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Antibe Therapeutics Inc(Pre-Merger) ATBPF

Healthcare
Antibe Therapeutics Inc. is a clinical-stage biotechnology company. The Company is leveraging its hydrogen sulfide (H2S) platform to develop therapies to target inflammation arising from a range of medical conditions. The Company’s pipeline includes assets that seek to overcome the gastrointestinal ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (NSAIDs). Its lead drug, otenaproxesul, is in clinical development as an alternative to opioids and NSAIDs for acute pain. Its second pipeline drug, ATB-352, is being developed for a specialized pain indication. The Company also focuses on inflammatory bowel disease (IBD). Otenaproxesul combines a moiety that releases hydrogen sulfide with naproxen, a non-steroidal, anti-inflammatory drug. ATB-352 is an H2S-releasing derivative of ketoprofen, a potent NSAID commonly prescribed for acute pain. Its IBD candidates are being designed to maintain the efficacy, safety, and pharmacokinetic properties of ATB-429.


GREY:ATBPF - Post by User

Antibe Therapeutics Inc(Pre-Merger) > (News Release)
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Comment by Duster340on Mar 22, 2024 12:21pm
124 Views
Post# 35947375

RE:RE:RE:RE:(News Release)

RE:RE:RE:RE:(News Release)
Montana5 wrote: An announcement that P2 has commenced (as was intended in Q1) would provide some confidence.
How are they going to keep the lights on at the antibe office let alone fund a P2 trial?
 
Cash Position: As of December 31, 2023, the Company had available cash balance and term deposits totaling $24.9 million

Antibe to refund the US$20 million upfront payment and pay interest and costs of approximately US$4 million.

any kind of financing if they can get it will be dillutive and not  share holders friendly. (20 million up front = not payments.)

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