{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-009903","form_type":"8-K","ticker":"FBIO","cik":"0001429260","company_name":"Fortress Biotech, Inc.","filed_at":"2024-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.031375+00:00","generated_at":"2026-05-31T18:59:45.123744+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fortress Biotech's Urica sells gout drug dotinurad to Crystalys for 35% equity and 3% royalty","bullets":["Urica sold its URAT1 inhibitor dotinurad (gout treatment) and related IP to Crystalys Therapeutics.","Urica received 35% of Crystalys' outstanding equity; cannot be diluted below 15% until Crystalys raises $150M in equity.","Urica gets a securitized 3% royalty on future net sales of dotinurad plus nominal cost reimbursements.","Urica has the right to appoint one director and one board observer to Crystalys' board.","Crystalys must use commercially reasonable efforts to develop and commercialize dotinurad."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-009903","json":"https://secwatch.observer/filing/0001558370-24-009903.json","markdown":"https://secwatch.observer/filing/0001558370-24-009903.md","text":"https://secwatch.observer/filing/0001558370-24-009903.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1429260/000155837024009903/0001558370-24-009903-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1429260/000155837024009903/fbio-20240715x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:59:45.123744+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}