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Forte Biosciences, Inc.

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Forte Biosciences, Inc.

FBRX·NASDAQ·Life Sciences·CIK 0001419041

Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company focused on developing therapeutic candidates for autoimmune and autoimmune-related conditions. Its primary product candidate is FB102, a proprietary anti-CD122 monoclonal antibody. FB102 targets key pathways involved in these conditions by acting as a CD122 antagonist. CD122 is a component of IL-2/IL-15 receptors, which regulate NK cells and certain T cell subsets. In laboratory studies, FB102 significantly inhibited the proliferation of T cells (4-5x inhibition) and NK cells (6-8 fold inhibition) stimulated with IL2 or IL15, and also inhibited T cell activation. The level of inhibition was comparable to unstimulated cells. Regulatory T cell proliferation was similar with or without FB102. In these in-vitro assays, FB102 showed superiority over competing antibodies. In non-human primate studies, a single dose of FB102 led to significant reductions in the NK cell pharmacodynamic marker (up to approximately 80%-90%). Multiple doses at human therapeutic exposures resulted in Treg levels similar to the control group. A Phase 1 trial in healthy volunteers, involving three single-dose cohorts and two multiple-dose cohorts, was completed, demonstrating a good safety profile with no dose-limiting toxicities. FB102 showed significant reductions in the NK cell pharmacodynamic marker (greater than approximately 70%). Following this, the company initiated a patient-based Phase 1b trial for celiac disease in the third quarter of 2024 and another for non-segmental vitiligo in the first quarter of 2025.

Forte Biosciences, Inc. (NASDAQ:FBRX) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 20 items for FBRX at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-27, rated 9/10. Across its 20 most recent items scored 7 or higher, the top rating is 10/10, with 14 rated 8 or above. Recent SEC coverage for FBRX spans SC 14D9/A, 10-Q, SC 14D9, 8-K.

Recent high-impact activity:

  • argenx Completes $2.2B Acquisition of Forte Biosciences; 87% of Shares Tendered
  • Forte Biosciences Discloses Nine Shareholder Demand Letters and $43M Advisor Fee in Tender Offer Amendment
  • Forte Biosciences Announces HSR Clearance for argenx Tender Offer
  • Forte's Q2 Loss Widens to $23.3M as FB102 R&D Spend Surges 162%
  • Forte Board Unanimously Recommends $77/Share argenx Tender Offer, Backed by Fairness Opinion and Detailed Financial Projections

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$69.38M
Diluted EPS
-$4.71
Op. Cash Flow
-$50.88M
Free Cash Flow
-$51M
Operating Income
-$70.66M
Cash & Equivalents
$76.96M
Debt / Equity
0.00×
Shares Outstanding
12.95M sh
Source: 10-K · filed 2026-03-31 · accession 0001193125-26-134498

Dilution Risk

Low risk

Filing-implied dilution signals for FBRX, detected from its recent SEC filings · based on capital-structure filings through 2026-06-02.

1 recent capital raise1 shelf registration

Public Offering Priced · Significant Capital Raise

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$76.99 +0.02% today
52-week range · as of 2026-08-27 $10.11 – $77.2
Market cap
$1.63B
Volume
1.4M (0.7× avg)
3-mo avg 2.1M
Live data · 2026-09-14 20:23 UTC · After hours

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feed FBRX - Latest Insights

FBRX
Aug 27, 2026, 9:25 AM EDT
Filing Type: SC 14D9/A
Importance Score:
9
Price at Filing: $76.96
Real-time Price: $76.99 info
Change: +$0.030 (+0.04%) info
Market Cap: $1.634B info
FBRX
Aug 21, 2026, 4:01 PM EDT
Filing Type: SC 14D9/A
Importance Score:
7
Price at Filing: $76.92
Real-time Price: $76.99 info
Change: +$0.070 (+0.09%) info
Market Cap: $1.634B info
FBRX
Aug 19, 2026, 6:00 AM EDT
Filing Type: SC 14D9/A
Importance Score:
7
Price at Filing: $76.85
Real-time Price: $76.99 info
Change: +$0.140 (+0.18%) info
Market Cap: $1.634B info
FBRX
Aug 12, 2026, 4:01 PM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $76.78
Real-time Price: $76.99 info
Change: +$0.210 (+0.27%) info
Market Cap: $1.634B info
FBRX
Aug 06, 2026, 7:36 AM EDT
Filing Type: SC 14D9
Importance Score:
9
Price at Filing: $76.77
Real-time Price: $76.99 info
Change: +$0.220 (+0.29%) info
Market Cap: $1.634B info
FBRX
Jul 27, 2026, 6:06 AM EDT
Filing Type: 8-K
Importance Score:
10
Price at Filing: $76.00
Real-time Price: $76.99 info
Change: +$0.990 (+1%) info
Market Cap: $1.634B info
FBRX
Jul 27, 2026, 1:00 AM EDT
Source: GlobeNewswire
Importance Score:
10
Price at Filing: $54.00
Real-time Price: $76.99 info
Change: +$22.99 (+43%) info
Market Cap: $1.634B info
FBRX
Jul 09, 2026, 8:13 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $24.50
Real-time Price: $76.99 info
Change: +$52.49 (+214%) info
Market Cap: $1.634B info
FBRX
Jul 09, 2026, 8:05 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $21.99
Real-time Price: $76.99 info
Change: +$55.00 (+250%) info
Market Cap: $1.634B info
FBRX
Jun 02, 2026, 4:39 PM EDT
Filing Type: S-3
Importance Score:
8
Price at Filing: $18.18
Real-time Price: $76.99 info
Change: +$58.82 (+324%) info
Market Cap: $1.634B info
FBRX
Jun 02, 2026, 4:01 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $18.18
Real-time Price: $76.99 info
Change: +$58.82 (+324%) info
Market Cap: $1.634B info
FBRX
May 14, 2026, 4:42 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $23.96
Real-time Price: $76.99 info
Change: +$53.03 (+221%) info
Market Cap: $1.634B info
FBRX
May 11, 2026, 9:01 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $24.54
Real-time Price: $76.99 info
Change: +$52.45 (+214%) info
Market Cap: $1.634B info
FBRX
Apr 29, 2026, 4:06 PM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $28.03
Real-time Price: $76.99 info
Change: +$48.96 (+175%) info
Market Cap: $1.634B info
FBRX
Apr 09, 2026, 4:12 PM EDT
Filing Type: 424B5
Importance Score:
8
Price at Filing: $33.90
Real-time Price: $76.99 info
Change: +$43.09 (+127%) info
Market Cap: $1.634B info
FBRX
Apr 09, 2026, 6:14 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $26.65
Real-time Price: $76.99 info
Change: +$50.34 (+189%) info
Market Cap: $1.634B info
FBRX
Apr 08, 2026, 9:32 PM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $26.65
Real-time Price: $76.99 info
Change: +$50.34 (+189%) info
Market Cap: $1.634B info
FBRX
Apr 01, 2026, 8:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $27.13
Real-time Price: $76.99 info
Change: +$49.86 (+184%) info
Market Cap: $1.634B info
FBRX
Mar 31, 2026, 4:15 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $25.27
Real-time Price: $76.99 info
Change: +$51.72 (+205%) info
Market Cap: $1.634B info
FBRX
Mar 31, 2026, 4:05 PM EDT
Filing Type: 10-K
Importance Score:
7
Price at Filing: $26.30
Real-time Price: $76.99 info
Change: +$50.69 (+193%) info
Market Cap: $1.634B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets