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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)
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Comment by Jared1111on Mar 21, 2018 12:23pm
127 Views
Post# 27754047

RE:Cannot believe it

RE:Cannot believe itI suggest not worrying about this pullback too much as it seems pretty standard to me. Any time a stock jumps that much in one day, short term traders sell and some long term investors take a portion of their position off the table. Keep in mind the stock opened yesterday .79 and ended the day at .64 after 17,000,000 shares traded.

That means that everyone who bought yesterday is now down, and I gaurantee you that everyone who bought yesterday is holding out for significant gains after how positive that news was. I believe this will start a serious run very soon. This kind of pullback should be healthy and hopefully get rid of most of the day traders who aren't actually following the story.
Bullboard Posts
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