Fortress Biotech (NASDAQ:FBIOP – Get Free Report) is projected to post its results before the market opens on Monday, August 17th. Analysts expect the company to post earnings of ($0.20) per share and revenue of $18.30 million for the quarter.
Fortress Biotech Price Performance
Shares of NASDAQ:FBIOP opened at $19.88 on Monday. Fortress Biotech has a 1-year low of $6.27 and a 1-year high of $21.43. The business’s 50 day moving average is $19.67 and its 200-day moving average is $15.75.
Fortress Biotech Company Profile
Fortress Biotech, Inc (NASDAQ: FBIOP) is a biopharmaceutical company that acquires, develops and commercializes innovative therapeutics for the treatment of patients with serious diseases. Operating as a biotech accelerator, Fortress Biotech partners with experienced management teams to advance products from early-stage discovery through regulatory approval and commercial launch. Its diversified portfolio spans multiple therapeutic areas, including oncology, rare diseases, dermatology, ophthalmology and neuromuscular disorders.
The company’s business model centers on establishing and funding product-centric subsidiary companies, each focused on a specific drug candidate or therapy.
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