GREY:ATBPF - Post by User
Comment by
WalkOverTheStrton May 10, 2021 8:03am
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Post# 33163497
RE:The bigger picture w.r.t. the IBD drug ...
RE:The bigger picture w.r.t. the IBD drug ...MrMugsy biotechs with more than one shot on goal typically can recover from one of those drugs failing in preclinical. Down side is cash burn and dilution for raises.
Antibe experienced delays and believe a SAE based on a patient that lied about past liver issues (if memory serves) but none the less they are here. If Antibe resists offers until 346 or another drug is shown successful (if which is another high risk move) in human studies it could be until EOY 2022 before those results are issued (swag but based off past timelines of mgmt and if it is a phase 1 not lasting more than 60 days. I'd hope mgmt takes cash in hand for Oten and then builds out rest of pipeline. Oten can still fail and important to state if it did we SHs as well as Mgmt would be left with zero. Cash is oxygen to a biotech/startup.