Antibe Therapeutics Inc(Pre-Merger) ATBPF

RE:Looks like funding may be in place already

[JohnEnglish]

I think that's a good question. They had a similiar agreement with a Latin American partner but they put out a press release last April announcing that LOI had been cancelled. If the same happened with the Chinese partner I'd imagine they'd have to do the same so I think it's fair to assume that it's still in place.

This may be part of the reason why they're running the additional validation studies prior to commencing Phase 2 trials. I would imagine that the agreement they have with the Chinese company is not just a "start Phase 2 and we'll cover all the costs" type deal. I assume there would be all sorts of prerequisites prior to getting funding. Since Phase 1 didn't go exactly as planned, these validation studies may be part of the process showing that the drug is still effective so that they can get access to all or part of that funding to start Phase 2 trials.