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After IPO, BridgeBio Looks To Tuck Eidos Back Into Its Flock

 
• By Mandy Jackson

Is Eidos a goose that could lay a golden egg? BridgeBio wants to own it all, instead of two-thirds, in case its subsidiary's lead program in TTR amyloidosis succeeds in Phase III.

Eggs_Nest
In case Eidos's ATTR drug AG10 is a golden egg, BridgeBio wants to own it all. • Source: Shutterstock

BridgeBio Pharma Inc. launched the largest initial public offering so far this year by a biopharmaceutical company in the US and, now that the IPO has closed, it's looking to increase the return on its investment in one of its subsidiary companies – Eidos Therapeutics Inc.

Palo Alto, CA-based BridgeBio's business model is to find intriguing genetic disease drug candidates and spin out subsidiaries around each drug, as it did with Eidos, which went public in the US last year to fund the Phase III program for its lead drug candidate AG10 for transthyretin amyloidosis (TTR

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