The Next Roivant Or Fortress? BridgeBio Raises $135m To Spin Out New Companies

BridgeBio's hub-and-spoke model is similar to the Roivant and Fortress strategies, but with a focus on drug candidates for genetic diseases in need of a bridge to future funding.

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BridgeBio Pharma has raised $135m to continue its strategy of developing treatments for genetic diseases by forming new firms around the parent company for each drug candidate with its own executives and scientific leadership to shepherd the asset through major clinical milestones.

The hub-and-spoke model has been used by others, including Axovant Sciences Ltd. parent company Roivant Sciences GMBH and Mustang Bio Inc.'s overseer Fortress Biotech Inc. (Also see "What's Next For Roivant? It's Not More Publicly Traded "Vants"" - Scrip, 13 July, 2017

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