Antibe Therapeutics Inc(Pre-Merger) ATBPF

Strategic Exit?

[hammerman15]

Dan mentioned a strategic exit of otena.... Does that mean a buyout just for otena ? And then Antibe is out completely on anything otena in the future? Assuming it would be a few billion would that equate to that much in market cap?

[Tricks]

How would anyone on this board know?

[IrishCanuck]

Correct, you can buy Otena without buying the company and ATE loses all future rights to it, or we could sell it but retain royalties. There are a thousand business deals that could be structured. Pharma could buy ATE or just Otena and leave other IP intact. Both would make the share price go up 1) If we sold Otena then ATE gets cash and retains IP. That way the market value of each share is more

[hammerman15]

Thanks Canuck! Knowing the future earning potential for otena I assume they wouldn't be letting it go for anything less than a few billion! This is my first biotech but own 126k shares so excited for what may happen! When in doubt trust the science.

[MrMugsy]

All fair comments. I believe Dan is working to get this thing to a billion dollar valuation ... that's likely the immediate goal w.r.t. the the immediate strategy. We know ATE is looking at any and every potential deal. They will take a partnership for the 1st drug ... and ... the higher the initial payout, the lower the royalty payment.  We also know they would consider a full buyout