B

Braveheart Bio

Develops cardiac myosin inhibitors for HCM

Overview

Braveheart Bio develops therapies for hypertrophic cardiomyopathy by in-licensing promising drug candidates and advancing them through late-stage clinical trials. Its lead drug, BHB-1893, is a selective small-molecule cardiac myosin inhibitor licensed from Hengrui Pharma for ex-China rights, designed to reduce contractility in heart cells and improve heart performance. The company differentiates itself by pursuing a best-in-class profile with potential improvements in efficacy, safety, and dosing, supported by a high-profile leadership team and investors. Its goal is to bring an approved, globally accessible therapy for HCM that delivers meaningful clinical benefit.

Launched RecentlySignificant Headcount Growth

Work here?Claim your company

About Braveheart Bio

Simplify's Rating
Why Braveheart Bio is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

BiotechnologyHealthcare

Company Size

51-200

Company Stage

IPO

Headquarters

San Francisco, CA

Founded

2025

Get referred to Braveheart Bio

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • Braveheart opened the Jefferies London conference on November 18, 2026, extending investor visibility.
  • LIONHEART-HCM is enrolling globally, with interim results expected in second-half 2027.
  • Cash plus IPO proceeds reached $527.3 million, funding operations into 2029.

What critics are saying

  • LIONHEART-HCM faces Camzyos and beta-blocker metoprolol, where phase-3 failure kills valuation.
  • The company lost $98.5 million and reported negative equity, inviting dilution before 2028.
  • Open-label 52-week data remain small; two patients dropped below 50% LVEF.

What makes Braveheart Bio unique

  • BHB-1893 targets HCM biology with rapid-onset, fixed-dose positioning versus Camzyos complexity.
  • November 6, 2026 AHA data showed 79% achieved LVOT gradient below 30 mmHg.
  • nHCM analyses on 84 patients showed diastolic gains while preserving systolic function.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$624.9M

Above

Industry Average

Funded Over

2 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Flexible Work Hours
  • Company Equity

Stock Price

Growth & Insights and Company News

6 month growth

6%

1 year growth

21%

2 year growth

21%
MarketScreener
Nov 6th, 2026
Hengrui Pharma and Braveheart Bio present data from 52-week open-label extension of Phase 2 study of HRS/BHB-1893 in Obstructive Hypertrophic Cardiomyopathy at American Heart Association Scientific...

Hengrui Pharma and Braveheart Bio present data from 52-week open-label extension of Phase 2 study of HRS/BHB-1893 in Obstructive Hypertrophic Cardiomyopathy at American Heart Association Scientific Sessions 2026. Published on 11/06/2026 at 03:15 pm EST GlobeNewswire HRS/BHB-1893 demonstrated meaningful improvements in exercise capacity and patient-reported outcomes, with rapid, deep, and durable left ventricular outflow tract (LVOT) gradient reduction at 52 weeks Data support a highly simplified dosing regimen, with a majority of patients potentially served by the starting dose HRS/BHB-1893 data across both forms of hypertrophic cardiomyopathy (HCM) and preclinical models suggest potential to address underlying pathophysiology of disease, findings consistent with reverse-remodeling and diastolic benefits Braveheart Bio to host Investor Event and Webcast today at 3:35 p.m. CT (4:35 p.m. ET), including discussion of a planned fixed-dose oHCM study, TRUEHEART-HCM SHANGHAI and SAN FRANCISCO, Nov. 06, 2026 (GLOBE NEWSWIRE) - Hengrui Pharma (SSE: 600276; HKEX: 1276) and Braveheart Bio (NASDAQ: BRVE) today presented data from a 52-week open-label extension (OLE) of the Phase 2 study of the investigational, next-generation cardiac myosin inhibitor HRS/BHB-1893 in patients with obstructive hypertrophic cardiomyopathy (oHCM). The data were presented at the American Heart Association (AHA) Scientific Sessions 2026. After the 12-week core period and a washout period, all 42 patients restarted HRS/BHB-1893 for an additional 52 weeks in the OLE. At Week 52, peak oxygen uptake (pVO2) increased by a mean of 2.7 mL/kg/min from OLE baseline; Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ-CSS) increased by a mean of 17.3 points over the same period. At Week 52, 79% (33/42) of patients achieved a Valsalva LVOT gradient (LVOT-G) below 30 mmHg, with 90% of patients achieving a Valsalva gradient <30 mmHg at one or more visits during the treatment period. A majority (57%) of patients ended the study on the 40 mg twice-daily (BID) starting dose. In a separate presentation, Braveheart Bio reported new preclinical mechanistic data and ad hoc analyses of the completed Phase 2 study in non-obstructive HCM (nHCM), suggesting HRS/BHB-1893 improves diastolic function while preserving systolic function. "These 52-week data suggested the combination of clinical effect, tolerability, and simplicity in dosing of HRS/BHB-1893, which gives us growing confidence to proceed with our clinical development in China," said Su Zhang, Vice President and Head of Non-Oncology Clinical Development, Hengrui Pharma. "We believe that it indicates HRS/BHB-1893 will be an effective and practical option for HCM patients." "These data reinforce the differentiated clinical profile of HRS/BHB-1893, suggesting encouraging efficacy, safety, and ease of use over a longer course of treatment," said Travis Murdoch, M.D., President and Chief Executive Officer, Braveheart Bio. "The study data also suggest potential reverse-remodeling. Taken together with data presented today on the mechanistic differentiation of HRS/BHB-1893 from preclinical work and the completed nHCM Phase 2 study, we believe that HRS/BHB-1893 could fundamentally address the biology of HCM, including diastolic dysfunction, across both forms of the disease." "HCM has long been treated as a disease of obstruction, but the biology is more fundamental, and today's data begin to reflect that reality," said Theodore Abraham, M.D., Co-director of UCSF HCM Center of Excellence. "These results suggest that it may be possible to engage that biology directly. The evidence of attenuated rebound after 52 weeks points to a treatment that is beginning to modify the structural and biological substrate of the disease. The diastolic findings in non-obstructive patients, consistent across preclinical models and the clinic, show that the same mechanism can improve ventricular relaxation and filling that have historically constrained this class. For patients living with HCM in all its forms, that could represent a meaningfully different kind of progress." Long-term efficacy and safety data of HRS/BHB-1893 in patients with obstructive hypertrophic cardiomyopathy: results from the 52-week extension period The Phase 2 study of HRS/BHB-1893 (NCT06516068) enrolled 42 adults with symptomatic oHCM. During the 12-week core period, patients were randomized across three dosing cohorts. Following the core period and a washout phase, all 42 patients entered the OLE. Patients then resumed treatment with HRS/BHB-1893 at a starting dose of 40 mg BID with opportunity for titration to 60 mg or 80 mg BID based on Valsalva LVOT-G and left ventricular ejection fraction (LVEF) criteria. Exercise capacity and symptoms improved with extended treatment. Peak oxygen uptake (pVO2) increased by a mean of 2.7 mL/kg/min at Week 52 from OLE baseline, with 70% of patients achieving a >=1.5 mL/kg/min improvement and 50% achieving a >=3.0 mL/kg/min improvement. KCCQ-CSS increased by a mean of 17.3 points at Week 52 from OLE baseline, with 45% of patients achieving a >=20-point improvement. 60% of patients achieved New York Heart Association (NYHA) Class I after 52 weeks of treatment. HRS/BHB-1893-treated patients showed rapid, deep, and durable reductions in LVOT-G. Responders were observed as early as Day 1. By Week 1 (before the first titration), 67% of patients achieved complete LVOT-G response (Valsalva gradient <30 mmHg). At Week 52, 79% of patients (33/42) achieved Valsalva LVOT-G <30 mmHg, and 90% of patients achieved a Valsalva gradient <30 mmHg at one or more visits during the treatment period. 57% of patients (24/42) were maintained on the 40 mg BID starting dose and an additional 19% (8/42) were maintained on 60 mg BID at end of study. The OLE washout design enabled a post hoc analysis comparison of gradient and biomarker rebound following 12 weeks versus 52 weeks of treatment with matched drug exposure. Following the 12-week core period, LVOT-G and N-terminal pro-B-type natriuretic peptide (NT-proBNP) returned to or went above pre-treatment levels after washout. Following 52 weeks of OLE treatment, signs of reduced disease burden were observed with attenuated return of NT-proBNP and LVOT-G. HRS/BHB-1893 was generally well tolerated across the 52-week OLE period, with no on-treatment severe or serious adverse events. All on-treatment treatment-emergent adverse events (TEAEs) were mild or moderate in severity and no adverse events led to permanent study drug discontinuation. Two patients had transient reductions in LVEF below 50% (48% and 49% site-measured) and both resumed treatment at a lower dose. The data were presented in a late-breaking oral presentation, "Long-Term Efficacy and Safety of HRS/BHB-1893 in Patients With Obstructive Hypertrophic Cardiomyopathy: Results From the 52-Week Extension Period," by Xueyi Wu, M.D., Fuwai Hospital, Chinese Academy of Medical Sciences and Peking Union Medical College, on Friday, November 6, 2026, at 2:15 p.m. CT. HRS/BHB-1893 improved indices of diastolic function: evidence from in vitro studies and nHCM patients In a second presentation, Braveheart Bio reported mechanistic and clinical evidence that HRS/BHB-1893 improves indices of diastolic function with minimal effect on systolic performance, suggesting potential to address a therapeutic gap that has limited existing therapies. The post hoc pooled-dose analysis evaluated effects of HRS/BHB-1893 on cardiac function in HCM engineered heart tissues (EHTs) and echocardiographic parameters for 84 patients with nHCM from the completed, placebo-controlled Phase 2 HRS-1893-202 study (NCT06816251). In preclinical HCM EHTs carrying the R403Q pathogenic myosin mutation, HRS/BHB-1893 was observed to improve relaxation time well below concentrations required to meaningfully reduce systolic force. In nHCM patients, post hoc pooled-dose analysis showed significant improvements across multiple established indices of diastolic function after 12 weeks of treatment. For septal e', 59% of treated patients exceeded the normal threshold of 7 cm/s, compared to 20% at baseline and 14% in the control group. For lateral e', 57% of treated patients exceeded the 10 cm/s threshold, compared to 21% at baseline and 18% in the control group. E/e' ratio decreased and left ventricular end-diastolic volume increased, which is consistent with a downward shift of the left ventricular pressure-volume relationship and a more compliant, distensible ventricle. Left atrial volume index decreased, reflecting the downstream benefit of improved diastolic filling. Left ventricular global longitudinal strain (LVGLS) was preserved across the treated group, with 39% of HRS/BHB-1893-treated patients versus 15% of placebo patients demonstrating an improvement in LVGLS by >=10%. Because patients with nHCM have no obstruction to relieve, these results point to the proposed mechanism of action of HRS/BHB-1893. Across laboratory models and patients, the molecule appears to act on the excess actomyosin cross-bridge activity that drives diastolic dysfunction in HCM, improving ventricular filling while preserving systolic function. Together, the data support the potential of HRS/BHB-1893 as a differentiated, next-generation cardiac myosin inhibitor. The data were presented in a moderated poster session, "HRS/BHB-1893, a Next-Generation Cardiac Myosin Inhibitor, Improves Indices of Diastolic Function in Non-Obstructive Hypertrophic Cardiomyopathy: Evidence from In Vitro Studies and Patients," by Carlos L. del Rio, Ph.D., Senior Vice President, Cardiovascular Research & Translational Science, Braveheart Bio, on Friday, November 6, 2026. Investor Event and Webcast Braveheart Bio will host an investor event and webcast today, November 6, 2026, at 3:35 p.m. CT (4:35 p.m. ET) to discuss these data and how they inform future clinical plans, including a planned fixed-dose Phase 2b study in oHCM (TRUEHEART-HCM). A live webcast will be available in the Investors section of the Braveheart Bio website at ir.braveheart.bio, and a replay will be archived following the event. About Hypertrophic Cardiomyopathy Hypertrophic cardiomyopathy (HCM) is a chronic disease estimated to affect more than 700,000 individuals in the United States, and remains an area of significant unmet medical need. HCM can lead to heart failure, stroke or sudden cardiac death, including in young adults and athletes who may often live with the disease undetected. In HCM, overactive myosin can cause excessive contraction of the heart, resulting in the heart muscle becoming abnormally thick, particularly in the left ventricle, the heart's main pumping chamber. This can lead to symptoms like shortness of breath, chest pain, fatigue and fainting, which typically worsen with physical activity and can significantly limit patients' ability to exercise, work or perform routine tasks. Approximately two-thirds of patients with HCM have oHCM, where the thickened muscle creates a blockage in the heart's main pumping chamber, making it harder for blood to flow out to the body with each heartbeat. Approximately one-third of patients with HCM have non-obstructive hypertrophic cardiomyopathy (nHCM), where there is no obstruction, but the muscle is thickened, limiting proper heart function. About HRS/BHB-1893 HRS/BHB-1893 (designated HRS-1893 by Hengrui and BHB-1893 by Braveheart) is an investigational next-generation oral small-molecule cardiac myosin inhibitor engineered for rapid onset of action, minimal impact on left ventricular ejection fraction (LVEF) and ease of use. By modulating cardiac contractility, HRS/BHB-1893 aims to address the underlying pathophysiology of hypertrophic cardiomyopathy (HCM) while maintaining cardiac output. HRS/BHB-1893 has undergone extensive clinical development, including dose-ranging Phase 2 studies in both symptomatic obstructive HCM (oHCM) and symptomatic non-obstructive HCM (nHCM), multiple clinical pharmacology studies including a bridging study in Australia, and an ongoing Phase 3 study in oHCM in China (NCT07021976). Braveheart Bio entered into an exclusive worldwide license agreement with Hengrui Pharma for the development, manufacture, and commercialization of HRS-1893 outside of Chinese mainland, the Hong Kong SAR, the Macao SAR and Taiwan Region. About Hengrui Pharma Hengrui Pharma is an innovation-driven, global pharmaceutical company dedicated to the research, development and commercialization of high-quality medicines to address unmet clinical needs. Its therapeutic areas of focus include oncology, metabolic and cardiovascular diseases, immunological and respiratory diseases, and neuroscience. Driven by a patient-focused philosophy since its founding in 1970, Hengrui Pharma remains committed to advancing human health by striving to conquer diseases, improve health, and extend lives through the power of science and technology. About Braveheart Bio Braveheart Bio is a clinical-stage biopharmaceutical company focused on developing therapies for patients with hypertrophic cardiomyopathy (HCM) and other serious cardiovascular diseases. Its lead product candidate, BHB-1893, is a next-generation oral small-molecule cardiac myosin inhibitor (CMI) being developed for the treatment of obstructive HCM (oHCM) and non-obstructive HCM (nHCM). Braveheart's goal is to improve the treatment options for these patients by enhancing speed of onset, depth of gradient response, systolic safety and reversibility, and by reducing prescribing complexity. For more information, visit www.braveheart.bio. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the therapeutic potential, safety, efficacy, tolerability, and dosing of HRS/BHB-1893, including its potential to support a low-monitoring dosing regime with a majority of patients served by the starting dose and potential reverse-remodeling; the potential of HRS/BHB-1893 to address the underlying biology of HCM, to improve diastolic function or to be a differentiated, next-generation cardiac myosin inhibitor across both forms of HCM; the beneficial characteristics, and the potential therapeutic effects of HRS/BHB-1893; the potential of HRS/BHB-1893 to reach a broad population of patients; and the clinical development of HRS/BHB-1893, including the ongoing Phase 3 study. Words such as "aim," "anticipate," "believe," "expect," "may," "potential," "suggest," "will" and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including that results of earlier-stage, open-label or nonclinical studies may not be predictive of results of later or controlled clinical trials; risks related to the design, conduct and outcomes of clinical trials; the regulatory review and approval process; dependence on the license arrangement between the companies; and the other risks described in Braveheart's filings with the U.S. Securities and Exchange Commission, including its most recent Quarterly Report on Form 10-Q and Hengrui's public disclosures. Forward-looking statements speak only as of the date of this press release, and, except as required by law, Braveheart and Hengrui undertake no obligation to update them. Contact Information for Hengrui Media Jill Liu Associate Branding & PR Manager [email protected] Investor Relations Lina Zhang Head of Capital Markets and Securities Affairs [email protected] Contact Information for Braveheart Bio Media FGS Global [email protected] Investors Alexander Sharif New Street Investor Relations [email protected] (C) GlobeNewswire - 2026

Yahoo Finance
Nov 4th, 2026
Braveheart Bio shares down 28% this year as $98M net loss and negative equity cloud valuation

Braveheart Bio (BRVE), a clinical-stage company developing cardiac myosin inhibitors for hypertrophic cardiomyopathy, is drawing investor attention despite weak share performance. Its shares are up 1.66% in one day, down 1.97% over seven days, and down 28.22% so far this year. The company reported revenue of $0 and a net loss of $98.455 million. Forecasts show no revenue next year and continued losses over the next three years. Its price-to-book ratio is -18.2x because equity is negative, against 4.3x for peers and 1.9x for US pharmaceuticals. That makes the measure unreliable for valuation. Investors are instead weighing trial results, competition, balance sheet strength, and the risk of dilution from future capital raises.

GlobeNewswire
Oct 30th, 2026
Braveheart Bio announces upcoming presentations at the American Heart Association Scientific Sessions 2026.

Braveheart Bio announces upcoming presentations at the American Heart Association Scientific Sessions 2026. SAN FRANCISCO, Oct. 30, 2026 (GLOBE NEWSWIRE) - Braveheart Bio, Inc. (Nasdaq: BRVE), a clinical-stage biopharmaceutical company developing next-generation therapeutics for hypertrophic cardiomyopathy (HCM) and other serious cardiovascular diseases, today announced two upcoming presentations, including a late-breaking presentation of 52-week extension data for BHB-1893 in obstructive HCM, at the American Heart Association (AHA) Scientific Sessions 2026, taking place November 6-9, 2026, in Chicago, IL. Following the presentations, copies of the presentation materials will be available in the Investors section of the Braveheart Bio website. Oral Abstract Presentation Title: HRS/BHB-1893, a Next-Generation Cardiac Myosin Inhibitor, Improves Indices of Diastolic Function in Non-Obstructive Hypertrophic Cardiomyopathy: Evidence From in vitro Studies and Patients Presenter: Carlos del Rio, Ph.D., Senior Vice President, Cardiovascular Research & Translational Science, Braveheart Bio Date: Friday, November 6, 2026 Session Title: Hypertrophic Cardiomyopathy Medical Society Abstract Oral Presentations Session Time: 9:45 AM - 10:45 AM CT Presentation Time: 10:15 AM - 10:25 AM CT Location: Room S406A, McCormick Place Late-Breaking Oral Abstract Presentation Title: Long-Term Efficacy and Safety of BHB/HRS-1893 in Patients With Obstructive Hypertrophic Cardiomyopathy: Results From the 52-Week Extension Period Presenter: Xueyi Wu, M.D., Department of Cardiology, Fuwai Hospital, National Center for Cardiovascular Disease, Chinese Academy of Medical Sciences and Peking Union Medical College, Beijing, China Date: Friday, November 6, 2026 Session Title: Hypertrophic Cardiomyopathy Medical Society Late Breaking Oral Abstracts Session Time: 2:15 PM - 3:15 PM CT Presentation Time: 2:15 PM - 2:25 PM CT Location: Room S406A, McCormick Place About Braveheart Bio Braveheart Bio is a clinical-stage biopharmaceutical company focused on developing therapies for patients with hypertrophic cardiomyopathy (HCM) and other serious cardiovascular diseases. Braveheart Bio's lead product candidate, BHB-1893, is a next-generation oral small-molecule cardiac myosin inhibitor (CMI) being developed for the treatment of obstructive HCM (oHCM) and non-obstructive HCM (nHCM). Braveheart Bio is aiming to address the limitations of currently available CMIs by designing BHB-1893 for rapid onset, consistent depth of response, preservation of systolic function, prompt reversibility, and a straightforward approach to titration and monitoring. For more information, please visit www.braveheart.bio. Investor Relations Contact Alexander Sharif New Street Investor Relations [email protected]

International Business Times Australia
Sep 18th, 2026
Braveheart Bio shares climb 5.50% as its Phase 3 heart drug trial rapidly gains momentum following its IPO.

Braveheart Bio shares climb 5.50% as its Phase 3 heart drug trial rapidly gains momentum following its IPO. The biotechnology company is enrolling patients in LIONHEART-HCM, a global trial testing BHB-1893 against metoprolol in symptomatic obstructive hypertrophic cardiomyopathy. Published 09/19/26 AT 2:53 AM AEST SAN FRANCISCO - Shares of Braveheart Bio Inc. rose 5.50% to $29.24 in Thursday trading, adding $1.53, as the clinical-stage cardiovascular biotechnology company continued to draw investor interest following the initiation of a pivotal late-stage trial for its lead heart disease drug candidate roughly six weeks after going public. Braveheart Bio is developing therapies for hypertrophic cardiomyopathy, a serious cardiovascular condition in which the heart muscle grows abnormally thick, making it harder for the heart to pump blood efficiently. The company's lead candidate, BHB-1893, is an oral, next-generation small-molecule cardiac myosin inhibitor being developed to treat both the obstructive and non-obstructive forms of the disease. Braveheart has said it designed the drug to address limitations in currently available treatments in its class, aiming for rapid onset of effect, consistent depth of response, preservation of the heart's pumping function, prompt reversibility if treatment needs to be stopped, and a more straightforward approach to dosing and patient monitoring than existing options. The company reported second-quarter 2026 financial results and a business update on September 8, disclosing that it had formally initiated LIONHEART-HCM, a global Phase 3 trial evaluating BHB-1893 against the beta-blocker metoprolol in adults with symptomatic obstructive hypertrophic cardiomyopathy. That trial follows positive Phase 2 results in the obstructive form of the disease announced in March. Braveheart Chief Executive Officer and President Travis Murdoch, M.D., framed the milestone as validation of the company's broader strategy following its public listing. "Our clinical programs continue to advance, and our IPO this summer has provided a strong financial foundation to advance the development of our global Phase 3 programs and evaluate the potential of BHB-1893 as the preferred treatment option in two indications," Murdoch said. "Sites are being activated and patients are screening for our LIONHEART-HCM Phase 3 study in obstructive HCM, and we are on track to dose the first patient this year. We continue to expect results from an interim analysis from LIONHEART-HCM in the second half of 2027." Murdoch also provided an update on the company's second target indication, the non-obstructive form of hypertrophic cardiomyopathy. "In addition, our program in non-obstructive HCM is advancing; we now have an active U.S. investigational new drug application and expect to initiate our NOBLEHEART-HCM Phase 3 study in the first half of 2027," he said. That planned trial follows positive Phase 2 results in non-obstructive patients, developed in partnership with China's Jiangsu Hengrui Pharmaceuticals, which were presented as a late-breaking study at the 2026 annual meeting of the Heart Failure Association of the European Society of Cardiology in May. In that trial, patients treated with BHB-1893 showed rapid, statistically significant improvements in cardiac biomarkers, functional status and exercise capacity compared with placebo, along with dose-dependent improvements in heart muscle relaxation and structure on echocardiogram, without any patients in the treatment groups requiring a dose interruption due to reduced heart pumping function, a safety concern that has affected some competing drugs in the same class. Braveheart completed its initial public offering in August, issuing 24.4 million shares of common stock at $18 per share for gross proceeds of approximately $439.9 million, with the stock beginning to trade on the Nasdaq Global Market on August 6. Including the net proceeds from that offering, the company reported cash and cash equivalents of approximately $527.3 million on an as-adjusted basis as of June 30, which it said should be sufficient to fund its operating expenses and capital requirements into 2029, giving the company a lengthy runway to advance both Phase 3 programs toward potential regulatory approval without an immediate need to return to capital markets. The company's second-quarter financial results reflected the scale of investment required to support that expanding late-stage clinical program. Research and development expenses reached $11.1 million for the quarter, up sharply from essentially no comparable spending a year earlier, driven by the advancement of BHB-1893 and preparation for the global Phase 3 program. General and administrative expenses climbed to $4.8 million for the quarter as the company built out the operational infrastructure needed to function as a newly public company. Net loss attributable to common stockholders totaled $18.6 million for the quarter, or $2.51 per share, after accounting for a non-cash deemed dividend tied to the company's earlier Series A preferred stock financing. Braveheart's stock has traded within a 52-week range of $24.31 to $32.00 since its public debut, with the company's shares drawing a Strong Buy consensus rating from analysts covering the stock. Five analysts currently recommend buying the shares, with none recommending a sale, and the average 12-month price target sits at $45.25, implying substantial potential upside from current trading levels. Insider activity has also reflected confidence in the company's prospects, with board director David Charles Lubner disclosed as having made an open-market purchase of more than 55,000 shares at $18 apiece in early August, shortly after the company's public listing. Braveheart's backers include venture capital firm Andreessen Horowitz, which holds a significant ownership stake in the company through affiliated investment entities, according to regulatory filings disclosing beneficial ownership following the IPO. With patient screening now underway for the LIONHEART-HCM trial and dosing of the first patient targeted before the end of the year, investors are likely to continue watching closely for further updates on trial enrollment progress, alongside the planned initiation of the company's second Phase 3 program in non-obstructive hypertrophic cardiomyopathy expected in the first half of 2027, as the next major milestones likely to influence the stock's trajectory in the months ahead. MEET IBT NEWS FROM BELOW CHANNELS

Zolmax
Sep 14th, 2026
Braveheart Bio's quiet period ends tomorrow following $382.5M IPO

Braveheart Bio's quiet period will end on Tuesday, following its initial public offering on 6 August. The company issued 21.25 million shares at $18 per share, raising $382.5 million. During the quiet period, insiders and underwriters are prevented from issuing research reports under Securities and Exchange Commission regulations. Following the IPO, several analysts have initiated coverage. Cantor Fitzgerald issued an "overweight" rating with a $40 price target, whilst Jefferies Financial Group set a "buy" rating with a $48 price objective. Five analysts have issued buy ratings and one has issued a hold rating, resulting in an average rating of "moderate buy" and an average price target of $45.25. Braveheart Bio is a clinical-stage biopharmaceutical company developing therapies for hypertrophic cardiomyopathy and other cardiovascular diseases.

Recently Posted Jobs

Sign up to get curated job recommendations

Braveheart Bio is Hiring for 8 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs