/Companies

Fortress Biotech

NASDAQ: FBIO

New York, US · Delaware corporation · 1 known investors

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Fortress Biotech is a biopharmaceutical company that acquires and advances assets across therapeutic areas including oncology, dermatology, and rare diseases, generating value through product revenue, equity holdings, and dividend and royalty income. The company operates a portfolio of marketed prescription pharmaceutical products and development programs through majority-owned subsidiaries and minority ownership positions in partner companies.

Founders & leadership

LALindsay A. Rosenwald
Lindsay A. RosenwaldChief Executive OfficerLindsay Rosenwald is a physician and executive with over 30 years in life sciences, who has worked in venture capital, direct investing, and investment banking. He graduated from Pennsylvania State University with a bachelor's degree in finance and economics and holds a medical degree; throughout his career, he has led the development of multiple clinical-stage medicines, several of which received FDA approval across oncology, psychiatry, and other therapeutic areas.
MSMichael S. Weiss
Michael S. WeissExecutive
GAGeorge Avgerinos
George AvgerinosExecutive
LL
Lucy LuChief Strategy OfficerLucy Lu has held CFO, COO, and CEO positions at private and public biotechnology companies across multiple therapeutic areas, and previously worked as a senior equity research analyst covering small- to mid-cap biotech firms. She brings expertise in biotech asset evaluation, clinical development, regulatory strategy, business development, and capital markets.

Board

EK
Eric K. RowinskyBoard director
DK
Dov KleinBoard director
JH
Jimmie Harvey, Jr.Board director
MH
Malcolm HoenleinBoard director
JJ
J. Jay LobellBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$9.8M disclosed across 2 of 6 rounds · 1900–2026

▶$6.5MraisedMar 2018 · 2 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • J. Jay LobellDirector
  • George AvgerinosExecutive Officer
  • Dov KleinDirector
  • Malcolm HoenleinDirector
  • Jimmie Harvey, Jr.Director
  • Eric K. RowinskyDirector
  • Michael WeissExecutive Officer, Director
  • Robyn HunterExecutive Officer
  • Lindsay A. RosenwaldExecutive Officer, Director
Offering amount
$30M
Amount sold
$6.5M
Sales commissions
$521.4K
Placement agents
National Securities Corporation
First sale
Feb 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.3MraisedApr 2017 · 2 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Eric K. RowinskyDirector
  • Lindsay A. RosenwaldExecutive Officer, Director
  • Michael S. WeissDirector
  • Dov KleinDirector
  • Jimmie Harvey, Jr.Director
  • Malcolm HoenleinDirector
  • J. Jay LobellDirector
  • George AvgerinosExecutive Officer
  • Lucy LuExecutive Officer
Amount sold
$3.3M
Sales commissions
$325.4K
Placement agents
National Securities Corporation
First sale
Mar 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$118.1Mvaluation at IPOJun 2012 · $5.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

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In the news

Frequently asked questions

What does Fortress Biotech do?
Fortress Biotech is a biopharmaceutical company that acquires and advances assets across therapeutic areas including oncology, dermatology, and rare diseases, generating value through product revenue, equity holdings, and dividend and royalty income. The company operates a portfolio of marketed prescription pharmaceutical products and development programs through majority-owned subsidiaries and minority ownership positions in partner companies.
Who are Fortress Biotech's investors?
Fortress Biotech's investors include Frazier Life Sciences.
How much funding has Fortress Biotech raised?
Fortress Biotech has disclosed $9.8M raised across 2 of its 6 known rounds.
Where is Fortress Biotech headquartered?
Fortress Biotech is headquartered in New York, US.