Journey Medical Corporation Announces U.S. FDA Approval of Emrosi (Minocycline Hydrochloride Extended Release Capsules, 40 mg) for the Treatment of Rosacea

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Checkpoint Therapeutics Announces FDA Acceptance of BLA Resubmission of Cosibelimab for the Treatment of Advanced Cutaneous Squamous Cell Carcinoma; PDUFA goal date of December 28, 2024

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Fortress Biotech Reduces Total Debt and Enters into New $35 Million Term Loan with Oaktree with Maturity in 2027
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An Innovative Biopharmaceutical Company Building a Diversified Pipeline of Revenue-Generating Pharmaceutical Products and Development-Stage Product Candidates

At Fortress Biotech, Inc., we leverage our extensive biopharmaceutical business and comprehensive drug development expertise to build a pipeline of both commercial-stage products and development-stage product candidates, as well as to advance our products and pipeline as efficiently as possible with our partners.

A Robust, Late-Stage Product Pipeline

Over 20 Programs in Development

We are dedicated to developing novel therapies and solutions for a wide variety of patients in need. Our pipeline of 20+ programs developed across our partner companies spans several large-market therapeutic areas and includes multiple late-stage product candidates.

Diverse Therapeutic Areas

  • Oncology / Hematology
  • Gene Therapy
  • Neurology
  • Pain Management
  • Rare Diseases
  • Infectious Diseases
  • Dermatology
  • CNS Disorders
  • Rheumatology

Our Current Programs1

Commercial

Candidate Indication Partnership2 Preclinical Phase 1 Phase 2 Phase 3 NDA/BLA Filed Marketed

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

Acne

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

Fungal Infections

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

Wounds

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

Recalcitrant Nodular Acne

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress
  • 1. Portfolio includes product candidates in development at Fortress, at its majority-owned and majority-controlled partners, and partner companies that Fortress may otherwise have an economic interest in
  • 2. Column reflects approximate percentage ownership in Fortress partner company and corresponding direct product sales royalties owed to Fortress estimated as of March 31, 2024 or date of most recent public ownership filings for partner companies.

IMPORTANT SAFETY INFORMATION FOR ACCUTANE® (ISOTRETINOIN)

CONTRAINDICATIONS AND WARNINGS

Accutane® must not be used by patients who are or may become pregnant. There is an extremely high risk that severe birth defects will result if pregnancy occurs while taking Accutane in any amount, even for short periods of time. Potentially any fetus exposed during pregnancy can be affected. There are no accurate means of determining whether an exposed fetus has been affected.

Late Stage Product Candidates

Candidate Indication Partnership; Royalty2 Preclinical Phase 1 Phase 2 Phase 3 NDA/BLA Filed Marketed

Rosacea

48% Journey Medical Corporation

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase complete
Marketed Phase in progress

Cosibelimab

Recurrent or Metastatic Cancers

10% Checkpoint; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase in progress
Marketed Phase not started

CUTX-101

Menkes Disease

75% of Cyprium; 3% - 12.5% royalty payable to Cyprium from partner Sentynl3 | 2.5% Annual Equity Dividend

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase in progress
NDA/BLA Filed Phase not started
Marketed Phase not started

IV Tramadol

Post-Operative Acute Pain Management

Many patients who undergo surgical procedures experience severe postoperative pain. IV Tramadol is being developed as a potential treatment for pain management following surgery, including abdominoplasty and bunionectomy.

Abdominoplasty, or more commonly referred to as a “tummy tuck,” is a cosmetic surgical procedure in which excess skin and fat is removed from the abdomen, resulting in a smoother and firmer abdomen. A bunionectomy is a surgical procedure to remove a bunion from a patient’s foot. Depending on the complexity of these surgeries, some patients will experience severe postoperative pain.

4% Avenue; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase complete
NDA/BLA Filed Phase in progress
Marketed Phase not started

Olafertinib

Frontline NSCLC with EGFR Mutations

10% Checkpoint; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CAEL-101 4

AL Amyloidosis

42% of future proceeds to Caelum from AstraZeneca

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase complete
Phase 3 Phase in progress
NDA/BLA Filed Phase not started
Marketed Phase not started

Triplex

Cytomegalovirus (CMV)

83% Helocyte; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase complete
Phase 2 Phase in progress
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started
  • 1. Portfolio includes product candidates in development at Fortress, at its majority-owned and majority-controlled partners, and partner companies that Fortress may otherwise have an economic interest in
  • 2. Column reflects approximate percentage ownership in Fortress partner company and corresponding direct product sales royalties owed to Fortress estimated as of March 31, 2024 or date of most recent public ownership filings for partner companies.
  • 4. AstraZeneca’s Alexion acquired Caelum Biosciences on 10/5/2021 for up to $500 million, including $150 million upfront and up to $350 million in future contingent milestone payments. FBIO received ~$56.9 million of such upfront amount and is eligible to receive ~42% of the proceeds from all future milestone payments.

Early Stage Product Candidates

Candidate Indication Partnership; Royalty2 Preclinical Phase 1 Phase 2 Phase 3 NDA/BLA Filed Marketed

MB-106

B-cell Non-Hodgkin Lymphoma and Chronic Lymphocytic Leukemia (CLL)

7% Mustang; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

Dotinurad

Gout and Chronic Kidney Disease

68% of Urica; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

AJ201

Spinal and Bulbar Muscular Atrophy (SBMA)

4% Avenue; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

MB-101

Recurrent Glioblastoma (GBM)

7% Mustang; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

MB-108

Recurrent Glioblastoma (GBM)

7% Mustang; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

BAER-101

CNS Disorders

4% Avenue; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase complete
Phase 1 Phase in progress
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started
  • 1. Portfolio includes product candidates in development at Fortress, at its majority-owned and majority-controlled partners, and partner companies that Fortress may otherwise have an economic interest in
  • 2. Column reflects approximate percentage ownership in Fortress partner company and corresponding direct product sales royalties owed to Fortress estimated as of March 31, 2024 or date of most recent public ownership filings for partner companies.

Preclinical

Candidate Indication Partnership; Royalty2 Preclinical Phase 1 Phase 2 Phase 3 NDA/BLA Filed Marketed

MB-109

Recurrent GBM and Anaplastic Astrocytoma

7% Mustang 4.5% Royalty 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

AAV.sFH

Complement-Mediated Diseases

Asset sold to 4DMT in April 2023 ~$140M in potential future milestone proceeds plus royalties4

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

AAV-ATP7A Gene Therapy

Menkes Disease

75% of Cyprium; 2.5% Annual Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CK-103

Multiple Solid Tumors

10% Checkpoint; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CEVA-102

Traumatic Brain Injury (TBI)

79% of Cellvation; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CK-302

Multiple Solid Tumors

10% Checkpoint; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CK-303

Multiple Solid Tumors

10% Checkpoint; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started

CEVA-D

Traumatic Brain Injury (TBI)

79% Cellvation; 4.5% Royalty | 2.5% Equity Dividend

Preclinical Phase in progress
Phase 1 Phase not started
Phase 2 Phase not started
Phase 3 Phase not started
NDA/BLA Filed Phase not started
Marketed Phase not started
  • 1. Portfolio includes product candidates in development at Fortress, at its majority-owned and majority-controlled partners, and partner companies that Fortress may otherwise have an economic interest in
  • 2. Column reflects approximate percentage ownership in Fortress partner company and corresponding direct product sales royalties owed to Fortress estimated as of March 31, 2024 or date of most recent public ownership filings for partner companies.
  • 4. 4D Molecular Therapeutics acquired Aevitas’ short-form human factor H asset in April 2023 for up to ~$140 million in potential milestones and additional royalties on net sales.

World-Class Partners

We have established relationships with some of the world's leading academic research institutions and biopharmaceutical companies.

Alexion Pharmaceuticals, Inc.
Logo for Alexion Pharmaceuticals, Inc.

Alexion Pharmaceuticals, Inc.

In January 2019, Caelum Biosciences, Inc., a Fortress Biotech partner company, signed an agreement with Alexion Pharmaceuticals, Inc. to advance the development of CAEL-101 for light chain (AL) amyloidosis. The collaboration leverages Alexion’s expertise in rare disease antibody development and commercial franchise in hematology.

AstraZeneca
Logo for AstraZeneca

AstraZeneca

AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines used by millions of patients worldwide. In December 2019, we entered into an exclusive worldwide licensing agreement with AstraZeneca for BAER-101 (formerly known as AZD7325), a novel α2/3–subtype-selective GABA A positive allosteric modulator (“PAM”). BAER-101 is currently in development at our partner company, Baergic Bio, Inc., a biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of central nervous system (“CNS”) disorders.

City of Hope
Logo for City of Hope

City of Hope

City of Hope is a world-renowned independent cancer research and treatment center. Our partner company Mustang Bio, Inc. entered into exclusive, worldwide licensing agreements with City of Hope on patents covering five novel CAR T cell therapies in development for multiple forms of cancer: MB-101 (IL-13Rα2 CAR T), MB-102 (CD123 CAR T), MB-103 (HER2 CAR T), MB-104 (CS1 CAR T) and MB-105 (PSCA CAR T). These CAR T cell therapies are currently in clinical development at City of Hope and supported by Mustang Bio, Inc. Another partner company, Helocyte, Inc., entered into exclusive, worldwide licensing agreements with City of Hope for the use of Triplex and ConVax, two novel immunotherapies to prevent and control cytomegalovirus (CMV).

Fred Hutchinson Cancer Research Center
Logo for Fred Hutchinson Cancer Research Center

Fred Hutchinson Cancer Research Center

In September 2017, we entered into an exclusive, worldwide licensing agreement with Fred Hutchinson Cancer Research Center for the use of MB-106, a CAR T therapy related to autologous T cells engineered to express a CD20-specific chimeric antigen receptor (CD20 Technology). MB-106 is currently in development at our partner company, Mustang Bio, Inc.

Nationwide Children’s Hospital
Logo for Nationwide Children’s Hospital

Nationwide Children’s Hospital

In February 2019, we entered into an exclusive worldwide license agreement with Nationwide Children’s Hospital to develop MB-108, an oncolytic virus (C134) for the treatment of glioblastoma multiforme. MB-108 is currently in development at our partner company, Mustang Bio, Inc.

The University of Texas Health Science Center at Houston
Logo for The University of Texas Health Science Center at Houston

The University of Texas Health Science Center at Houston

In November 2016, we entered into an exclusive worldwide license agreement with The University of Texas Health Science Center at Houston (UTHealth) to secure rights to three programs for the treatment of traumatic brain injury (TBI), including two Phase 2 cell therapies (CEVA-101 pediatric and adult), CEVA-102 and a next-generation bioreactor called CEVA-D that enhances the anti-inflammatory potency of bone marrow‐derived cells without genetic manipulation. CEVA-101 is currently in development at our partner company, Cellvation, Inc.

Cincinnati Children’s Hospital Medical Center

Cincinnati Children’s Hospital Medical Center

Cincinnati Children’s is one of the oldest and most distinguished pediatric hospitals in the United States. In December 2019, we entered into an agreement with Cincinnati Children’s to advance clinical development of BAER-101, a novel α2/3–subtype-selective GABA A positive allosteric modulator (“PAM”), in select central nervous system (“CNS”) disorders. BAER-101 is currently in development at our partner company, Baergic Bio, Inc., a biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of CNS disorders.

Stock Information