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Fortress Biotech Announces Closing of Sale of Subsidiary Checkpoint Therapeutics

Fortress will receive ~28millionshortlyafterclosingandiseligibleforanadditionalcontingentvalueright(CVR)ofupto28 million shortly after closing and is eligible for an additional contingent value right (CVR) of up to 4.8 million, plus a 2.5% royalty on future net sales of UNLOXCYT™ (cosibelimab-ipdl)MIAMI, May 30, 2025 (GLOBE NEWSWIRE) -- Fortress Biotech, Inc. (Nasdaq: FBIO) (“Fortress”), an innovative biopharmaceutical company focused on acquiring and advancing assets to enhance long-term value for shareholders through product revenue, equity holdings and dividend and royalty revenue, today ...