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Antibe Therapeutics Inc(Pre-Merger) ATBPF

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

Post by davgroon Sep 29, 2023 1:01pm
281 Views
Post# 35662036

No Rush to Pickup ATE Shares, Tax Loss Selling Coming

No Rush to Pickup ATE Shares, Tax Loss Selling ComingAs I said in my previous post, investors are waiting until closer to calendar Q1 2024 to accumulate ATE shares as there will be no significant news until then. 

There has been no stock price appreciation since the announcement of Health Canada's approval to initiate the PK/PD study.  In fact, weak hands are selling stock into the bid probably anticipating that they can repurchase them cheaper later in 2023.

As Duster posted on September 19th; "maybe it will re-test it's 52 week low of 41 cents."
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