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Forty Seven, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2019 10-K, filed Mar 20, 2020. Its latest SEC filing is a 15-12B from Apr 17, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Develops antibody treatments for people with cancer, including magrolimab, and antibody-based conditioning treatments for stem-cell transplantation.

How Did They Make Money?

Partners pay for licenses to the company's intellectual property through an upfront amount, with possible future milestone payments and royalties. The license payment is tied to when the partner can use and benefit from the license.

FY2019 revenue

Who Were Their Customers?

License and research-collaboration partners include Ono, bluebird bio, and Rocket Pharmaceuticals. The company planned to build its own sales capabilities in the United States and European Union and use third-party partners in other markets if products were approved.

Did Revenues Turn Into Profits?

No. It lost $87.6M in FY2019.

Operating income, FY2019
−565% of revenue
Net income, FY2019
−559% of revenue
Free cash flow, FY2019
−501% of revenue

How Were They Changing?

Since the FY2019 annual report
  • Apr 7, 2020 Gilead completed its acquisition of Forty Seven Forty Seven became a wholly owned subsidiary of Gilead after the offer and merger closed.

Who Did They Compete With?

Competes with Celgene, Trillium Therapeutics, ALX Oncology, Arch Oncology, Surface Oncology, Novimmune, OSE Immunotherapeutics, Innovent, I-MAB BIOPHARMA, Aurigene Discovery Technologies, Magenta, Jasper, and Amgen

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