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Thursday, April 18, 2019

Mustang Bio rally lifts Fortress Bio

Fortress Biotech (NASDAQ:FBIO) is up 62% premarket on average volume in lockstep with the rally in subsidiary Mustang Bio (NASDAQ:MBIO) related to positive data from a clinical trial evaluating its lentiviral gene therapy in ten infants with bubble boy disease (lack of immunity).
Thinly traded MBIO is up 255% premarket on increased volume, albeit on turnover of only 56K shares.

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