Shares of Fortress Biotech Inc. (FBIO) hit a new 52-week high of $2.51 yesterday on rising investor optimism as the company prepares for a regulatory catalyst.
This biopharmaceutical company is focused on acquiring and advancing assets to enhance long-term value for shareholders through product revenue, equity holdings, and dividend and royalty revenue streams. Its subsidiary and partner companies that are pursuing development and/or commercialization of biopharmaceutical products and product candidates are: Journey Medical Corporation (DERM), Mustang Bio Inc. (MBIO), Avenue Therapeutics Inc. (ATXI.OB), Baergic Bio Inc., Cellvation Inc., Cyprium Therapeutics Inc., Helocyte Inc., Oncogenuity Inc., and Urica Therapeutics Inc. Checkpoint Therapeutics Inc., previously a partner company, was acquired by Sun Pharma in May 2025.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.