17-Mar-2026
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Legal Probe Launched into Fortress Biotech as FDA Letter Raises Concerns
Market Chameleon (Thu, 2-Oct 7:23 AM ET)
Fortress Biotech Inc is a biopharmaceutical company. The firm is involved in the business of acquiring, developing, and commercializing pharmaceutical and biotechnology products. Its product portfolio encompasses Qbrexza, Accutane, Amzeeq, Zilxi, Targadox, Ximino, and Exelderm. The business activities of the group are functioned through Dermatology Product Sales, and Pharmaceutical and Biotechnology Product Development. It derives the majority of its revenues from Dermatology segment. Its subsidiaries also operate in biotechnology, pharmaceutical, oncology and therapeutics sectors.
Fortress Biotech trades on the NASDAQ stock market under the symbol FBIO.
As of March 17, 2026, FBIO stock price climbed to $3.12 with 244,882 million shares trading.
FBIO has a beta of 0.66, meaning it tends to be less sensitive to market movements. FBIO has a correlation of 0.02 to the broad based SPY ETF.
FBIO has a market cap of $96.84 million. This is considered a Micro Cap stock.
Last quarter Fortress Biotech reported $18 million in Revenue and $.11 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.66.
In the last 3 years, FBIO traded as high as $12.75 and as low as $1.24.
The top ETF exchange traded funds that FBIO belongs to (by Net Assets): VTI, VXF, IWC.
FBIO has outperformed the market in the last year with a price return of +78.3% while the SPY ETF gained +19.6%. However, in the short term, FBIO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.0% vs +0.2% return in SPY. But in the last 2 weeks, FBIO shares have fared better than the market returning +2.0% compared to SPY -1.4%.
FBIO support price is $2.95 and resistance is $3.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FBIO shares will trade within this expected range on the day.