EXHIBIT 21.1

​

SUBSIDIARIES OF FORTRESS BIOTECH, INC.

​

Subsidiaries of Fortress Biotech, Inc. at December 31, 2023, with jurisdiction of incorporation or formation:

​

●Aevitas Therapeutics, Inc. (Delaware)
●Avenue Therapeutics, Inc. (Delaware)
●Cellvation, Inc. (Delaware)
●Checkpoint Therapeutics, Inc. (Delaware)
●Cyprium Therapeutics, Inc. (Delaware)
●Helocyte, Inc. (Delaware)
●Journey Medical Corporation (Delaware)
●Mustang Bio, Inc. (Delaware)
●Oncogenuity, Inc. (Delaware)
●Urica Therapeutics, Inc. (Delaware)