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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 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 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 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 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 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 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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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 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 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 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 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.