Fortress Biotech Inc
NASDAQ:FBIO
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Fortress Biotech Inc
Fortress Biotech, Inc. engages in the manufacture and commercialization of novel pharmaceutical products and product candidates. The company is headquartered in Bay Harbor Islands, Florida and currently employs 173 full-time employees. The company went IPO on 2011-11-17. Fortress has seven marketed prescription pharmaceutical products and over 25 programs in development at Fortress, and at its partner companies. Its product candidates span six market areas, including oncology, rare diseases and gene therapy. The firm's commercialized products include Ximino, Targadox, Exelderm, Ceracade, Luxamend and Accutane. Its late-stage product candidates include Intravenous (IV) Tramadol, CUTX-101, MB-107 and MB-207, Cosibelimab, CK-101, CAEL-101, Triplex and CEVA101. Its product candidates also consist of MB-102 (CD123 CAR T for BPDCN), MB-101 (IL13Ra2 CAR T for Glioblastoma), MB-104, MB-106, MB-103, AVTS-001, CK-103 and ConVax. The firm operates in two operating and reportable segments: Dermatology Product Sales, and Pharmaceutical and Biotechnology Product Development.
Fortress Biotech, Inc. engages in the manufacture and commercialization of novel pharmaceutical products and product candidates. The company is headquartered in Bay Harbor Islands, Florida and currently employs 173 full-time employees. The company went IPO on 2011-11-17. Fortress has seven marketed prescription pharmaceutical products and over 25 programs in development at Fortress, and at its partner companies. Its product candidates span six market areas, including oncology, rare diseases and gene therapy. The firm's commercialized products include Ximino, Targadox, Exelderm, Ceracade, Luxamend and Accutane. Its late-stage product candidates include Intravenous (IV) Tramadol, CUTX-101, MB-107 and MB-207, Cosibelimab, CK-101, CAEL-101, Triplex and CEVA101. Its product candidates also consist of MB-102 (CD123 CAR T for BPDCN), MB-101 (IL13Ra2 CAR T for Glioblastoma), MB-104, MB-106, MB-103, AVTS-001, CK-103 and ConVax. The firm operates in two operating and reportable segments: Dermatology Product Sales, and Pharmaceutical and Biotechnology Product Development.
Revenue Growth: Journey Medical reported Q3 revenue of $17.6 million, up 21% year-over-year, driven by the launch of EMROSI.
EMROSI Launch: EMROSI contributed $4.9 million in Q3, with a 75% increase from Q2 and prescription volume more than doubling sequentially.
Margin Trends: Gross margin improved sequentially in 2025, reaching 67.4% in Q3, up from 63.5% in Q1, despite a year-over-year decline due to prior period adjustments.
Profitability Outlook: EBITDA loss narrowed quarter-over-quarter, and management expects to achieve sustainable EBITDA positivity in Q4.
Access Expansion: EMROSI now has contracts with 2 of the 3 major GPOs, with broader health plan coverage expected to increase in 2026, reducing reliance on co-pay assistance.
Product Portfolio: Legacy products were flat sequentially but down 16% year-over-year, mainly due to Accutane generic competition, though Accutane appears to have stabilized.
Physician Adoption: Unique EMROSI prescribers grew to over 2,700, up about 50% since last quarter, with management aiming to increase both breadth and depth of prescribing.
