EXHIBIT 21.1
SUBSIDIARIES OF FORTRESS BIOTECH, INC.
Subsidiaries of Fortress Biotech, Inc. at December 31, 2021, with jurisdiction of incorporation or formation:
|  | ● | Aevitas Therapeutics, Inc. (Delaware) | 
|  | ● | Avenue Therapeutics, Inc. (Delaware) | 
|  | ● | Baergic Bio, Inc. (Delaware) | 
|  | ● | Cellvation, Inc. (Delaware), formerly FBIO Acquisition Corp. I | 
|  | ● | Checkpoint Therapeutics, Inc. (Delaware) | 
|  | ● | Cyprium Therapeutics, Inc. (Delaware) | 
|  | ● | Helocyte, Inc. (Delaware), formerly DiaVax Biosciences, Inc. | 
|  | ● | Journey Medical Corporation (Delaware) | 
|  | ● | Mustang Bio, Inc. (Delaware) | 
|  | ● | Oncogenuity, Inc. (Delaware), formerly FBIO Acquisition Corp. VI | 
|  | ● | FBIO Acquisition Corps. IX – L (Delaware) |