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Mustang Bio, Inc. (MBIO)

USD0.63 -0.03 (-4.59%)
US NASDAQ Healthcare Biotechnology
Address 95 Sawyer Road 2453
Waltham, MA, US
CEO Manuel Litchman
IPO 2017-08-22
CIK 1680048 ISIN US62818Q3020

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Description

Mustang Bio, Inc., a clinical-stage biopharmaceutical company, focuses on translating cell therapies into cures for difficult-to-treat cancers and autoimmune diseases in the United States. The company develops MB-106, a CD20-targeted chimeric antigen receptor (CAR) T cell therapy which is in Phase I clinical trail for non-hodgkin lymphoma, chronic lymphocytic leukemia, and autoimmune diseases; MB-109, a combination MB-101 and MB-108 as a potential treatment for IL13Ra2+ relapsed or refractory glioblastoma and high-grade astrocytoma; MB-101, an IL13Ra2 CAR T cell program completd Phase I for glioblastoma; and MB-108 which is in Phase I for the treatment of herpes simplex virus-1 oncolytic virus C134. It has a license agreement with city of hope national medical center and nationwide children’s hospital. Mustang Bio, Inc. was incorporated in 2015 and is headquartered in Waltham, Massachusetts.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.63 -0.03 (-4.59%)
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Volume Profile
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Liquidity & share structure
Average Volume
135.4K
Beta
2.08
Float Shares
6.44M
Free Float %
85.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.69% +9.12% -9.57% -33.65% -52.48% -31.69% -48.85% -99.78% -99.97% -99.99% -99.99%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (7 ratings, all time) Buy
Price Targets & DCF
Current price
0.63
DCF (Unlevered) 2.93 +363.6%
DCF (Levered) 3.52 +456.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 0 -1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-33.34
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
  • EPS growth Biotechnology: +29.7%
    +84.8% Q1'26: -180.0% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
  • EBIT margin Biotechnology: +0.0%
  • ROIC Biotechnology: -16.1%
    Q1'26: +55.2% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    -19.9% Q1'26: +17.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.11) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.93 Current price: 0.63
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
est: 50.0K (-100.0%)
11.00M
11.00M – 11.00M
55.60M
55.60M – 55.60M
+405.5% YoY
EBITDA
-30.02M
-14.92M
-2.39M
— – —
— – —
EBIT
-30.65M
-15.75M
-2.43M
— – —
— – —
Net Income
-30.66M
est: -4.50B (+99.3%)
-15.75M
est: -248.20M (+93.7%)
-1.92M
est: -85.89M (+97.8%)
-485.91M
-485.91M – -485.91M
-465.7% YoY
-252.77M
-252.77M – -252.77M
+48.0% YoY
SGA
6.76M
4.14M
3.95M
— – —
— – —
EPS
-17.07
est: -735.00 (+97.7%)
-2.57
est: -40.50 (+93.7%)
-0.39
est: -17.50 (+97.8%)
-99.00
-99.00 – -99.00
-465.7% YoY
-51.50
-51.50 – -51.50
+48.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-22 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-05-21 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-05-20 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-05-19 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-05-18 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-05-15 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-14 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-13 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-12 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-11 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
22
Total invested
369.8K
Insider transactions (90d)
1
Beneficial owners (>5%)
3
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 (1) BlackRock, Inc. 2.26M 2.20% 2.26M 2.26M HC Delaware 2022-07-08
2 Armistice Capital, LLC 974.9K 9.99% 974.9K IA, OO Delaware 2024-02-14
3 Steven Boyd 974.9K 9.99% 974.9K HC, IN Delaware 2024-02-14

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
22
-2 vs prev Q
New positions
5
Closed positions
7
Increased
10
Reduced
4
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 KESTRA ADVISORY SERVICES, LLC 111.0K +44.9K (+68.0%) 108.9K +8.4K (+8.4%) 1.78% +0.720 pp 0.00% +0.000 pp USD1.30 -24.6% 2 qtrs
2 CITADEL ADVISORS LLC 84.8K +84.8K (+100.0%) 83.2K +83.2K (+100.0%) 1.36% +1.358 pp 0.00% +0.000 pp USD0.98 +0.0% 3 qtrs
3 BLACKROCK, INC. 84.7K +— (+0.0%) 83.1K -45.7K (-35.5%) 1.36% +0.000 pp 0.00% +0.000 pp USD1.51 -35.1% 4 qtrs
4 DRW SECURITIES, LLC 73.9K +73.9K (+100.0%) 72.5K +72.5K (+100.0%) 1.18% +1.185 pp 0.00% +0.002 pp USD0.98 +0.0% 1 qtrs NEW
5 VANGUARD GROUP INC 57.9K +— (+0.0%) 56.8K -31.2K (-35.5%) 0.93% +0.000 pp 0.00% +0.000 pp USD1.52 -35.5% 2 qtrs
6 TWO SIGMA INVESTMENTS, LP 40.0K +40.0K (+100.0%) 39.3K +39.3K (+100.0%) 0.64% +0.641 pp 0.00% +0.000 pp USD0.98 +0.0% 1 qtrs NEW
7 GEODE CAPITAL MANAGEMENT, LLC 32.3K +5.9K (+22.2%) 31.7K -8.5K (-21.1%) 0.52% +0.094 pp 0.00% +0.000 pp USD1.28 -23.4% 4 qtrs
8 XTX TOPCO LTD 24.1K +5.3K (+28.2%) 23.6K -4.9K (-17.2%) 0.39% +0.085 pp 0.00% -0.001 pp USD1.40 -30.0% 2 qtrs
9 JANE STREET GROUP, LLC 14.1K +14.1K (+100.0%) 13.9K +13.9K (+100.0%) 0.23% +0.226 pp 0.00% +0.000 pp USD0.98 +0.0% 1 qtrs NEW
10 GSA CAPITAL PARTNERS LLP 12.8K +12.8K (+100.0%) 13.0K +13.0K (+100.0%) 0.21% +0.206 pp 0.00% +0.001 pp USD0.98 +0.0% 1 qtrs NEW
11 CFO4LIFE GROUP, LLC 13.0K +2.5K (+23.9%) 12.7K -3.2K (-20.0%) 0.21% +0.040 pp 0.00% -0.001 pp USD1.42 -31.0% 2 qtrs
12 SBI SECURITIES CO., LTD. 2.0K +2.0 (+0.1%) 2.0K -1.1K (-35.4%) 0.03% +0.000 pp 0.00% +0.000 pp USD1.38 -29.0% 5 qtrs
13 TOWER RESEARCH CAPITAL LLC (TRC) 936.00 -396.0 (-29.7%) 918.00 -1.1K (-54.7%) 0.02% -0.006 pp 0.00% +0.000 pp USD1.10 -10.9% 4 qtrs
14 MORGAN STANLEY 153.00 -150.0 (-49.5%) 150.00 -311.0 (-67.5%) 0.00% -0.002 pp 0.00% +0.000 pp USD1.30 -24.6% 4 qtrs
15 HARBOUR INVESTMENTS, INC. 76.00 +— (+0.0%) 75.00 -41.0 (-35.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.25 -21.6% 4 qtrs
16 BANK OF AMERICA CORP /DE/ 54.00 +2.0 (+3.8%) 53.00 -26.0 (-32.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.20 -18.3% 4 qtrs
17 UBS GROUP AG 44.00 -4.0 (-8.3%) 43.00 -30.0 (-41.1%) 0.00% 0.000 pp 0.00% +0.000 pp USD1.23 -20.3% 4 qtrs
18 CULLEN/FROST BANKERS, INC. 13.00 +13.0 (+100.0%) 13.00 +13.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD0.92 +6.5% 1 qtrs NEW
19 BNP PARIBAS ARBITRAGE, SNC 6.00 +— (+0.0%) 6.00 -3.0 (-33.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.17 -16.2% 4 qtrs
20 MAI CAPITAL MANAGEMENT 3.00 +3.0 (+100.0%) 3.00 +3.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD0.67 +46.3% 1 qtrs NEW
21 DANSKE BANK A/S 2.00 +— (+0.0%) 2.00 -1.0 (-33.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.00 -2.0% 4 qtrs
22 NBC SECURITIES, INC. 3.00 +— (+0.0%) 2.00 -2.0 (-50.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.33 -26.3% 2 qtrs
23 JPMORGAN CHASE & CO 2.00 +— (+0.0%) 2.00 -1.0 (-33.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.00 -2.0% 4 qtrs
24 GROUP ONE TRADING, L.P. 1.00 +— (+0.0%) 1.00 -1.0 (-50.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD1.00 -2.0% 4 qtrs
25 CITIGROUP INC -602.0 (-100.0%) -915.0 (-100.0%) 0.00% -0.010 pp 0.00% +0.000 pp USD 3 qtrs SOLD
26 RENAISSANCE TECHNOLOGIES LLC -11.8K (-100.0%) -17.9K (-100.0%) 0.00% -0.189 pp 0.00% +0.000 pp USD 2 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Extended Market ETF VXF 0.00% 16.8K 0.05%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.50
Neutral
Ratio by volume
0.98
Neutral
Buys
1
Sells
2
Shares acquired
247.00
Shares disposed
251.00
Cash buys
1.00
Cash sales
2.00
Net activity
-4
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-24 Litchman Manuel MD Director / Officer F-InKind D COMMON STOCK 19 0.75 14.25 1,615 D
2026-01-02 Fortress Biotech, Inc. 10% Owner A-Award A COMMON STOCK, PAR VALUE $0.0001 278,385 0.00 536,577 D
2025-12-30 Jin David Director P-Purchase A COMMON STOCK, PAR VALUE $0.0001 247 0.96 237.61 286 D
2025-12-30 Herskowitz Neil Director S-Sale D COMMON STOCK, PAR VALUE $0.0001 247 0.96 237.61 145 D
2025-12-30 Chill Adam J. Director S-Sale D COMMON STOCK, PAR VALUE $0.0001 4 0.95 3.82 375 D
2025-09-29 Fortress Biotech, Inc. 10% Owner A-Award A COMMON STOCK, PAR VALUE $0.0001 59,334 0.00 258,192 D
2025-04-24 Litchman Manuel MD Director / Officer F-InKind D COMMON STOCK 27 1.24 33.48 1,634 D
2025-03-31 Fortress Biotech, Inc. 10% Owner A-Award A COMMON STOCK, PAR VALUE $0.0001 67,806 0.00 198,858 D
2024-12-31 Fortress Biotech, Inc. 10% Owner COMMON STOCK, PAR VALUE $0.0001 0 0.00 6,552,784 D
2024-10-23 Jin David Director Common Stock 0 0.00 1,994 D
2024-06-27 Fortress Biotech, Inc. 10% Owner A-Award A COMMON STOCK, PAR VALUE $0.0001 575,191 0.00 2,502,991
2024-05-31 Litchman Manuel MD Director / Officer F-InKind D Common Stock 1,396 0.35 488.60 83,024
2024-01-19 MURPHY JAMES B Officer 0 0.00 0
2024-01-02 Fortress Biotech, Inc. 10% Owner A-Award A COMMON STOCK, PAR VALUE $0.0001 419,092 0.00 1,927,800
2023-12-11 Carney Peter Officer D Common Stock 0 0.00 3,992
2023-07-05 ZELEFSKY MICHAEL J Director A-Award A COMMON STOCK, PAR VALUE $0.0001 7,246 0.00 18,970
2023-07-05 WEISS MICHAEL S Director A-Award A COMMON STOCK, PAR VALUE $0.0001 7,246 0.00 49,637
2023-07-05 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK, PAR VALUE $0.0001 7,246 0.00 60,525
2023-07-05 Herskowitz Neil Director A-Award A COMMON STOCK, PAR VALUE $0.0001 7,246 0.00 19,703
2023-07-05 Chill Adam J. Director A-Award A COMMON STOCK, PAR VALUE $0.0001 7,246 0.00 19,170
2023-04-24 Litchman Manuel MD Director / Officer F-InKind D Common Stock 1,572 4.21 6.6K 79,420
2023-01-06 Fortress Biotech, Inc. Director A-Award A COMMON STOCK, PAR VALUE $0.0001 2,807,008 0.00 22,630,620
2022-09-13 ROSENWALD LINDSAY A MD Director P-Purchase A COMMON STOCK, PAR VALUE $0.0001 5,000 0.52 2.6K 299,181
2022-09-13 Litchman Manuel MD Director P-Purchase A COMMON STOCK, PAR VALUE $0.0001 5,000 0.52 2.6K 1,098,987
2022-07-29 ZELEFSKY MICHAEL J Director A-Award A COMMON STOCK, PAR VALUE $0.0001 71,664 0.00 175,861
2022-07-29 WEISS MICHAEL S Director A-Award A COMMON STOCK, PAR VALUE $0.0001 71,664 0.00 135,861
2022-07-29 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK, PAR VALUE $0.0001 71,664 0.00 294,181
2022-07-29 Herskowitz Neil Director A-Award A COMMON STOCK, PAR VALUE $0.0001 71,664 0.00 186,861
2022-07-29 Chill Adam J. Director A-Award A COMMON STOCK, PAR VALUE $0.0001 71,664 0.00 178,861
2022-06-21 Litchman Manuel MD Director A-Award A COMMON STOCK, PAR VALUE $0.0001 61,000 0.00 1,093,987
2022-04-24 Litchman Manuel MD Director / Officer F-InKind D Common Stock 1,248 12.15 15.2K 80,992
2022-04-18 Lurier Eliot M Officer D Common Stock 0 0.00 0
2022-03-18 ROSENWALD LINDSAY A MD Director P-Purchase A COMMON STOCK, PAR VALUE $0.0001 4,094 0.74 3.0K 222,517
2022-03-18 Litchman Manuel MD Director P-Purchase A COMMON STOCK, PAR VALUE $0.0001 5,000 0.74 3.7K 1,032,987
2021-12-14 Achenbach Brian Officer S-Sale D COMMON STOCK 4,374 1.83 8.0K 144,729
2021-12-08 Achenbach Brian Officer A-Award A COMMON STOCK 22,500 0.00 149,103
2021-10-27 Litchman Manuel MD Director / Officer P-Purchase A COMMON STOCK 65,000 2.24 145.6K 1,027,987
2021-10-12 Achenbach Brian Officer S-Sale D COMMON STOCK 4,450 2.28 10.1K 126,603
2021-08-31 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 1,170 2.58 3.0K 218,423
2021-08-31 Litchman Manuel MD Director / Officer A-Award A COMMON STOCK 2,746 2.58 7.1K 962,987
2021-07-30 Litchman Manuel MD Director / Officer P-Purchase A COMMON STOCK 86,206 2.91 250.9K 960,241
2021-06-28 ZELEFSKY MICHAEL J Director A-Award A COMMON STOCK 13,774 0.00 104,197
2021-06-28 WEISS MICHAEL S Director A-Award A COMMON STOCK 13,774 0.00 64,197
2021-06-28 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 13,774 0.00 217,253
2021-06-28 Herskowitz Neil Director A-Award A COMMON STOCK 13,774 0.00 115,197
2021-06-28 Chill Adam J. Director A-Award A COMMON STOCK 13,774 0.00 107,197
2021-06-17 Litchman Manuel MD Director / Officer A-Award A COMMON STOCK 61,000 0.00 874,035
2021-04-09 Achenbach Brian Officer S-Sale D COMMON STOCK 2,423 3.36 8.1K 131,053
2021-03-05 Litchman Manuel MD Director / Officer P-Purchase A COMMON STOCK 165,562 3.12 516.6K 825,408
2021-02-26 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 1,043 2.83 3.0K 203,479
2021-02-26 Litchman Manuel MD Director / Officer A-Award A COMMON STOCK 5,000 2.83 14.2K 659,846
2020-12-15 Litchman Manuel MD Director / Officer P-Purchase A COMMON STOCK 100,000 2.91 291.0K 654,846
2020-12-15 Achenbach Brian Officer A-Award A Common Stock 22,500 0.00 151,774
2020-12-14 ROSENWALD LINDSAY A MD Director P-Purchase A COMMON STOCK 100,000 2.66 266.0K 200,423
2020-12-08 Achenbach Brian Officer S-Sale D COMMON STOCK 5,185 3.03 15.7K 133,476
2020-10-21 Achenbach Brian Officer S-Sale D COMMON STOCK 3,056 2.97 9.1K 138,661
2020-09-15 Litchman Manuel MD Director / Officer A-Award A COMMON STOCK 61,000 0.00 554,846
2020-08-31 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 1,182 2.48 2.9K 102,436
2020-08-31 Litchman Manuel MD Director / Officer A-Award A COMMON STOCK 5,000 2.48 12.4K 493,846
2020-07-14 ZELEFSKY MICHAEL J Director A-Award A Common Stock 16,611 0.00 90,423
2020-07-14 WEISS MICHAEL S Director A-Award A Common Stock 16,611 0.00 50,423
2020-07-14 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 16,611 2.48 41.2K 101,254
2020-07-14 Herskowitz Neil Director A-Award A Common Stock 16,611 0.00 101,423
2020-07-14 Chill Adam J. Director A-Award A Common Stock 16,611 0.00 93,423
2020-06-11 Litchman Manuel MD Director / Officer P-Purchase A COMMON STOCK 153,846 3.25 500.0K 488,846
2020-05-22 Litchman Manuel MD Director / Officer S-Sale D COMMON STOCK 4,025 3.04 12.2K 821,383
2020-05-22 Achenbach Brian Officer S-Sale D COMMON STOCK 880 3.04 2.7K 141,717
2020-05-21 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 90,000 3.13 281.7K 335,000
2020-05-14 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 90,000 2.79 251.1K 245,000
2020-03-31 Achenbach Brian Officer S-Sale D COMMON STOCK 3,033 2.64 8.0K 142,597
2020-03-26 Litchman Manuel MD Director / Officer A-Award A Common Stock 122,000 0.00 155,000
2020-03-26 Achenbach Brian Officer A-Award A Common Stock 36,250 0.00 129,274
2020-03-05 Litchman Manuel MD Director / Officer A-Award A Common Stock 5,000 2.48 12.4K 33,000
2020-03-05 Achenbach Brian Officer A-Award A Common Stock 524 2.48 1.3K 93,024
2020-02-28 ROSENWALD LINDSAY A MD Director A-Award A COMMON STOCK 831 2.48 2.1K 84,643
2019-12-06 Achenbach Brian Officer S-Sale D COMMON STOCK 6,144 3.69 22.7K 145,630
2019-08-28 WEISS MICHAEL S Director A-Award A Common Stock 13,812 0.00 33,812
2019-08-28 ROSENWALD LINDSAY A MD Director A-Award A Common Stock 13,812 0.00 83,812
2019-08-28 Herskowitz Neil Director A-Award A Common Stock 13,812 0.00 84,812
2019-08-28 Chill Adam J. Director A-Award A Common Stock 13,812 0.00 76,812
2019-04-16 Achenbach Brian Officer A-Award A Common Stock 35,000 0.00 92,500
2018-12-10 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 8,000 3.35 26.8K 28,000
2018-12-04 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 7,500 3.60 27.0K 20,000
2018-11-26 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 5,000 3.87 19.4K 12,500
2018-11-23 Herskowitz Neil Director P-Purchase A COMMON STOCK 1,000 3.96 4.0K 71,000
2018-11-21 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 5,000 4.21 21.0K 7,500
2018-11-20 Litchman Manuel MD Director / Officer P-Purchase A Common Stock 2,500 3.89 9.7K 2,500
2018-11-20 Achenbach Brian Officer P-Purchase A COMMON STOCK 500 3.87 1.9K 57,500
2018-11-19 Achenbach Brian Officer P-Purchase A COMMON STOCK 1,000 4.25 4.3K 57,000
2018-11-16 Achenbach Brian Officer P-Purchase A COMMON STOCK 1,000 4.31 4.3K 56,000
2018-11-12 Chill Adam J. Director A-Award A COMMON STOCK 1,000 4.85 4.9K 63,000
2018-11-08 Chill Adam J. Director A-Award A COMMON STOCK 2,000 5.34 10.7K 62,000
2018-11-02 ROSENWALD LINDSAY A MD Director P-Purchase A COMMON STOCK 50,000 4.41 220.5K 70,000
2018-06-14 WEISS MICHAEL S Director A-Award A Common Stock 10,000 0.00 20,000
2018-06-14 ROSENWALD LINDSAY A MD Director A-Award A Common Stock 10,000 0.00 20,000
2018-06-14 Herskowitz Neil Director A-Award A COMMON STOCK 10,000 0.00 70,000
2018-06-14 Chill Adam J. Director A-Award A COMMON STOCK 10,000 0.00 60,000
2018-02-02 Achenbach Brian Officer A-Award A COMMON STOCK 55,000 0.00 55,000
2017-11-14 Achenbach Brian Officer D Common Stock 0 0.00 0
2017-06-07 ZELEFSKY MICHAEL J Director D Common Stock 0 0.00 73,812
2017-06-07 Chill Adam J. Director D Common Stock (Restricted) 0 0.00 50,000
2017-04-24 Litchman Manuel MD Director / Officer D Common Stock (Restricted) 0 0.00 0
2017-03-31 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 1,600 0.00 10,132,653
2017-03-13 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 767,264 0.00 10,131,053
2017-01-31 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 213,419 0.00 9,363,789
2016-12-29 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 15,806 0.00 9,150,370
2016-12-12 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 11,925 0.00 9,134,564
2016-11-30 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 47,505 0.00 9,122,639
2016-10-25 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 27,264 0.00 9,075,134
2016-09-30 Fortress Biotech, Inc. 10% Owner A-Award A Common Stock, $0.0001 par value 47,870 0.00 9,047,870
2016-09-26 WEISS MICHAEL S Officer I Common Stock (Restricted) 0 0.00 10,000
2016-09-26 ROSENWALD LINDSAY A MD Director D Common Stock (Restricted) 0 0.00 10,000
2016-09-26 Horin David J Officer D Common Stock (Restricted) 0 0.00 0
2016-09-26 Herskowitz Neil Director D Common Stock (Restricted) 0 0.00 10,000
2016-09-26 Fortress Biotech, Inc. 10% Owner D Common Stock, par value $0.0001 0 0.00 9,000,000

Executive team

Top executives
Shares Outstanding
7.58M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Manuel Litchman, M.D. President, Chief Executive Officer and Interim Chief Financial Officer 485.5K 12.5K 498.0K 0.00%
2 2024 James Murphy Former Interim Chief Financial Officer 199.5K 199.5K 0.00%
3 2023 Manuel Litchman, M.D. President, Chief Executive Officer and Interim Chief Financial Officer 481.1K 21.1K 12.3K 514.5K 4.09%
4 2023 Manuel Litchman, M.D. President and Chief Executive Officer 480.8K 21.1K 501.8K 4.19%
5 2023 Eliot Lurier Interim Chief Financial Officer 244.3K 244.3K 0.00%
6 2022 Manuel Litchman, M.D. President and Chief Executive Officer 448.3K 150.0K 37.8K 636.1K 5.95%
7 2022 Eliot Lurier Interim Chief Financial Officer 282.8K 282.8K 0.00%
8 2022 Brian Achenbach Senior Vice President of Finance and Corporate Controller 64.3K 64.3K 0.00%
9 2021 Manuel Litchman, M.D. President and Chief Executive Officer 450.0K 225.0K 209.2K 852.00 885.1K 23.64%
10 2021 Brian Achenbach Senior Vice President of Finance and Corporate Controller 278.5K 97.5K 47.9K 424.0K 11.30%
11 2020 Manuel Litchman, M.D. President and Chief Executive Officer 430.0K 250.0K 560.3K 827.00 1.24M 45.14%
12 2020 Brian Achenbach Senior Vice President of Finance and Corporate Controller 269.0K 102.4K 164.7K 536.1K 30.72%
13 2019 Manuel Litchman, M.D. President and Chief Executive Officer 415.2K 100.8K 820.00 516.8K 0.00%
14 2019 Brian Achenbach Senior Vice President of Finance and Corporate Controller 256.9K 69.5K 98.4K 424.7K 23.16%
15 2018 Manuel Litchman, M.D. President and Chief Executive Officer 403.1K 201.6K 820.00 605.5K 0.00%
16 2018 Brian Achenbach Senior Vice President of Finance and Corporate Controller 231.5K 69.5K 301.0K 0.00%
17 2017 Manuel Litchman, M.D. President and Chief Executive Officer 266.8K 135.5K 5.97M 547.00 6.37M 93.68%
18 2017 Brian Achenbach Senior Vice President of Finance and Corporate Controller 49.3K 35.0K 618.8K 703.0K 88.01%
19 2017 Brian Achenbach Vice President of Finance and Corporate Controller 49.3K 618.8K 668.0K 92.62%
20 2017 David J. Horin Interim Chief Financial Officer 83.0K 83.0K 0.00%
21 2016 David J. Horin Interim Chief Financial Officer 48.0K 48.0K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-12-03 DEF 14A
2024-12-06 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-05 10-Q
2026-04-27 4
2026-04-17 8-K
2026-03-19 10-K
2026-01-05 SC 13D/A
2026-01-05 4
2025-12-30 4
2025-12-30 4
2025-12-30 4
2025-12-23 8-K

Executive team

NameTitleCompensationGender
Manuel Litchman President, Chief Executive Officer, Interim Chief Financial Officer & Director 498.3K
Michael S. Weiss Executive Chairman 60.0K male
Greg Furrow Chief Quality Officer male
Peter Carney Controller & Interim Chief Accounting Officer male
Robyn Hunter Corporate Secretary female
ESG Rating
B
BIOTECHNOLOGY
Rank: 469 out of 714
2026
E (Environmental)
54.0 / 56.3
Company / Sector avg.
S (Social)
64.9 / 62.4
Company / Sector avg.
G (Governance)
63.4 / 60.9
Company / Sector avg.
ESG Total
60.8 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits