FB-102 is a monoclonal antibody commercialized by Forte Biosciences, with a leading Phase I program in Celiac Disease. According to Globaldata, it is involved in 2 clinical trials, of which 1 was completed, and 1 is ongoing. GlobalData uses proprietary data and analytics to provide a complete picture of FB-102’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.

Smarter leaders trust GlobalData

The revenue for FB-102 is expected to reach an annual total of $24 mn by 2040 in the US based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.

FB-102 Overview

FB-102 is under development for the treatment of alopecia areata, celiac disease, graft versus host disease (GVHD) and vitiligo. It acts by targeting CD122. It is administered through intravenous and subcutaneous route.

Forte Biosciences Overview

Forte Biosciences is a biopharmaceutical company that focuses on autoimmune diseases. Its lead product candidate include FB-102 which is used for the for the treatment of autoimmune diseases such as graft-versus-host disease (GvHD), Vitiligo and Alopecia Areata (AA). GvHD is a complication associated with allogeneic hematopoietic stem cell transplantation. Vitiligo is a chronic disorder that causes patches of skin to lose pigment or color. Alopecia Areata is patches of hair loss occur on the scalp or the body. The Company’s FB-102 program address key pathways in indications with a CD122 antagonist. Forte Biosciences is headquartered in Torrance, California, the US.
The operating loss of the company was US$32.5 million in FY2023, compared to an operating loss of US$13.9 million in FY2022. The net loss of the company was US$31.5 million in FY2023, compared to a net loss of US$13.9 million in FY2022.

For a complete picture of FB-102’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.

This content was updated on 11 March 2024

Data Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company.

The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s Pharmaceutical Intelligence Center.