Bayer Bets Big On External Innovation With BridgeBio Acoramidis Pact

The German major's internal R&D fortunes in the cardiovascular space have been mixed, with asundexian faltering in a recent atrial fibrillation trial, so getting hold of the European rights to BridgeBio's recently-filed ATTR-CM therapy is a timely boost.

Bayer cross night
• Source: Bayer

Bayer AG has moved to answer critics concerned about the state of its late-stage pipeline by bagging the European rights to acoramidis, BridgeBio Pharma, Inc.'s closely watched potential blockbuster for transthyretin amyloid cardiomyopathy (ATTR-CM).

The German group is paying up to $310m comprising of upfront and near-term milestone payments, as well as additional undisclosed sales milestones, plus royalties beginning in the low-thirties percent on sales of acoramidis in Europe

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