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Fortress Biotech reports 9% revenue growth in Q3 2026 and repays $15M debt in full

Company Fundamentals
13 Nov 2026, 15:00 WIB
GlobeNewsWire
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Bullish
Fortress Biotech reports 9% revenue growth in Q3 2026 and repays $15M debt in full

Fortress Biotech announced a 9% increase in total net revenue to $19.2 million for Q3 2026 compared to the previous year. The company fully repaid its $15 million credit facility in September 2026, eliminating parent-level debt. Fortress also licensed FB-607 for irritable bowel syndrome with diarrhea, currently in Phase 2 trials, with top-line data expected in late 2027. Partnered programs advanced, including Crystalys Therapeutics' $130 million Series B financing and new drug approvals generating royalty income, positioning Fortress for long-term shareholder value growth.

Fortress Biotech's recent corporate update comes as the health sector on Pluang shows broad gains, with 99 of 150 US health stocks rising as of Nov 13, 2026 19:41 WIB. Notable movers include Heron Therapeutics Inc (HRTX) up 5.80% at USD 0.35 with a typical hold time of 39 days and a nearly balanced Pluang order activity of 52% Sell to 48% Buy. MiniMed Group Inc. (MMED) and Citius Pharmaceuticals Inc (CTXR) saw declines of 4.90% and 4.21% respectively, with MMED priced at USD 17.00 and CTXR at USD 0.51, the latter showing a strong sell bias of 84% on Pluang.

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