Fortress Biotech, Inc.

Fortress Biotech, Inc.

Fortress Biotech, Inc.

Overview
Date Founded

2006

Headquarters

2 Gansevoort Street, 9th Floor, New York, NY, 10014, USA

Type of Company

Public

Employees (Worldwide)

88

Industries

Pharmaceuticals
Biotechnology

Company Description

Fortress Biotech, Inc. engages in the development and commercialization of novel pharmaceutical and biotechnology products. It operates through the following segments: Dermatology Product Sales, Pharmaceutical and Biotechnology Product Development, and National. The National segment consists of National Holdings Corporation, an independent brokerage company. The company was founded on June 28, 2006 in and is headquartered in New York, NY.

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Executives & Employees

Chairman, President & Chief Executive Officer

Interim Chief Executive Officer, President

Chief Financial Officer, Treasurer & Corporate Secretary

Director & Executive Vice Chairman, Strategic Development

Senior Vice President, Biologics Operations

Chief Executive Officer-Caelum BioSciences, Inc

Chief Executive Officer, Cyprium Therapeutics, Inc

Head of Operations

Vice President-Finance & Controller

Director

Board of Directors

Chairman, President & Chief Executive Officer at Fortress Biotech, Inc.

President at Rgenix, Inc.

Partner at Marks Paneth LLP

President & Chief Executive Officer at TG Therapeutics, Inc.

Co-Founder at Capital One Multifamily Finance LLC

Founder at Birmingham Hematology & Oncology Associates LLC

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Fortress Biotech, Inc.
Owners & Shareholders
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Opaleye Management's strategy for managing their fund is to actively invest, both long and short, in equity securities of biotechnology, specialty pharmaceutical and med-device companies. Typically, these are companies that are developing therapies and treatments intended for humans. The fund focuses its long investments in equity securities of companies that may not be profitable yet but whose share price may grow significantly in the near term or over a 1-2 year or longer period based on their therapeutic development and financial objectives. The fund also seeks to actively invest in stock and derivative transactions to profit from \"binary\" events, such as clinical data milestones or a US Food and Drug Administration (FDA) regulatory decision. Conversely, the fund seeks opportunities to short securities that have extended valuations relative to the marketplace. The fund generally invests in equity securities of US and foreign small and mid-cap companies.

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Opaleye Management's strategy for managing their fund is to actively invest, both long and short, in equity securities of biotechnology, specialty pharmaceutical and med-device companies. Typically, these are companies that are developing therapies and treatments intended for humans. The fund focuses its long investments in equity securities of companies that may not be profitable yet but whose share price may grow significantly in the near term or over a 1-2 year or longer period based on their therapeutic development and financial objectives. The fund also seeks to actively invest in stock and derivative transactions to profit from \"binary\" events, such as clinical data milestones or a US Food and Drug Administration (FDA) regulatory decision. Conversely, the fund seeks opportunities to short securities that have extended valuations relative to the marketplace. The fund generally invests in equity securities of US and foreign small and mid-cap companies.

Recent Transactions
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B. Riley Financial, Inc. purchases National Holdings Corp. from Fortress Biotech, Inc.

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Fortress Biotech, Inc. purchases National Holdings Corp.

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Fortress Biotech, Inc. issued Common Stock

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onFortress Biotech, Inc. raised money in a private placement transaction

Investment Advisor

Advised onFortress Biotech, Inc. raised money in a private placement transaction

Legal Advisor

Advised onFortress Biotech, Inc. purchases National Holdings Corp.

Legal Advisor

Advised onFortress Biotech, Inc. purchases National Holdings Corp.

Co-Chair, Corporate Practice

Advised onFortress Biotech, Inc. purchases National Holdings Corp.

Advisors & Consultants
Publicist
Clients

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Avenue Therapeutics, Inc. engages in acquiring, licensing, developing, and commercializing products for use in the intensive care hospital setting. It focuses on the development of intravenous tramadol, which is intended for the treatment of moderate to moderately severe post-operative pain. The company was founded on February 9, 2015 and is headquartered in New York, NY.

Key Stats and Financials As of 2018
Market Capitalization
$109M
Total Enterprise Value
$51.7M
Earnings Per Share
$-1.99
Revenue
$26.9M
TEVNet Income
-0.6x
Debt TEV
1.54x
Total Debt
$79.5M
Total Equity
$19.7M
Net Profit
$-86.5M
EBITDA
$-118M
Enterprise Value Sales
1.92x
EBITDAMargin
-438.73%
Three Year Compounded Annual Growth Rate Of Revenue
214.64%
Investments
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OrderGroove, Inc. provides subscription commerce solutions. It enables retailers to launch, manage and optimize programs. The firm's subscription retail platform empowers brands to provide a convenient, seamless customer experience while maximizing loyalty, recurring revenue and customer lifetime value. The company was founded by Greg Alvo in 2008 and is headquartered in New York, NY.

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SmartShoppr, Inc. provides a personalized shopping platforms. The firm delivers shopping services by capturing user's eCommerce footprint instantly through their email and using this information to drive a fun, personalized browsing application on the tablet. The company was founded by Saurin Shah and Ajay Subramanian in 2011 and is headquartered in Berkeley, CA.

Suppliers
Dana-Farber Cancer Institute, Inc. IT Consulting & Services | Boston, MA

Since its founding in 1947, Dana-Farber has been committed to providing adults and children with cancer with the best treatment available today while developing tomorrow's cures through cutting-edge research. Read about our history, our breakthroughs, and the resources that help us support the health of our neighborhoods and communities.

Jubilant Life Sciences Ltd. Pharmaceuticals | Noida, UP

Jubilant Life Sciences Limited, is an integrated Pharmaceutical & Life Sciences company. As India's largest Custom Research and Manufacturing Services (CRAMS) player and a leading Drug Discovery and Development Solutions provider out of India, it is constantly engaged in delivering value to its global customers through innovative technologies, products and services. The Company's strategic focus is to innovate, collaborate and accelerate the process of delivering products to the market for its customers. Today, it is well recognised as a Partner of Choice’ by leading global pharma and Life Sciences companies. The Company through its presence in India, USA, Canada, Europe and China constantly serves its customers spread across 90 countries.

City of Hope National Medical Center Government | Duarte, California

PROVIDE COMPASSIONATE MEDICAL CARE TO PEOPLE WITH CANCER AND OTHER LIFE-THREATENING DISEASES. SUPPORT RESEARCH THAT MAY BRING INNOVATIVE TREATMENTS TO PATIENTS.

Competitors
Almirall SA Pharmaceuticals - Barcelona, CT

Almirall SA engages in the development, manufacture, storage, commercialization and sale of pharmaceutical and cosmetic products, as well as of the raw materials used in production. The company operates through the following segments: Marketing through Own Network, Marketing by Licensees, Research and Development Activity, Therapeutic Area of Dermatology in the United States, and Corporate Management and Results not assigned to Other Segments. Its products include treatments for respiratory, autoimmune, dermatological and gastrointestinal diseases. The company was founded in 1943 and is headquartered in Barcelona, Spain.

Mayne Pharma Group Ltd. Pharmaceuticals - Salisbury, SA

Mayne Pharma Group Ltd. engages in the development and manufacture of proprietary and generic products. It operates through the following segments: Generic Products, Specialty Brands, Metrics Contract Services, and Mayne Pharma International. The Generic Products segment involves in the manufacture and distribution of generic and branded pharmaceutical products. The Metrics Contract Services segment provides contract pharmaceutical services. The Specialty brands segments includes the distribution of branded pharmaceutical products. The Mayne Pharma International segment offers manufacturing and selling of branded and generic pharmaceutical products and provides contract manufacturing services to third party customers within Australia. The company was founded in 1845 and is headquartered in Salisbury, Australia.

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