Fortress Biotech's stock soars after Menkes treatment granted fast track designation [MarketWatch]
Fortress Biotech, Inc. (FBIO)
Last fortress biotech, inc. earnings: 11/12 07:30 am
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Source: MarketWatch
Fortress Biotech's stock soars after Menkes treatment granted fast track designation Shares of Fortress Biotech Inc. FBIO, +7.05% soared 11% in premarket trade Monday, after the biopharmaceutical company after its treatment for Menkes disease was granted fast track designation by the Food and Drug Administration. The FDA's fast track program helps expedite development and potential approval of drugs to treat serious conditions and that address unmet needs. Menkes disease affects copper levels in the body, and is characterized by failure to gain weight and grow, and deterioration of the nervous system. The fast track designation was granted to Fortress subsidiary Cyprium Therapeutics' Copper Histidinate, or CUTX-101. Fortress' stock had tumbled 25% year to date through Friday, while the iShares Nasdaq Biotechnology ETF IBB, -0.69% had gained 2.9% and the S&P 500 SPX, -0.52% had edged up 1.7%.
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News
- Congruence Therapeutics Appoints Frank Taffy as Chief Business Officer [Yahoo! Finance]Yahoo! Finance
- Fortress Biotech, Inc. (NASDAQ: FBIO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Fortress Biotech, Inc. (NASDAQ: FBIO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Fortress Biotech Reports 2023 Financial Results and Recent Corporate Highlights [Yahoo! Finance]Yahoo! Finance
- Fortress Biotech Reports 2023 Financial Results and Recent Corporate HighlightsGlobeNewswire
FBIO
Earnings
- 11/14/23 - Beat
FBIO
Sec Filings
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- 4/5/24 - Form 424B3
- FBIO's page on the SEC website