Recent Corporate announcements
Recent Corporate Events:
**Obtained exclusive license to an intravenous (IV) formulation of tramadol for the U.S. market from Revogenex Ireland Ltd. and formed a Fortress Company, Avenue Therapeutics, Inc., to acquire, in-license, develop and commercialize products primarily for the U.S. hospital market. In addition to IV tramadol, Avenue Therapeutics plans to seek additional products.
**Formed a new Fortress Company, Checkpoint Therapeutics, Inc., to develop a portfolio of fully human immuno-oncology targeted antibodies created in the laboratory of Dr. Wayne Marasco, MD, PhD, a Professor in the Department of Cancer Immunology and AIDS at Dana-Farber Cancer Institute. Dr. Marasco will chair the Scientific Advisory Board of Checkpoint Therapeutics.
**Executed an exclusive license agreement with NeuPharma, Inc. to develop and commercialize novel irreversible, 3rd-generation EGFR inhibitors on a worldwide basis outside of certain Asian countries. The program is currently in preclinical development.
**Formed a new Fortress Company, Mustang Bio, Inc., which will initially focus on the preclinical and clinical development, as well as commercialization of proprietary Chimeric Antigen Receptor (CAR-T) technology. This portfolio of CAR-T cells was developed by Dr. Steven Forman and Dr. Christine Brown at City of Hope National Medical Center in Duarte, California.
**Formed a new Fortress Company, DiaVax Biosciences, to develop novel immunotherapies for the prevention and treatment of cytomegalovirus (CMV), a common virus that affects people of all ages and can cause serious morbidity and mortality in hematopoietic stem cell and solid organ transplants. The licensed immunotherapies were developed in the laboratory of Don J. Diamond, Ph.D. of City of Hope National Medical Center in Duarte, California. Dr. Diamond will chair DiaVax's Scientific Advisory Board.
**Changed its name to Fortress Biotech, Inc. from Coronado Biosciences, Inc., effective at the open of market on April 28, 2015, with the new NASDAQ stock ticker FBIO