GREY:ATBPF - Post by User
Comment by
Pragmatiston May 15, 2020 11:48pm
356 Views
Post# 31037140
RE:RE:Medical Perspective: Why ATB-346 in COVID-19 makes sense
RE:RE:Medical Perspective: Why ATB-346 in COVID-19 makes senseMUGMODs wrote: Antibe remains focused on the immediate goal - IMO.
The company has 6 million in cash and they need to use it wisely.
Echelon's $1.40 is really valuing the first drug after Phase 2 - from what I see.
That's where we are - waiting on data.
No one is going to value the company higher than that, at this moment.
Soon enough, we should see some of that value come into the share price ... if all goes as expected with the trial.
Risk is what holds the price down - IMO
Nice post Mugmods. Well said!
I would humbly add that a successful Phase 2 trial is only a way point to Antibe's end-
game. The real investment opportunities might well reside post trial results.