Fortress Biotech Announces Closing of Sale of Subsidiary Checkpoint Therapeutics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Should l Buy FBIO?
Source: Newsfilter
Acquisition Announcement: Fortress Biotech's subsidiary, Checkpoint Therapeutics, has been acquired by Sun Pharmaceutical Industries for $4.10 per share, with potential additional payments based on the approval of their drug UNLOXCYT™ in Europe.
Financial Impact and Future Plans: Fortress will receive approximately $28 million from the deal and a 2.5% royalty on net sales of UNLOXCYT, while also focusing on advancing other products in its pipeline, including CUTX-101, which is awaiting FDA approval.
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Analyst Views on FBIO
Wall Street analysts forecast FBIO stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.490
Low
4.50
Averages
10.75
High
17.00
Current: 3.490
Low
4.50
Averages
10.75
High
17.00
About FBIO
Fortress Biotech, Inc. is a biopharmaceutical company focused on acquiring and advancing assets. The Company has eight marketed prescription pharmaceutical products and over 20 programs in development, with its majority-owned and majority-controlled partners and subsidiaries and partners and subsidiaries it founded and in which it holds significant minority ownership positions. Its portfolio is being commercialized and developed for various therapeutic areas, including oncology, dermatology, and rare diseases. Its dermatology products include Emrosi, Qbrexza, Amzeeq, Zilxi, Exelderm, Targadox, and Luxamend. Its late-stage product candidates include CUTX-101 (copper histidinate injection for Menkes disease), Triplex (cytomegalovirus (CMV) vaccine), and CAEL-101 (monoclonal antibody for AL amyloidosis). Its early and mid-stage product candidates include Dotinurad (urate transporter (URAT1) inhibitor for gout), MB-101 (IL13Rα2 CAR T Cell Program for Glioblastoma), and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Survival Improvement: Clinical data shows an almost 80% reduction in death risk for patients receiving early treatment, with a median overall survival of 177.1 months in the treated group compared to just 17.6 months in controls, demonstrating ZYCUBO's effectiveness.
- Priority Review Voucher: The FDA also granted Cyprium a Rare Pediatric Disease Priority Review Voucher (PRV), providing financial support for further development and eligibility for up to $129 million in development and sales milestone payments.
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