Antibe Therapeutics Inc(Pre-Merger) ATBPF

McWhirter Link

[retiredcf]

Second stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/robert-mcwhirter-s-past-picks~1986929

[retiredcf]

PAST TOP PICK   Antibe Therapeutics Inc. (ATE-X) June 30, 2020   (A Top Pick Aug 01/19, Up 24%) There's been a lot going here: the reported good phase 2 drug test results. They did financing recently and are planning for phase 3 which will cost $50 million, so they have enough cash for 18 months. The next phase will start in Q2 2021 and last two years. Generally, drugs

[MUGMODs]

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[bringon10bagger]

He didn't even convey the point of partnering with big pharma for phsse 3, huge miss on his part........imo still a holder and loading up at these levels....and what a stupid comment to say with phase 2 complete would fetch 600M.....all relevant to how big the prize is and ATE's case........HUGE prize, BEST in CLASS NSAID's multibillion payback .

[MUGMODs]

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[RalphRalph]

McWhirter's opinion about a current $600 million valuation seems reasonable to me.   I don't believe he said that's what it would or should fetch in a buyout; just that that number was a reasonable valuation given where Antibe is in the development process.  I doubt that any big Pharma would currently offer Antibe (with a $125 million market cap) a $1 billion

[PhillUpBanks]

Ralph I do not believe the latest Deal for 28 million(or whatever the exact amount) was intended for phase 3. The company has stated this a few times. I believe they have another direction in mind or they could have raised enough to go through phase 3 alone.. but i am just making assumptions like everyone else. None of us "stock house experts" really know I guess we just have to  

[RalphRalph]

My guess would be that Antibe's  strategy regarding the recent raise was to have enough cash to be able to fund expenses related to initiating Phase 3 - although it obviously is not enough to finish it.    It would not be prudent to delay the start of Phase 3 until a major market partnership has been reached, if the company expects that negotiation to take a prolonged period

[MUGMODs]

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[bringon10bagger]

Often wondered if Dan and Team has an minimum exit point in terms of $$$, a Bayer should be 1st up at table .....with their blank cheque...and then again any big pharma-all cashed up, could easily go to highest bidder. 

[MUGMODs]

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[dns236]

McWhirter believes strongly in "Stop Loss Orders" and him and his family are shown to hold no shares. So he got out with a good profit!