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ANNOUNCEDSpinoffTax-Free Spinoff
AnaptysBio First Tracks Biotherapeutics
ANABAnaptysBioNASDAQ
Parent Company
AnaptysBio
ANAB
Biotechnology
SpinCo / Target
First Tracks Biotherapeutics
ANNOUNCED
2025-09-29
EXPECTED
April 2026
MARKET CAP
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DEAL VALUE
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Summary
AnaptysBio is spinning off its early-stage pipeline assets into First Tracks Biotherapeutics, allowing the parent to focus on its lead clinical programs while giving the SpinCo independent access to capital markets.