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Argenx to buy Forte Biosciences for about $2.2 billion
The all-cash deal adds Forte’s FB102, a first-in-class anti-CD122 antibody with Phase 1b data in vitiligo and celiac disease.
- On Monday, July 27, 2026, Argenx announced a definitive agreement to acquire Forte Biosciences for $77 per share in cash, representing a total equity value of approximately $2.2 billion.
- Following positive FB102 Phase 1b data in vitiligo and celiac disease, Forte Biosciences' candidate emerged as a potential pipeline-in-a-product addressing multiple autoimmune conditions with significant unmet need.
- Argenx's offer represents a premium of approximately 86% over Forte Biosciences' volume-weighted average price since positive vitiligo data was reported on July 9, 2026.
- The company will host an investor conference call today at 8:00 a.m. ET to discuss the transaction, which is funded entirely from cash on hand without financing conditions.
- Expected to close in Q3 2026, the acquisition adds a differentiated approach to targeting pathogenic T-cell and NK-cell activity, broadening Argenx's ability to pursue immune-driven diseases.
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Argenx announced that it has reached an agreement to purchase Forte Biosciences for $2.2 billion, in a movement to strengthen its immunology portfolio. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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