BridgeBio attracts takeover interest from pharma companies - Bloomberg News
March 24 (Reuters) -Gene therapy company BridgeBio Pharma Inc BBIO.O is attracting takeover interest from some large pharmaceutical firms, Bloomberg News reported on Friday, citing people familiar with the matter.
Sharesof the California-based company were up nearly 13% at $16.82 in after-market trade. It hasa market capitalization of $2.18 billion, according to Refinitiv data.
Talks of a takeoverare ongoing and there is no certainty they will result in a transaction, the report said, adding that BridgeBio may decide to remain independent longer to benefit from the results of upcoming drug trials.
The company, which did not immediately respond to a Reuters request for comment, develops treatments for genetic diseases and cancers.
Reporting by Raghav Mahobe in Bengaluru; Editing by Devika Syamnath
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