# Split and Conquer: Anaptys Bets on Sum of Parts

- slug: split-and-conquer-anaptys-bets-on-sum-of-parts
- date: 2026-03-27
- category: Biotech & Life Sciences

AnaptysBio is splitting itself in two — and betting that Wall Street will value each half more than the sum of the whole.

The San Diego biotech announced Thursday that its board has approved a spin-off of First Tracks Biotherapeutics, a clinical-stage immunology company that will begin regular-w...

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