Execution Risks Threaten Forte Biosciences–argenx Merger and Shareholder Value
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argenx Announces Commencement of Tender Offer to Acquire Forte Biosciences, Inc.
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Forte Biosciences Inc is a clinical-stage biopharmaceutical company that is advancing through preclinical trials its product candidate, FB-102, which is a proprietary anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications. The Company is also advancing clinical development of FB102 in patient-based trials for non-segmental vitiligo and alopecia areata.
Forte Biosciences trades on the NASDAQ stock market under the symbol FBRX.
As of August 17, 2026, FBRX stock price climbed to $76.89 with 517,911 million shares trading.
FBRX has a beta of 0.25, meaning it tends to be less sensitive to market movements. FBRX has a correlation of 0.00 to the broad based SPY ETF.
FBRX has a market cap of $1.63 billion. This is considered a Small Cap stock.
In the last 3 years, FBRX traded as high as $77.20 and as low as $4.11.
The top ETF exchange traded funds that FBRX belongs to (by Net Assets): IWM, IWO, VTI, IWC, ATFV.
FBRX has outperformed the market in the last year with a return of +610.6%, while the SPY ETF gained +21.0%. In the last 3 month period, FBRX beat the market returning +220.9%, while SPY returned +3.5%. However, in the most recent 2 weeks FBRX has underperformed the stock market by returning +0.4%, while SPY returned +3.4%.
FBRX support price is $72.72 and resistance is $80.94 (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 FBRX shares will trade within this expected range on the day.