Forte Biosciences Inc (OQ:FBRX)
Business Focus: Bio Therapeutic Drugs
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Company News
Mar 18, 2024 16:05 ET
Forte Biosciences, Inc. Announces 2023 Results and Provides Business Update
Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases, today announced its 2023 results and provided a business update.
Dec 01, 2023 16:01 ET
Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules
Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a biopharmaceutical company focused on autoimmune diseases today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules.
Valuation Ratios
Industry
Sector
Beta
0.47
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Price to Sales - TTM
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6.07
3.19
Price to Book - most recent quarter
0.76
2.14
2.08
Price to Cash Flow per share - TTM
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17.43
13.59
Price to Free Cash Flow per share - TTM
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19.65
23.62
Business Summary
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company focused on autoimmune and autoimmune-related diseases. The Company is advancing its product candidate, FB-102, which is a proprietary molecule with potentially broad autoimmune applications, including in such indications as graft-versus-host disease (GvHD), vitiligo, and alopecia areata (AA). The Company's FB-102 program focuses on addressing key pathways implicated in these indications with a CD122 antagonist. CD122 is a subunit of IL-2/IL-15 receptors which are key regulators of NK cells and T cell subsets. It owns one United States patent for administering a combination of Gram-positive and Gram-negative bacteria along with metabolites for treatment of a wide variety of skin conditions. The Company's subsidiaries include Forte Subsidiary, Inc., Forte Biosciences Emerald Limited, and Forte Biosciences Australia Pty Ltd.
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