As filed with the Securities
and Exchange Commission on November 3, 2021.
Registration No. 333-255185
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM S-3
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Post-Effective Amendment No. 2
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REGISTRATION STATEMENT
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UNDER
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THE SECURITIES ACT OF 1933
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FORTRESS BIOTECH, INC.
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(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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2834
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47-3828760
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(State or Other Jurisdiction of
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(Primary Standard Industrial
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(I.R.S. Employer
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Incorporation or Organization)
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Classification Code Number)
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Identification Number)
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2 Gansevoort Street, 9th Floor
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New York, New York 10014
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(781) 652-4500
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(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
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Lindsay A. Rosenwald, M.D.
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Executive Chairman,
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Chief Executive Officer and President
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2 Gansevoort Street, 9th Floor
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New York, New York 10014
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(781) 652-4500
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(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
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Copies to:
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Mark McElreath
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Alston & Bird LLP
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90 Park Avenue
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New York, NY 10016
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(212) 210-9400
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Approximate date of commencement of proposed
sale to the public: From time to time after the effective date of this Registration Statement.
If the only securities being registered on this
Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨
If any of the securities being registered on
this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following
box. x
If this form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration
statement number of the earlier effective registration statement for the same offering. ¨
If this form is a post-effective amendment filed
pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of
the earlier effective registration statement for the same offering. ¨
If this Form is a registration statement pursuant
to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant
to Rule 462(e) under the Securities Act, check the following box. ¨
If this Form is a post-effective amendment to
a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and
“emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ¨
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Accelerated filer ¨
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Non-accelerated filer x
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Smaller reporting company x
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Emerging growth company ¨
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If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ¨
CALCULATION OF
REGISTRATION FEE
Title of Each Class of Securities to be Registered
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Amount to be
Registered(1)
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Proposed
Maximum
Offering Price
per Unit(2)
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Proposed
Maximum
Offering
Aggregate
Offering
Price(2)
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Amount of
Registration
Fee
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Common Stock, par value $0.001 per share
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600,000
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$
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4.24
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$
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2,544,000
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$
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277.55
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(3)
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(1)
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The Registrant is hereby registering for resale from time to time by the selling stockholders named herein
of up to 600,000 shares of common stock, all of which were initially granted in connection with a Dividend Payment and Exchange Agreement,
dated as of March 31, 2021, executed by Fortress Biotech
Inc. in favor of the holders of Journey Medical Corporation’s 8% Cumulative Convertible Class A Preferred Stock. Pursuant to Rule
416(a) under the Securities Act of 1933, as amended, or the Securities Act, this registration statement also covers such additional number
of shares of common stock that may be issued as a result of stock splits, stock dividends, anti-dilution issuances, or similar transactions.
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(2)
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Estimated solely for purposes of determining the registration fee pursuant to Rule 457(c) under the Securities
Act. The proposed maximum offering price per share and proposed maximum aggregate offering price shown are based on the average of the
high and low sale prices of the Registrant’s common stock on April 7, 2021 as reported on The Nasdaq Capital Market.
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The Registrant
hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall
file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with
Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and
Exchange Commission, acting pursuant to said Section 8(a), may determine.
PROSPECTUS
600,000 Shares of Common Stock
This prospectus relates to the resale by the selling
stockholders named herein, or their pledgees, donees, transferees or other successors in interest, from time to time, of up to 600,000
shares of our common stock, par value $0.001 per share (the “Common Stock”), issuable in connection with the Dividend Payment
and Exchange Agreement dated as of March 31, 2021 (the “Dividend Agreement”) executed by Fortress Biotech, Inc. for the benefit
of the holders of Journey Medical Corporation’s 8% Cumulative Convertible Class A Preferred Stock. (the “Journey Preferred
Stock”) The shares of Common Stock issuable pursuant to the Dividend Agreement are referred to herein as the Securities. We are
registering the Securities on behalf of the selling stockholders, to be offered and sold from time to time, to satisfy certain registration
rights that we have granted to the selling stockholders.
The selling stockholders may resell or dispose
of the Securities, or interests therein, at fixed prices, at prevailing market prices at the time of sale or at prices negotiated with
purchasers, to or through underwriters, broker-dealers, agents, or through any other means described in the section of this prospectus
entitled “Plan of Distribution”. The selling stockholders will each bear their respective commissions and discounts, if any,
attributable to the sale or disposition of the Securities, or interests therein, held by such selling stockholder. We will bear all costs,
expenses and fees in connection with the registration of the Securities. We will not receive any of the proceeds from the sale of the
Securities by the selling stockholders.
The Common Stock is listed on The Nasdaq Capital
Market, or Nasdaq, under the symbol “FBIO.” On April 7, 2021, the last reported sale price of our Common Stock was $4.24 per
share. You are urged to obtain current market quotations for our common stock.
Investing in our Securities involves risks.
You should review carefully the risks and uncertainties described under the heading “Risk Factors” contained in this prospectus
and under similar headings in the other documents that are incorporated by reference into this prospectus as described on page 4 of this
prospectus.
Neither the Securities and Exchange Commission
nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus.
Any representation to the contrary is a criminal offense.
The date of this Prospectus is , 2021
Table of Contents
ABOUT THIS PROSPECTUS
This prospectus provides you with a general description
of the Securities that may be resold by the selling stockholders. In certain circumstances, we may provide a prospectus supplement that
will contain specific information about the terms of a particular offering by the selling stockholders. We also may provide a prospectus
supplement to add information to, or update or change information contained in, this prospectus. To the extent there is a conflict between
the information contained in this prospectus and the prospectus supplement, you should rely on the information in the prospectus supplement,
provided that if any statement in one of these documents is inconsistent with a statement in another document having a later date — for
example, a document incorporated by reference in this prospectus or any prospectus supplement — the statement in the
later-dated document modifies or supersedes the earlier statement.
You should read both this prospectus and any applicable
prospectus supplement together with the additional information about our company to which we refer you in the sections of this prospectus
entitled “Where You Can Find More Information” and “Incorporation of Certain Information by Reference.” You should
rely only on the information contained in or incorporated by reference into this prospectus and any prospectus supplement. Neither we
nor the selling stockholders have authorized any dealer, sales person or other person to provide you with different information. You should
not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date on the
front of those documents or that any document incorporated by reference is accurate as of any date other than its filing date. You should
not consider this prospectus to be an offer or solicitation relating to the Securities in any jurisdiction in which such an offer or solicitation
relating to the Securities is not authorized. Furthermore, you should not consider this prospectus to be an offer or solicitation relating
to the Securities if the person making the offer or solicitation is not qualified to do so, or if it is unlawful for you to receive such
an offer or solicitation.
Unless the context indicates otherwise, when we
refer to “Fortress,” “we,” “our,” “us” and the “Company” in this prospectus,
we mean Fortress Biotech, Inc., unless otherwise specified. When we refer to “you,” we mean the potential holders of the applicable
series of Securities.
FORWARD-LOOKING STATEMENTS
This prospectus, including the documents that we
incorporate by reference, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Statements in this prospectus,
and documents we incorporate by reference, that are not descriptions of historical facts are forward-looking statements that are based
on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating
results, financial condition and stock price. We have attempted to identify forward-looking statements by terminology including “anticipates,”
“believes,” “can,” “continue,” “could,” “estimates,” “expects,”
“intends,” “may,” “might,” “plans,” “potential,” “predicts,” “should,”
or “will” or the negative of these terms or other comparable terminology. Factors that could cause actual results to differ
materially from those currently anticipated include those set forth under “Risk Factors” including, in particular, risks relating
to:
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financing and strategic agreements and relationships;
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our need for substantial additional funds and uncertainties relating to financings;
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our ability to identify, acquire, close and integrate product candidates successfully and on a timely
basis;
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our ability to attract, integrate and retain key personnel;
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the early stage of products under development;
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the results of research and development activities;
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uncertainties relating to preclinical and clinical testing;
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the ability to secure and maintain third-party manufacturing, marketing and distribution of our and our
partner companies’ products and product candidates;
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patent and intellectual property matters; and
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You should read this prospectus and the documents
that we reference herein completely and with the understanding that our actual future results may be materially different from what we
currently expect. You should assume that the information appearing in this prospectus and any document incorporated by reference is accurate
as of its date only. Because the risk factors referred to above could cause actual results or outcomes to differ materially from those
expressed in any forward-looking statements made by us or on our behalf, you should not place undue reliance on any forward-looking statements.
Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated
events, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995. New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we
cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking statements. We qualify all of the information presented in this
prospectus, any accompanying prospectus supplement and any document incorporated herein by reference, and particularly our forward-looking
statements, by these cautionary statements.
Explanatory Note: This Amendment to the Registration Statement 333-255185,
is being undertaken for the sole purpose of adding additional selling stockholders to the registration statement and prospectus.
SUMMARY
The following summary highlights
information contained elsewhere in this prospectus or incorporated by reference into this prospectus. This summary is not complete and
does not contain all of the information that you need to consider before making an investment decision. For a more complete understanding
of our company, you should read and consider carefully the more detailed information included or incorporated by reference in this prospectus
and any applicable prospectus supplement, including the factors described under the heading “Risk Factors” and other information
incorporated by reference from our most recent Annual Report on Form 10-K and our most recent Quarterly Reports on Form 10-Q, before making
an investment decision.
Overview
Fortress
Biotech, Inc. (“Fortress” or the “Company”) is a biopharmaceutical company dedicated to acquiring, developing
and commercializing pharmaceutical and biotechnology products and product candidates, which the Company does at the Fortress level, at
its majority-owned and majority-controlled subsidiaries and joint ventures, and at entities the Company founded and in which it maintains
significant minority ownership positions. Fortress has a talented and experienced business development team, comprised of scientists,
doctors and finance professionals, who identify and evaluate promising products and product candidates for potential acquisition by new
or existing partner companies. Fortress, through its partner companies has executed such arrangements in partnership with some of the
world’s foremost universities, research institutes and pharmaceutical companies, including City of Hope National Medical Center,
Fred Hutchinson Cancer Research Center, St. Jude Children’s Research Hospital, Dana-Farber Cancer Institute, Nationwide Children’s
Hospital, Cincinnati Children’s Hospital Medical Center, Columbia University, the University of Pennsylvania, AstraZeneca plc
and Dr. Reddy’s Laboratories Ltd.
Following
the exclusive license or other acquisition of the intellectual property underpinning a product or product candidate, Fortress leverages
its business, scientific, regulatory, legal and financial expertise to help the partners achieve their goals. Partner companies then assess
a broad range of strategic arrangements to accelerate and provide additional funding to support research and development, including joint
ventures, partnerships, out-licensings, and public and private financings. To date, three partner companies are publicly-traded, and three
have consummated strategic partnerships with industry leaders Alexion Pharmaceuticals, Inc., InvaGen Pharmaceuticals, Inc. (“InvaGen”)
(a subsidiary of Cipla Limited) and Sentynl Therapeutics, Inc. (“Sentynl”).
Several
of our partner companies possess licenses to product candidate intellectual property, including Aevitas Therapeutics, Inc. (“Aevitas”),
Avenue Therapeutics, Inc. (“Avenue”), Baergic Bio, Inc. (“Baergic”), Caelum Biosciences, Inc. (“Caelum”),
Cellvation, Inc. (“Cellvation”), Checkpoint Therapeutics, Inc. (“Checkpoint”), Cyprium Therapeutics, Inc.
(“Cyprium”), FBIO Acquisition Corp. VIII, Helocyte, Inc. (“Helocyte”), Journey Medical Corporation (“Journey”
or “JMC”), Mustang Bio, Inc. (“Mustang”) and Oncogenuity, Inc. (“Oncogenuity”).
Our principal executive offices
are located at 2 Gansevoort Street, 9th Floor, New York, New York 10014, and our telephone number is 781-652-4500. We maintain a website
on the internet at www.fortressbiotech.com and our e-mail address is info@fortressbiotech.com. Our internet website, and the information
contained on it, are not to be considered part of this prospectus.
Dividend Payment and Exchange Agreement
On March 31, 2021, we executed
a Dividend Payment and Exchange Agreement (the “Dividend Agreement”) for the benefit of the holders of Journey’s 8%
Cumulative Convertible Class A Preferred Stock (the “Journey Preferred Stock”), pursuant to which we agreed to pay cumulative
dividends on the Journey Preferred Stock in shares of our common stock, $0.001 par value per share (the “Securities”).
In addition, in connection
with the Dividend Agreement, we entered into a Registration Rights Agreement with the selling stockholders (the “Registration Rights
Agreement”) in which we agreed to prepare and file with the SEC a registration statement with respect to resales of the Securities
issued to the selling stockholders as dividends on the Journey Preferred Stock. Accordingly, as required by the Registration Rights Agreement,
the registration statement of which this prospectus is a part relates to the offer and resale of the Securities issued to the selling
stockholders under the terms of the Journey Preferred Stock and in connection with the Dividend Agreement.
THE OFFERING
Issuer
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Fortress Biotech, Inc.
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Securities Offered by Selling Stockholders
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600,000 shares of the Company’s common stock, par value $0.001 per share, issuable as dividends to the selling stockholders in accordance with the terms of the Journey Preferred Stock and the Dividend Agreement.
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Terms of the offering
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The selling stockholders will each determine when and how they will sell the Securities offered in this prospectus, as described in the “Plan of Distribution.”
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Use of proceeds
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We will not receive any proceeds from the sale of the Securities by the selling stockholders in this offering. See “Use of Proceeds.”
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Risk factors
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See “Risk Factors” incorporated by reference into this prospectus from our most current Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, for a discussion of certain factors you should carefully consider before deciding to invest in shares of our common stock.
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Nasdaq Capital Market symbol
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FBIO.
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RISK FACTORS
Investing in our securities
involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described in the sections
entitled “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as filed
with the SEC, which are incorporated herein by reference in their entirety, as well any amendment or updates to our risk factors reflected
in subsequent filings with the SEC, including any applicable prospectus supplement. For a description of these reports and documents,
and information about where you can find them, see “Where You Can Find More Information” and “Incorporation of Certain
Information by Reference.” Each of the risk factors could adversely affect our business, results of operations, financial condition
and cash flows, as well as adversely affect the value of an investment in our securities, and the occurrence of any of these risks might
cause you to lose all or part of your investment. In addition to the risk described below, other risks not presently known to us or that
we currently believe are immaterial may also significantly impair our business operations.
Our business and operations would suffer in the event of computer
system failures, cyber-attacks, or deficiencies in our or third parties’ cybersecurity.
We are increasingly dependent upon information technology systems,
infrastructure, and data to operate our business. In the ordinary course of business, we collect, store, and transmit confidential information,
including, but not limited to, information related to our intellectual property and proprietary business information, personal information,
and other confidential information. It is critical that we maintain such confidential information in a manner that preserves its confidentiality
and integrity. Furthermore, we have outsourced elements of our operations to third party vendors, who each have access to our confidential
information, which increases our disclosure risk.
We are in the process of implementing our internal security and business
continuity measures and developing our information technology infrastructure. Our internal computer systems and those of current and future
third parties on which we rely may fail and are vulnerable to damage from computer viruses and unauthorized access. Our information technology
and other internal infrastructure systems, including corporate firewalls, servers, data center facilities, lab equipment, and connection
to the internet, face the risk of breakdown or other damage or interruption from service interruptions, system malfunctions, natural disasters,
terrorism, war, and telecommunication and electrical failures, as well as security breaches from inadvertent or intentional actions by
our employees, contractors, consultants, business partners, and/or other third parties, or from cyber-attacks by malicious third parties
(including the deployment of harmful malware, ransomware, denial-of-service attacks, social engineering and other means to affect service
reliability and threaten the confidentiality, integrity and availability of information), each of which could compromise our system infrastructure
or lead to the loss, destruction, alteration, disclosure, or dissemination of, or damage or unauthorized access to, our data or data that
is processed or maintained on our behalf, or other assets.
If such an event were to occur and cause interruptions in our operations,
it could result in a material disruption of our development programs and our business operations, and could result in financial, legal,
business, and reputational harm to us. For example, in 2021, our partner company Journey was the victim of a cybersecurity incident that
affected its accounts payable function and led to approximately $9.5 million in wire transfers being misdirected to fraudulent accounts.
The details of the incident and its origin are under investigation with the assistance of third-party cybersecurity experts working at
the direction of legal counsel. The matter was reported to the Federal Bureau of Investigation and does not appear to have compromised
any personally identifiable information or protected health information. As Journey’s controlling stockholder and supporting partner
in back-office functions, Fortress provided Journey with $9.5 million to ensure its accounts payable operations continue to function smoothly.
Fortress and Journey may incur additional expenses and losses as a result of this cybersecurity incident, including those related to investigation
fees and remediation costs. Fortress’ management has determined that the incident was a result of a material weakness in the design of controls within the Fortress
control environment.
In addition, the loss or corruption of, or other damage to, clinical
trial data from completed or future clinical trials could result in delays in our regulatory approval efforts and significantly increase
our costs to recover or reproduce the data. Likewise, we rely on third parties for the manufacture of our drug candidates or any future
drug candidates and to conduct clinical trials, and similar events relating to their systems and operations could also have a material
adverse effect on our business and lead to regulatory agency actions. The risk of a security breach or disruption, particularly through
cyber-attacks or cyber intrusion, including by computer hackers, foreign governments, and cyber terrorists, has generally increased as
the number, intensity, and sophistication of attempted attacks and intrusions from around the world have increased. Sophisticated cyber
attackers (including foreign adversaries engaged in industrial espionage) are skilled at adapting to existing security technology and
developing new methods of gaining access to organizations’ sensitive business data, which could result in the loss of proprietary
information, including trade secrets. We may not be able to anticipate all types of security threats, and we may not be able to implement
preventive measures effective against all such security threats. The techniques used by cyber criminals change frequently, may not be
recognized until launched, and can originate from a wide variety of sources, including outside groups such as external service providers,
organized crime affiliates, terrorist organizations, or hostile foreign governments or agencies.
Any security breach or other event leading to the loss or damage to,
or unauthorized access, use, alteration, disclosure, or dissemination of, personal information, including personal information regarding
clinical trial subjects, contractors, directors, or employees, our intellectual property, proprietary business information, or other confidential
or proprietary information, could directly harm our reputation, enable competitors to compete with us more effectively, compel us to comply
with federal and/or state breach notification laws and foreign law equivalents, subject us to mandatory corrective action, or otherwise
subject us to liability under laws and regulations that protect the privacy and security of personal information. Each of the foregoing
could result in significant legal and financial exposure and reputational damage that could adversely affect our business. Notifications
and follow-up actions related to a security incident could impact our reputation or cause us to incur substantial costs, including legal
and remediation costs, in connection with these measures and otherwise in connection with any actual or suspected security breach. We
expect to incur significant costs in an effort to detect and prevent security incidents and otherwise implement our internal security
and business continuity measures, and actual, potential, or anticipated attacks may cause us to incur increasing costs, including costs
to deploy additional personnel and protection technologies, train employees, and engage third-party experts and consultants. We may face
increased costs and find it necessary or appropriate to expend substantial resources in the event of an actual or perceived security breach.
The costs related to significant security breaches
or disruptions could be material, and our insurance policies may not be adequate to compensate us for the potential losses arising from
any such disruption in, or failure or security breach of, our systems or third-party systems where information important to our business
operations or commercial development is stored or processed. In addition, such insurance may not be available to us in the future on economically
reasonable terms, or at all. Further, our insurance may not cover all claims made against us and could have high deductibles in any event,
and defending a suit, regardless of its merit, could be costly and divert management attention. Furthermore, if the information technology
systems of our third-party vendors and other contractors and consultants become subject to disruptions or security breaches, we may have
insufficient recourse against such third parties and we may have to expend significant resources to mitigate the impact of such an event,
and to develop and implement protections to prevent future events of this nature from occurring.
USE OF PROCEEDS
We will not receive any proceeds
from the sale of the Securities covered by this prospectus and any accompanying prospectus supplement. All proceeds from the sale of the
Securities will be for the respective accounts of the selling stockholders named herein.
We
will bear all other costs, fees and expenses incurred in effecting the registration of the Securities covered by this prospectus and any
accompanying prospectus supplement, including, without limitation, all registration and filing fees, Nasdaq listing fees and fees and
expenses of our counsel and our accountants, in accordance with the terms of the Registration Rights Agreement entered into by and among
the Company and the selling stockholders in connection with the Dividend Agreement on March 31, 2021. Each selling stockholder will pay
any discounts, commissions, and fees of underwriters, selling brokers, dealer managers or similar securities industry professionals incurred
by such selling stockholder in disposing of the Securities covered by this prospectus.
THE SELLING STOCKHOLDERS
We have prepared this prospectus
to allow the selling stockholders or their pledgees, donees, transferees or other successors in interest, to sell or otherwise dispose
of, from time to time, Securities issuable as dividends pursuant to the terms of the Journey Preferred Stock and the Dividend Agreement.
On March 31, 2021, we entered
the Dividend Agreement for the benefit of the holders of Journey Preferred Stock, pursuant to which we agreed to pay cumulative dividends
on the Journey Preferred Stock in Securities. In connection with certain registration rights that we granted to the selling stockholders
pursuant to the Registration Rights Agreement, we filed with the SEC a registration statement on Form S-3, of which this prospectus forms
a part, with respect to the resale or other disposition of the Securities offered by this prospectus from time to time on Nasdaq, in privately
negotiated transactions or otherwise. We have agreed to prepare and file amendments and supplements to the registration statement to the
extent necessary to keep the registration statement effective for the period of time required under our agreement with the selling stockholders.
The following table sets forth
the names of additional selling stockholders since the date of the last amendment to the registration statement. Should there be additional
sales of Journey Preferred Stock, we will file further post-effective amendments to the registration statement to add such purchasers
as additional selling stockholders. The aggregate number of Securities that the selling stockholders may offer and sell pursuant to this
prospectus is as yet undetermined. We will file a post-effective amendments to the registration statement to add such aggregate number
of Securities each selling stockholder may offer and sell as such dividends are paid. The selling stockholders may sell some, all or none
of the Securities. We do not know how long the selling stockholders will hold the Securities before selling them, and we currently have
no agreements, arrangements or understandings with any selling stockholder regarding the sale or other disposition of any of the Securities.
The Securities may be offered and sold from time to time by the selling stockholders pursuant to this prospectus.
Investor Information:
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Selling Stockholders(1)
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Shares of Common Stock
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Alan J Young Profit Sharing Plan
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320
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Alejandro J Messmacher
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480
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Alpesh Shah & Hina Shah
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640
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Andreas Ammelounx Living Trust
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640
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Applebaum Family LTD Partnership
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224
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Barry Lynn Coffee & Leslie Louise Coffee
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160
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Bishop Family Properties Ltd
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640
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Brian M Rubel
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192
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Brian Sundberg
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1,602
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Claude Roussel
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320
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Daniel Phillips & Linda Horne
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224
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Decompression LLC
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320
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Douglas Brody
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160
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Dyke Rogers
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1,281
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DZB LLC
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6,408
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Edmond P Brady & Kathleen M Brady
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320
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Eliezer Lubitch
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640
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Eric G Helt
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160
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Ernest J Mattei & Michele M Mattei
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320
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Fermo Jaeckle
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320
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Fred Harris
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160
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George Gomez Quintero
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256
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George J Strickler
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320
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Giuseppe Biasco
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320
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Glenn E Phillips
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160
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Gregory G Konsor
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736
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Gregory J Dovolis
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320
|
|
Guillermo Bodnar
|
|
|
128
|
|
Holroyd Family Revocable Trust
|
|
|
320
|
|
James Diemert
|
|
|
320
|
|
James Robert Fowler
|
|
|
320
|
|
Jeffrey K Warmann
|
|
|
640
|
|
Jeffrey Tunis
|
|
|
640
|
|
Joann Marie Fiore Borlack Alan Borlack JTWROS
|
|
|
480
|
|
Joann Zlotkin
|
|
|
640
|
|
Jodi A Richard
|
|
|
320
|
|
John D Merriam
|
|
|
160
|
|
John E. Bishop
|
|
|
320
|
|
John F Herbert & Jane E Herbert Revocable Trust
|
|
|
640
|
|
John M Gasidlo & Elizabeth Shimei
|
|
|
480
|
|
John O Dunkin
|
|
|
961
|
|
John Paul Todd
|
|
|
640
|
|
John T Kennedy
|
|
|
320
|
|
John Tobias
|
|
|
320
|
|
KBA Holdings LLC
|
|
|
961
|
|
Keith Family Trust
|
|
|
801
|
|
Keith R Schroeder
|
|
|
480
|
|
Kevin Paige
|
|
|
320
|
|
Kevin Paul McCarthy Revocable Trust
|
|
|
320
|
|
Kevin Seaman
|
|
|
160
|
|
Kevin Stein
|
|
|
640
|
|
Kiat Tze Goh
|
|
|
1,281
|
|
Lucy Lu
|
|
|
320
|
|
Marc L Goldstein
|
|
|
160
|
|
Mark Harrison
|
|
|
160
|
|
Marlin Capital Resources LLC
|
|
|
1,922
|
|
Matthew Budine
|
|
|
320
|
|
Michael J Cowell
|
|
|
1,281
|
|
Michael K Robson & Ida Robson
|
|
|
224
|
|
Morris A Arnston Family Trust
|
|
|
640
|
|
MSB Family Trust
|
|
|
1,602
|
|
Nathaniel Marmur
|
|
|
640
|
|
Neel B Ackerman & Martha N Ackerman
|
|
|
3,204
|
|
Ouachita Capital LLC
|
|
|
1,281
|
|
Paule E Hoyle
|
|
|
320
|
|
Perry Sutaria
|
|
|
320
|
|
Praful Desai
|
|
|
320
|
|
Raj M Sutaria
|
|
|
320
|
|
Ramachandra C Reddy
|
|
|
320
|
|
Randy L Burns
|
|
|
640
|
|
Raymond Joseph Tesi
|
|
|
3,204
|
|
Richard K Hursey
|
|
|
320
|
|
Richard S. Simms
|
|
|
320
|
|
Robert C Ackerman
|
|
|
640
|
|
Robert D Priday
|
|
|
640
|
|
Robert J Calabro
|
|
|
640
|
|
Robert Singer
|
|
|
160
|
|
Roberto Mendez & Eliana Cardenas JTWROS
|
|
|
269
|
|
Ronald Finestone
|
|
|
160
|
|
Rong Zheng
|
|
|
160
|
|
Ruchir Gupta
|
|
|
160
|
|
S 2 Yachts, Inc.
|
|
|
6,408
|
|
S Alan Lisenby Sr. & Patricia Lisenby
|
|
|
320
|
|
Scott A Brody
|
|
|
160
|
|
Sharon M Crowder DDS
|
|
|
640
|
|
Shiloh Produce
|
|
|
3,204
|
|
Steve R Cruse
|
|
|
961
|
|
Steven A Waters & Jenger H Waters
|
|
|
640
|
|
Steven Zaloga
|
|
|
640
|
|
Stormy Adams & Zachary L Adams
|
|
|
961
|
|
Tanju Obut & Tina S Obut
|
|
|
640
|
|
The David G Franz Family Trust
|
|
|
961
|
|
THE KEVIN R MACK REVOCABLE TRUST
|
|
|
320
|
|
The Temkin Family Legacy Trust No.2
|
|
|
224
|
|
Thomas Gemellaro
|
|
|
160
|
|
Tim Montgomery
|
|
|
961
|
|
Venuti Family Trust
|
|
|
640
|
|
Vernon L Simpson Revocable Living Trust 2
|
|
|
640
|
|
VGNT Holdings LLC
|
|
|
320
|
|
Wade D Hutchings & Galadriel Hutchings
|
|
|
320
|
|
William Silver
|
|
|
1,602
|
|
Wing Real Estate LLC
|
|
|
640
|
|
Winterset Associates, GP
|
|
|
640
|
|
Wuethrich Investments, LLC
|
|
|
320
|
|
James J Peters
|
|
|
640
|
|
David Porter & Linda Porter
|
|
|
640
|
|
John Roth
|
|
|
640
|
|
J & C Resources LLC
|
|
|
1,281
|
|
Rivki Davidowitz Rosenwald
|
|
|
3,844
|
|
Ian Milne
|
|
|
640
|
|
Christopher Ulcak
|
|
|
160
|
|
Peter Anderson
|
|
|
480
|
|
Dov Klein
|
|
|
480
|
|
Gerald A Tomsic 1995 Trust
|
|
|
640
|
|
The Marianne Higgins Revoc Trust
|
|
|
320
|
|
Tom McBride
|
|
|
160
|
|
Mark Greenwald
|
|
|
160
|
|
Robert Forst
|
|
|
640
|
|
Suresh A. Patel
|
|
|
480
|
|
KT Investments II LLC
|
|
|
320
|
|
Evergreen Capital Management LLC
|
|
|
1,602
|
|
Mr. and Mrs. Samuel Oschin Foundation
|
|
|
3,204
|
|
John Wirtz III
|
|
|
224
|
|
The Bruce Jeffrey Schwartz & Kathryn Diane Goller LIV Trust
|
|
|
160
|
|
Guy & Sue Harper
|
|
|
224
|
|
Ali Khan
|
|
|
640
|
|
Devesh Pathak
|
|
|
320
|
|
DESIIPO21
|
|
|
384
|
|
John & Andrea Foote
|
|
|
256
|
|
Jordan Family LLC
|
|
|
542
|
|
R. Douglas Armstrong
|
|
|
542
|
|
Keith Family Trust (2)
|
|
|
135
|
|
Lindsay A. Rosenwald, M.D.
|
|
|
8,133
|
|
Peter Anderson (2)
|
|
|
189
|
|
DAK Investments (US) Corp.
|
|
|
5,422
|
|
Bruce C. Conway
|
|
|
542
|
|
Gary Baddeley
|
|
|
271
|
|
Harris Lydon
|
|
|
271
|
|
Josiah T. Austin
|
|
|
1,084
|
|
Laurence Lytton
|
|
|
1,084
|
|
Peter J. Crowley
|
|
|
1,626
|
|
YJP International Limited
|
|
|
1,626
|
|
Klaus Kretschmer
|
|
|
813
|
|
RRSJ Associates
|
|
|
1,355
|
|
Malcolm I. Hoenlein
|
|
|
406
|
|
Eldgarn Family Trust
|
|
|
1,042
|
|
Total
|
|
|
116,866
|
|
|
(1)
|
The principal business address and address for notice to the selling stockholders will be the address set forth in our books and records.
|
Relationship with the Selling Stockholders
Dividend Payment and Exchange Agreement
On March 31, 2021, we executed
the Dividend Agreement for the benefit of the holders of the Journey Preferred Stock, pursuant to which we agreed to pay cumulative dividends
on the Journey Preferred Stock in Securities.
Registration Rights Agreement
Pursuant to the Registration
Rights Agreement with the selling stockholders, we agreed to prepare and file with the SEC the registration statement, of which this prospectus
forms a part, that permits the resale of the Securities and, subject to certain exceptions, to use reasonable best efforts to keep such
registration statement effective under the Securities Act until (i) all Securities registered by the registration statement have been
sold, transferred or otherwise disposed of by the selling stockholders, (ii) the Securities are sold, transferred or otherwise disposed
of pursuant to Rule 144 of the Securities Act, or (iii) the Securities have become eligible for sale by the selling stockholders pursuant
to Rule 144 without any restriction on the volume or manner of such sale and all restrictive legends and stop transfer instructions have
been removed with respect to all book entries representing the Securities.
We have also agreed, among
other things, to indemnify the selling stockholders and their officers, directors, members, employees and agents, successors and assigns,
and any person who controls either of the selling stockholders (within the meaning of the Securities Act or the Exchange Act) from all
losses and liabilities arising out of or relating to any untrue statement or alleged untrue statement or omission or alleged omission
of material fact relating to the Securities in this prospectus or the registration statement of which this prospectus forms a part.
Except as described above,
neither the selling stockholders nor any persons having control over such selling stockholders have held any position or office with us
or our affiliates within the last three years or has had a material relationship with us or any of our predecessors or affiliates within
the past three years, other than as a result of the ownership of shares of our common stock or other securities.
DESCRIPTION OF CAPITAL STOCK
The following description summarizes the material
terms of Fortress capital stock as of the date of this registration statement. Because it is only a summary, it does not contain all the
information that may be important to you. For a complete description of our capital stock, you should refer to our certificate of incorporation,
our bylaws and to the provisions of applicable Delaware law.
Common Stock
Our common stock is traded on The Nasdaq Capital
Market under the symbol “FBIO.” The last reported sale price of our common stock on April 7, 2021 was $4.24 per share.
The Company’s Certificate of Incorporation,
as amended, authorizes the Company to issue 150,000,000 shares of $0.001 par value common stock of which 94,877,492 shares were
outstanding at December 31, 2021.
The terms, rights, preference and privileges of
our common stock are as follows:
Voting Rights
Each holder of our common stock is entitled to
one vote per share of common stock held on all matters submitted to a vote of the stockholders, including the election of directors. The
Company’s certificate of incorporation and bylaws do not provide for cumulative voting rights.
Dividends
Subject to preferences that may be applicable to
any then-outstanding preferred stock, the holders of the Company’s outstanding shares of common stock are entitled to receive dividends,
if any, as may be declared from time to time by the Company’s Board of Directors out of legally available funds.
Liquidation
In the event of the Company’s liquidation,
dissolution or winding up, holders of common stock will be entitled to share ratably in the net assets legally available for distribution
to stockholders after the payment of all of the Company’s debts and other liabilities, subject to the satisfaction of any liquidation
preference granted to the holders of any outstanding shares of preferred stock.
Rights and Preference
Holders of the Company’s common stock have
no preemptive, conversion or subscription rights, and there is no redemption or sinking fund provisions applicable to our common stock.
The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected by, the rights of
the holders of shares of any series of the Company’s preferred stock that are or may be issued.
Fully Paid and Nonassessable
All of the Company’s outstanding shares of
common stock are fully paid and nonassessable.
PLAN OF DISTRIBUTION
The selling stockholders,
which as used herein includes donees, pledgees, transferees or other successors-in-interest selling shares of common stock or interests
in shares of common stock received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution
or other transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of common stock or interests
in shares of common stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions.
These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market
price, at varying prices determined at the time of sale, or at negotiated prices.
The selling stockholders may
use any one or more of the following methods when disposing of shares or interests therein:
|
-
|
ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;
|
|
-
|
block trades in which the broker-dealer will attempt to sell the shares
as agent, but may position and resell a portion of the block as principal to facilitate the transaction;
|
|
-
|
purchases by a broker-dealer as principal and resale by the broker-dealer
for its account;
|
|
-
|
an exchange distribution in accordance with the rules of the applicable
exchange;
|
|
-
|
privately negotiated transactions;
|
|
-
|
short sales effected after the date the registration statement of which
this Prospectus is a part is declared effective by the SEC;
|
|
-
|
through the writing or settlement of options or other hedging transactions,
whether through an options exchange or otherwise;
|
|
-
|
broker-dealers may agree with the selling stockholders to sell a specified
number of such shares at a stipulated price per share;
|
|
-
|
a combination of any such methods of sale; and
|
|
-
|
any other method permitted by applicable law.
|
The selling stockholders may,
from time to time, pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default
in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from time
to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities
Act amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders
under this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances, in which case the
transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.
In connection with the sale
of our common stock or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling
stockholders may also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or
pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option
or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities which require
the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer
or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).
The aggregate proceeds to
the selling stockholders from the sale of the common stock offered by them will be the purchase price of the common stock less discounts
or commissions, if any. Each of the selling stockholders reserves the right to accept and, together with their agents from time to time,
to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of
the proceeds from this offering.
The selling stockholders also
may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act of 1933, provided
that they meet the criteria and conform to the requirements of that rule.
The selling stockholders and
any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests therein may be "underwriters"
within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of
the shares may be underwriting discounts and commissions under the Securities Act. Selling stockholders who are "underwriters"
within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities Act.
To the extent required, the
shares of our common stock to be sold, the names of the selling stockholders, the respective purchase prices and public offering prices,
the names of any agents, dealer or underwriter, any applicable commissions or discounts with respect to a particular offer will be set
forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes
this prospectus.
In order to comply with the
securities laws of some states, if applicable, the common stock may be sold in these jurisdictions only through registered or licensed
brokers or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or
an exemption from registration or qualification requirements is available and is complied with.
We have advised the selling
stockholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to
the activities of the selling stockholders and their affiliates. In addition, to the extent applicable we will make copies of this prospectus
(as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus
delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions
involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.
We have agreed to indemnify
the selling stockholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the
registration of the shares offered by this prospectus.
We have agreed with the selling stockholders to
keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) such time as all of the
shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or (2) the date
on which all of the shares may be sold without restriction pursuant to Rule 144 of the Securities Act.
LEGAL MATTERS
Certain legal matters will be passed upon for us
by Alston & Bird LLP, New York, New York. Additional legal matters may be passed upon for us or any underwriters, dealers or agents,
by counsel that we will name in the applicable prospectus supplement.
EXPERTS
The financial statements as of December 31, 2020
and 2019, and for each of the two years in the period ended December 31, 2020, incorporated by reference in this Prospectus, have been
so incorporated in reliance on the reports of BDO USA, LLP, an independent registered public accounting firm, incorporated herein by reference,
given on the authority of said firm as experts in auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We have filed with the SEC
a registration statement on Form S-3 under the Securities Act with respect to the Securities offered hereby. This prospectus
does not contain all of the information set forth in the registration statement and the exhibits and schedules thereto. For further information
with respect to the Company and its Securities, reference is made to the registration statement and the exhibits and any schedules filed
therewith. Statements contained in this prospectus as to the contents of any contract or other document referred to are not necessarily
complete and in each instance, if such contract or document is filed as an exhibit, reference is made to the copy of such contract or
other document filed as an exhibit to the registration statement, each statement being qualified in all respects by such reference. A
copy of the registration statement, including the exhibits and schedules thereto, may be read and copied at the SEC’s Public Reference
Room at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Room may be obtained by calling
the SEC at 1-800-SEC-0330. In addition, the SEC maintains an internet site at www.sec.gov, from which interested persons can electronically
access the registration statement, including the exhibits and any schedules thereto.
We are subject to the information
reporting requirements of the Exchange Act, and we file periodic reports and other information with the SEC. All documents filed
with the SEC are available for inspection and copying at the addresses set forth above. We also maintain an internet site at www.fortressbiotech.com.
Our website and the information contained therein or connected thereto shall not be deemed to be incorporated into this prospectus or
the registration statement of which it forms a part.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows us to “incorporate
by reference” the information we file with them which means that we can disclose important information to you by referring you
to those documents instead of having to repeat the information in this prospectus. The information incorporated by reference is considered
to be part of this prospectus, and later information that we file with the SEC will automatically update and supersede this information.
This prospectus incorporates by reference the documents listed below (other than, unless otherwise specifically indicated, current reports
furnished under Item 2.02, Item 7.01 or Item 9.01 of Form 8-K and exhibits filed on such form that are related to such items):
|
(b)
|
Our
Quarterly Reports on Form 10-Q for the quarter ended March 31, 2021, filed with the SEC on May
17, 2021 and for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021;
|
|
(c)
|
Our
Current Reports on Form 8-K filed with the SEC on February
24, 2021, March
31, 2021, April
1, 2021, April
13, 2021, May
17, 2021, June
17, 2021, June
23, 2021; July
15, 2021; July
29, 2021; August
16, 2021; August
27, 2021; September
24, 2021; September
28, 2021; September
29, 2021; October
6, 2021 and October 27, 2021;
|
|
(d)
|
Our Definitive
Proxy Statement on Schedule 14A, filed with the SEC on April 30, 2021; and
|
|
(e)
|
The description
of the Common Stock as included under the caption “Description of Registrant’s Securities to be Registered” in
our Registration Statements on Form 8-A12B filed with the Commission on December 7, 2011 and November 7, 2017, and
any amendment or report filed for the purpose of further updating such descriptions.
|
All reports and other documents
we subsequently file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the termination of this offering,
including all such documents we may file with the SEC after the date of the initial registration statement and prior to the effectiveness
of the registration statement, but excluding any information furnished to, rather than filed with, the SEC, will also be incorporated
by reference.
Fortress Biotech, Inc.
600,000 Shares of Common Stock
PROSPECTUS
  , 2021
Item 16. Exhibits and Financial Statement
Schedules
The exhibits to the Registration
Statement are listed in the Exhibit Index attached hereto and incorporated by reference herein.
EXHIBIT INDEX
Exhibit
Number
|
|
Description
|
3.1
|
|
Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.1 to Form 10-12G on July 15, 2011 (File no. 000-54463) and incorporated herein by reference.**
|
3.2
|
|
First Certificate of Amendment of Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.2 to Form 10-12G on July 15, 2011 (File no. 000-54463) and incorporated herein by reference.**
|
3.3
|
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.1 on the Form 8-K, filed with the Securities and Exchange Commission on June 19, 2020 and incorporated herein by reference.**
|
3.4
|
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.1 to the
Form 8-K filed on June 23, 2021 and incorporated herein by reference.**
|
3.5
|
|
Certificate of Amendment to the Certificate of Designations of Rights and Preferences of the Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock under the Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.2 on the Form 8-K filed with the Securities and Exchange Commission on June 19, 2020 and incorporated herein by reference.**
|
3.6
|
|
Second Amended and Restated Bylaws of Fortress Biotech, Inc., filed as Exhibit 3.7 to Form 8-K on October 31, 2013 (File no. 001-35366) and incorporated herein by reference.**
|
4.1
|
|
Specimen certificate evidencing shares of common stock, filed as Exhibit 4.1 to Form 10-12G on July 15, 2011 (File no. 000-54463) and incorporated herein by reference.**
|
4.2
|
|
Form of Preferred Stock Designation.♢
|
4.3
|
|
Form of Warrant Agreement.♢
|
4.4
|
|
Form of Common Stock Warrant Agreement and Warrant Certificate.♢
|
4.5
|
|
Form of Indenture, filed as Exhibit 4.5 to Form S-3/A on July 20, 2018 and incorporated herein by reference.**
|
4.6
|
|
Form of Note.♢
|
4.7
|
|
Form of Unit Agreement.♢
|
5.1
|
|
Opinion of Alston & Bird LLP.**
|
23.1
|
|
Consent of BDO USA, LLP, Independent Registered Accounting Firm.#
|
23.2
|
|
Consent of Alston & Bird LLP (to be included in Exhibit 5.1). **
|
24.1
|
|
Power of Attorney (included on signature page).**
|
25.1
|
|
Statement of Eligibility of Trustee Under Debt Indenture.*
|
_________________________
|
*
|
To be filed, if necessary, separately pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939.
|
|
♢
|
To be filed by amendment or as an exhibit to a document to be incorporated by reference herein in connection
with an offering of our securities to the extent applicable.
|
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
FORTRESS BIOTECH INC.
|
|
|
|
|
November 3, 2021
|
By:
|
/s/ Lindsay A. Rosenwald, M.D.
|
|
|
|
Lindsay A. Rosenwald, M.D.
|
|
|
|
Chairman, President and Chief Executive Officer (Principal Executive Officer)
|
|
Pursuant to the requirements of the Securities
Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated as of November 3,
2021.
Signature
|
Title
|
Date
|
|
|
|
/s/ Lindsay A. Rosenwald, M.D.
Lindsay A. Rosenwald, M.D.
|
Chairman of the Board of Directors,
President and Chief Executive Officer
(Principal Executive Officer)
|
November 3, 2021
|
|
|
|
/s/ Robyn M. Hunter
Robyn M. Hunter
|
Chief Financial Officer
(Principal Financial Officer)
|
November 3, 2021
|
|
|
|
*
|
Vice Chairman of the Board of Directors
|
November 3, 2021
|
Eric K. Rowinsky, M.D.
|
|
|
|
|
|
*
|
Executive Vice Chairman, Strategic
|
November 3, 2021
|
Michael S. Weiss
|
Development and Director
|
|
|
|
|
*
|
Director
|
November 3, 2021
|
Jimmie Harvey, Jr., M.D.
|
|
|
|
|
|
*
|
Director
|
November 3, 2021
|
Malcolm Hoenlein
|
|
|
|
|
|
*
|
Director
|
November 3, 2021
|
Dov Klein
|
|
|
|
|
|
*
|
Director
|
November 3, 2021
|
J. Jay Lobell
|
|
|
|
|
|
*
|
Director
|
November 3, 2021
|
Kevin L.
Lorenz, J.D.
|
|
|
|
|
|
|
*/s/ Lindsay A. Rosenwald, M.D.
|
|
|
|
Attorney-in-fact
|
|
|
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