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FBIO will almost move in carbon copy fashion to Mustang BIO so keep it on your watch-lists with buy orders in place for what could be a very frantic but rewarding move. Treat with caution and be agile for entry and exit.
Fortress-founded Caelum Biosciences to receive $60 million in a strategic equity investment and option fee
Alexion has option to acquire Caelum Biosciences based on Phase 2 data
Phase 1/2 preliminary data due at IASLC September 24, 2018.
FBIO has rejected the upper trendline of this triangle and it's pointing down. I'm expecting one more wave down with a potential test on lower trendline.