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Lobe Sciences Ltd. C.LOBE

Alternate Symbol(s):  LOBEF

Lobe Sciences is a leading “BioPsychedelic” company entering clinical stage development focused on transforming psychedelic medicine to benefit patients of all ages. We are engaged in research and development using psychedelic and non-psychedelic compounds targeting the 5HT2 receptor family. Our team is made up of biotech executives who collectively have managed the development and regulatory approval of revolutionary drugs around the globe.


CSE:LOBE - Post by User

Post by AgileTraderon Feb 15, 2024 5:42pm
87 Views
Post# 35882975

Looks like $LOBE has been busy in 2023

Looks like $LOBE has been busy in 2023

Year end financials are out and it looks like 2024 might be the year the stock runs thanks to Altemia, which is the company's first commercial product. It's a medical food for the management of Sickle Cell Disease. Considering the high cost associated to CRISPR's recently approved treatment for SCD, this product seems like a very viable alternative to manage SCD. For the year ended Aug 2023, Altemia sales revenue was $840,531 for 1 quarter, which is impressive considering the sales contract was newly established with Pentec. Also interesting to note is that Lobe will issue 3,000,000 warrants subject to Altemia reaching $20 MIL in cumulative sales.

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