Post by
Pragmatist on Feb 19, 2021 6:02pm
IP Consolidation
The Supplement also provides an update on the IP consolidation. The Board and Holdings are negotiating with the help of an independent advisor. Still work to do!
"Operational Updates The Company has commenced preliminary discussions to amalgamate Antibe Holdings Inc. ("Holdings") with the Company in order to unify the intellectual property ("IP") ownership of the Company's drugs and platform. The Company believes that such an initiative would unlock value for potential partners and investors while simplifying IP protection for pipeline expansion efforts now underway. Each of the Company and Holdings have formed a special committee of independent directors to lead the discussions and has retained an investment bank as its financial advisor in connection with these discussions. As of the date hereof, terms of any potential amalgamation have not been agreed."