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BRVE — Braveheart Bio Inc.

BRVE (Braveheart Bio Inc.) stock: $18.60, $1.67B market cap, $474.0M cash, $1.20B EV, $1.89B fully diluted market cap. Next expected readout: Oct-28. Lead program: BHB-1893 (Cardiomyopathy, Hypertrophic Obstructive), Phase 3. Data from Fully Diluted's biotech stocks database.

What they do

The Company is a clinical-stage biopharmaceutical company dedicated to developing therapeutics to treat hypertrophic cardiomyopathy (“HCM”) and related conditions by targeting overactive proteins within the heart.

Source: 10-Q FY2026 via SEC EDGAR

Share price
$18.60
Market cap
$1,674.7M
Cash
$474.0M
Enterprise value
$1,200.7M

Balance sheet

Cash$474.0M
Debt$0.0M
Net cash$474.0M
Enterprise value$1,200.7M
Basic shares90.0M shares
Fully diluted shares101.8M shares
Fully diluted market cap$1,893.7M
Cash per share$5.26
Quarterly burn$11.1M
Cash runway42.8 quarters

Cash figures as of 2026-08-05. Database snapshot: 2026-11-07.

Share structure

Common
90.0M
Pre-funded warrants
0.0M
Options
2.5M
RSUs
8.4M
Warrants
0.0M
Converts
0.0M
Conv preferred
0.0M
ESPP reserve
0.9M
FDSO
101.8M

Cap table as of 2026-06-30.

Price history

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Next catalyst

BHB-1893 · Est. Sep 30, 2027 · half midpoint · guided in 8 mo

Recently reported

BHB-1893 Phase 2 Positive · 2026-11-06
BHB-1893 · cardiomyopathy, hypertrophic obstructive
Primary: Long-term efficacy and safety in the 52-week open-label extension of the Phase 2 study in obstructive hypertrophic cardiomyopathy: exercise capacity (peak oxygen uptake, pVO2), patient-reported outcomes (KCCQ-CSS), and Valsalva left ventricular outflow tract gradient (LVOT-G) — 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; 79% (33/42) of patients achieved a Valsalva LVOT gradient (LVOT-G) below 30 mmHg
· All 42 patients restarted HRS/BHB-1893 for an additional 52 weeks in the OLE after the 12-week core period and a washout period
· 70% of patients achieving a ≥1.5 mL/kg/min improvement in pVO2 and 50% achieving a ≥3.0 mL/kg/min improvement at Week 52
· 45% of patients achieving a ≥20-point improvement in KCCQ-CSS at Week 52
· 60% of patients achieved New York Heart Association (NYHA) Class I after 52 weeks of treatment
· 90% of patients achieving 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 twice-daily (BID) starting dose, and an additional 19% (8/42) were maintained on 60 mg BID at end of study
Safety: 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 were mild or moderate, no adverse events led to permanent study drug discontinuation, and two patients had transient reductions in LVEF below 50% (48% and 49% site-measured) and resumed treatment at a lower dose
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