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Forte Biosciences acquired by argenx for $77.00/share, ~$2.2B; delisting planned
Tender offer accepted 19,894,879 shares (~87.13% of outstanding) at $77.00/share cash.
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argenx to acquire Forte Biosciences for $77/share (~$2.2B); adds anti-CD122 antibody FB102
argenx to acquire Forte Biosciences for $77/share in cash, total equity value ~$2.2B.
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Forte Biosciences reports positive Phase 1b vitiligo results for FB102; statistically significant FVASI improvement
FB102 achieved 29.6% mean FVASI improvement from baseline at week 24 (p=0.020) vs placebo 7.9% improvement.
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Forte Biosciences stockholders approve amended equity plan adding 1.85M new shares
Approved A&R 2021 Equity Incentive Plan with 1,850,000 newly requested shares; total reserve 5,190,000.
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Forte Q1 net loss $22.1M; FB102 gets FDA Fast Track; raised $172.5M in April
Q1 2026 net loss $22.1M ($1.24 per share); cash $58.2M at March 31, 2026.
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Forte Biosciences prices $150M public offering of 5.7M shares at $26.27/share
Pricing of 5,709,936 shares at $26.27 per share for gross proceeds of ~$150M.
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Forte Biosciences reports FY2025 net loss $69.4M, cash $77M; celiac Phase 2 data due 2026
Net loss $69.4M ($4.71/shr) vs $35.5M ($12.17/shr) in 2024; R&D expenses $58.2M, up from $21.2M.
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Forte Biosciences Q3 net loss $17.7M; cash $93.4M; three FB102 readouts in 2026
Net loss of $17.7M ($0.99 per share) for Q3 2025 vs $8.4M loss in Q3 2024.
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Forte Biosciences Q2 net loss $0.96/share; $106.1M cash; three FB102 trials on track for 2026 data
Net loss per share $(0.96) vs $(6.78) YoY; R&D expenses $8.6M up from $5.7M driven by clinical trials.
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Forte Biosciences prices $75M public offering of stock and warrants
Priced 5,630,450 shares at $12.00/share and 619,606 pre-funded warrants at $11.999/warrant.
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Forte Biosciences reports positive Phase 1b data for FB102 in celiac disease; Phase 2 initiating
Composite histological VCIEL endpoint met: FB102 mean change 0.079 vs placebo -1.849 (p=0.0099).
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Forte Biosciences annual meeting elects directors; auditor ratification approved
Elected Richard Vincent, Shiv Kapoor, and David Gryska as Class II directors until 2028.
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Forte Biosciences Q1 net loss $1.37/share; FB102 celiac data expected, vitiligo trial dosed
Net loss per share ($1.37) vs ($4.03) YoY; net loss $15.7M on R&D spend of $12.7M.
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Forte Biosciences sets annual meeting for May 29, 2025; proposals due April 28
Annual meeting scheduled for May 29, 2025, more than 30 days before the 2024 anniversary.
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Forte Biosciences FY2024 net loss $35.5M; FB102 celiac trial topline expected Q2 2025
FY2024 net loss $35.5M ($12.17 diluted EPS); operating expenses $36.6M vs $32.5M in 2023.
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Forte Biosciences stockholders approve amended equity plan adding 3.34M shares
Stockholders approved A&R 2021 Equity Incentive Plan on Jan 24, 2025; 2.19M for, 0.47M against, 1.38M abstain.
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Forte Biosciences hosts R&D Day focusing on FB102 autoimmune updates
R&D Day held December 3, 2024 highlighting FB102 development in autoimmune indications.
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Forte Biosciences raises $53M in oversubscribed private placement for FB102 clinical development
Gross proceeds ~$53M from shares and pre-funded warrants to institutional investors including OrbiMed, Janus Henderson, Tybourne.
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Forte Biosciences advances FB102 into celiac trial; Q3 net loss $8.4M
Dosing begun in celiac disease trial; topline data expected Q2 2025.
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Forte Biosciences appoints Richard Vincent and Shiv Kapoor to board; settles Camac lawsuit for $1.5M
Donald A. Williams and Lawrence Eichenfield resigned from board effective Sept 17, 2024, not due to any disagreement.
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Forte Biosciences implements 1-for-25 reverse stock split effective August 28, 2024
Reverse stock split at 1-for-25 ratio effective 8:00 a.m. ET on August 28, 2024.
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Forte Biosciences secures shareholder approval for 1-for-25 reverse split effective Aug 28
Reverse stock split ratio set at 1-for-25; effective Aug 28, 2024, with new CUSIP 34962G 208.
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Forte Biosciences Q2 net loss $(0.27)/share; FB102 phase 1 done, celiac study starts
Net loss per share $(0.27) for Q2 2024 vs $(0.42) for Q2 2023; six-month loss $(0.43) vs $(0.74).
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Forte settles shareholder suit; board expands to 9, Camac appoints 2 directors, poison pill expires July 2024
Board expands to nine seats; one incumbent director resigns; two Camac-selected directors appointed from five-company-identified candidates.
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Forte Biosciences Q1 net loss $0.16/shr; cash $30.4M; FB102 SAD completed, MAD ongoing
Net loss $7.4M ($0.16/shr) vs $6.8M ($0.32/shr) in Q1 2023; weighted avg shares 46.1M (incl. pre-funded warrants).
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Forte Biosciences reports FY 2023 net loss of $31.5M; FB-102 advances to MAD cohort
Net loss of $31.5M ($1.00 per share) vs. $13.9M ($0.80) in FY 2022, driven by increased R&D spend.
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Forte Biosciences board sets advisory vote on executive pay every three years
Stockholders at Sept. 19, 2023 annual meeting cast highest votes for annual say-on-pay, second highest for triennial.
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Forte Biosciences appoints KPMG as new independent auditor for FY2023
Audit Committee approved KPMG LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2023.
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Forte Biosciences reports final 2023 annual meeting results; say-on-pay fails
Two Class III directors elected: Eichenfield (16.4M for) and Wagner (16.8M for); McIntyre and Hacke not elected.
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Forte Biosciences receives Nasdaq bid price deficiency notice; 180 days to comply
Received Nasdaq notice on Sept 14, 2023 for bid price below $1.00 for 30 consecutive business days.
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Forte Biosciences annual meeting: two directors elected, say-on-pay fails, equity plan approved
Preliminary vote shows Eichenfield (16.4M for) and Wagner (16.8M for) elected; McIntyre and Hacke not elected.
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Auditor Mayer Hoffman McCann declines reappointment; FY2022 tax-provision controls deemed ineffective
MHM will not stand for re-appointment for FY2024; will cease by new auditor appointment, filing of 2023 10-K, or April 1, 2024.
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Forte Biosciences raises $25M in private placement; announces promising FB-102 data in GvHD
Raised ~$25M gross from private placement with top-tier institutional investors; execs and board purchased $1.16M.
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Forte Biosciences extends rights agreement expiration to July 2024; sets 2023 annual meeting for September 19
Amendment No. 1 extends Rights Agreement expiration to 5:00 p.m. ET on July 12, 2024, unless earlier redeemed or exchanged.
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Forte Biosciences reports FY 2022 net loss of $13.9M; advancing FB-102 toward clinic in late 2023/early 2024
Net loss of $13.9M ($0.80/sh) vs $21.7M ($1.55/sh) in FY 2021; cash and equivalents $41.1M at year-end.
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Forte Biosciences amends bylaws to update stockholder meeting procedures
Bylaws revised to require stockholder nominating directors to deliver evidence of Rule 14a-19 compliance at least 5 business days before meeting.
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Forte Biosciences appoints David Gryska to board; Patricia Walker resigns
David Gryska appointed as Class II director effective January 10, 2023; serves on Audit Committee.
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Forte Biosciences Q3 net loss narrows to $0.18/sh; cash $44M; appoints Scott Brun to board
Q3 2022 net loss $3.4M ($0.18/share) vs $7.8M ($0.54) in Q3 2021; R&D expenses fell to $1.4M.
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Forte Q2 net loss $3.0M; cash $38.5M; FB-102 on track for late 2023/early 2024
Net loss $3.0M for Q2 2022 ($0.21 per share), compared to $5.8M loss ($0.43) in Q2 2021.
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Forte Biosciences files prospectus supplement for additional $2.7M ATM offering
Filed new prospectus supplement for sale of up to $2.7M of common stock via existing ATM agreement with Ladenburg Thalmann.
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Forte Biosciences adopts poison pill rights plan with 10% trigger
Board declares dividend of one Right per share of common stock; record date July 21, 2022.
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Forte Biosciences appoints Dr. Hubert Chen as President and CSO
Dr. Chen appointed President and Chief Scientific Officer effective June 7, 2022; Paul Wagner remains CEO.
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Forte Biosciences shareholders elect two Class II directors, ratify auditor, approve equity plan
Steven Kornfeld elected Class II director with 3,366,874 votes for; Patricia Walker with 3,335,739 for, 1,612,841 withheld; 3,373,670 broker non-votes.
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Forte Biosciences Q1 net loss $2.6M; cash $40M to fund operations for 24 months
Net loss of $2.6M ($0.17 per share) vs $4.8M ($0.36) in Q1 2021; R&D spend down to $0.7M on wind-down of FB-401.
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Forte Biosciences enters ATM equity sales agreement for up to $25M
Agreement with Ladenburg Thalmann allows sale of up to $25M common stock; initial prospectus supplement covers $7M.
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Forte Biosciences appoints Barbara K. Finck, M.D. to Board of Directors
Appointment effective March 16, 2022; Dr. Finck will serve as a Class I director until 2024 annual meeting.
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Forte Biosciences terminates patent license agreement with NIAID, effective April 2, 2022
Terminated Patent License Agreement with National Institute of Allergy and Infectious Diseases (NIAID).
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Forte Biosciences FB-401 Phase 2 atopic dermatitis trial misses primary endpoint EASI-50
Primary endpoint EASI-50: 58% active vs 60% placebo (p=0.7567), not statistically significant.