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Apparent Hikma settlement ‘key positive’ for BridgeBio, says Barclays

Barclays analyst Eliana Merle notes that an item posted in the Vynamax/tafamidis intellectual property case docket states Pfizer (PFE) and Hikma stipulate and agree to dismissal, which from the firm’s understanding means all defendants have settled. The firm, which thinks this is “a key positive” for BridgeBio (BBIO) removing an overhang on the stock, has an Overweight rating on BridgeBio shares.

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