimately die from respiratory failure,” said Christine Siu, Chief Executive Officer of BridgeBio Neuromuscular. “With today's acceptance of our NDA, we are one step closer to the potential FDA approval of a treatment that could potentially change the progression of this disease. The compelling data from FORTIFY give us confidence that BBP-418 can make a meaningful difference in how this disease progresses, and we will work with urgency to bring it to the patients and families who have been waiting.”
In the Phase 3 FORTIFY trial, BBP-418 met all primary and secondary endpoints at the pre-specified 12-month interim analysis, showing treated individuals improving while placebo recipients declined across every key measure. These results were presented as a late-breaking oral presentation at the 2026 MDA Clinical and Scientific Conference, which are available here .
“For families living with LGMD2I/R9, every milestone reflects years of advocacy, resilience, and hope,” said Kat Bryant Knudson, Founder and CEO of The Speak Foundation. “The FDA’s acceptance of this application reflects not only scientific advancement, but a commitment to listening to and partnering with our community every step of the way. We are grateful for the continued commitment to patients and families who have waited far too long.”
BridgeBio believes BBP-418 is positioned to become the first and only approved therapy for individuals living with LGMD2I/R9 addressing a significant unmet need in this disease and potentially representing the first approval of a therapy for any form of LGMD. Approximately 7,000 individuals currently live with LGMD2I/R9 and other addressable α-dystroglycanopathies in the U.S. and Europe. The Company is also engaging regulatory agencies to identify an expedited path to approval for BBP-418 in Europe.
BBP-418 has previously received Orphan Drug, Fast Track, and Rare Pediatric Disease Designations from the FDA and Orphan Drug Designation from the European Medicines Agency (EMA). BBP-418 received Priority Review from the FDA, highlighting the potential for BBP-418 to address unmet need in LGMD2I/R9. Consistent with Rare Pediatric Designation from the FDA, if BBP-418 is approved, BridgeBio may qualify for a Priority Review Voucher. The Company intends to initiate clinical studies of BBP-418 in LGMD2I/R9 for individuals less than 12 years of age and in LGMD2M/R13 and LGMD2U/R20 in the near future.
About Limb-Girdle Muscular Dystrophy Type 2I/R9 (LGMD2I/R9)
LGMD2I/R9 is a monogenic autosomal recessive disease caused by partial loss of function mutations in the fukutin-related protein (FKRP) gene, and FKRP mutations impair glycosylation of alpha-dystroglycan (αDG), a protein associated with stabilizing muscle cells. Clinical manifestations typically present as a skeletal myopathy affecting the lower and then upper limbs, which is commonly later accompanied by pulmonary muscle and cardiac muscle involvement. Individuals who harbor a homozygous L276I genotype typically develop disease manifestations during late childhood with progression to loss of independent ambulation (25%), assisted ventilation (10%), and cardiomyopathy (30%) in adulthood. Cardiomyopathy is progressive, with an annual loss of 0.4% of left ventricular ejection fraction (LVEF). Individuals with other
FKRP
genotypes typically have an earlier childhood onset with a more severe clinical course, rapid loss of mobility by 20 years of age, more frequent cardiac involvement (60%), and eventual pulmonary decline by 30 years of age in nearly all cases.
About BBP-418
BBP-418 is an investigational oral glycosylation substrate therapy with potential to be the first and only therapy for LGMD2I/R9. BBP-418 is designed to saturate the partially functional FKRP enzyme with substrate thereby enhancing residual FKRP function and restoring glycosylation of αDG. Through restoration of αDG glycosylation, BBP-418 may stabilize or improve muscle function, including gross motor, ambulatory, and cardiopulmonary function.
About BridgeBio
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market. For more information, visit
bridgebio.com
and follow us on
LinkedIn
,
X
,
Facebook
,
Instagram
,
YouTube
, and
TikTok
.
BridgeBio Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), which are usually identified by the use of words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar expressions. BridgeBio intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements include express and implied statements relating to the Company’s expectations regarding the regulatory review process and potential approval for BBP-418 in LGMD2I/R9, including the FDA’s assigned target action date; the timing of a potential launch for BBP-418 and its related commercial infrastructure and personnel; the Company’s expectations regarding the potential effectiveness of BBP-418 in LGMD2I/R9; the Company’s expectations regarding the initiation and timing of clinical trials of BBP-418 in LGMD2I/R9 for individuals less than 12 years of age and in LGMD2M/2U; the potential for BBP-418 to become the first and only approved therapy for LGMD2I/R9 and potentially the first approved therapy for any form of LGMD; the anticipated regulatory pathway for BBP-418; and the potential eligibility of BBP-418 under the Rare Pediatric Disease Priority Review Voucher program. Such statements reflect the Company’s current views about the Company’s plans, intentions, expectations and strategies, which are based on the information currently available to it and on assumptions the Company has made. Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, initial and ongoing data from the Company’s clinical trials not being indicative of final data, the design and success of ongoing and planned clinical trials, future regulatory filings, approvals and/or sales, despite having ongoing and future interactions with the FDA or other regulatory agencies to discuss potential paths to registration for the Company’s product candidates, the FDA or such other regulatory agencies not agreeing with the Company’s regulatory approval strategies, components of the Company’s filings, such as clinical trial designs, conduct and methodologies, or the sufficiency of data submitted, the impacts of current macroeconomic and geopolitical events, including changing conditions from hostilities in Ukraine and in Israel and the Gaza Strip, increasing rates of inflation and changing interest rates, on business operations and expectations, as well as those risks set forth in the Risk Factors section of the Company’s most recent Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission. Moreover, the Company operates in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are based upon the current expectations and beliefs of the Company’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as required by applicable law, BridgeBio assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
BridgeBio Media Contact:
Bubba Murarka, Executive Vice President
[email protected]
(650)-789-8220
BridgeBio Investor Contact:
Chinmay Shukla, Senior Vice President, Strategic Finance
[email protected]