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Antibe Therapeutics Inc. (V:ATE)

Business Focus: Bio Therapeutic Drugs

Sector:  Healthcare Industry:  Biotechnology & Medical Research
See Regulatory Filings on SEDAR
Company Contact
Address: 15 Prince Arthur Ave
Tel: N/A
IR: See website
Key People
Walter M. Macnee
Independent Chairman of the Board
Daniel Legault
President, Chief Executive Officer, Secretary, Director
John L. Wallace
Founder, Chief Scientific Officer, Director
Alain S Wilson
Chief Financial Officer
Jeremy Grushcow
Executive Vice President - Strategic Development
David Vaughan
Chief Development Officer
Business Overview
Antibe Therapeutics Inc. is a commercial-stage pharmaceutical company. The Company is focused on pain, inflammation and regenerative medicine. The Company's segments include Antibe Therapeutics, and Citagenix, which is a marketer and distributor of regenerative medicines serving the dental and orthopedic market places. The Company's drug design methodologies involve chemically linking a base drug to its hydrogen sulfide-releasing molecule. Its lead compound, ATB-346, combines hydrogen sulfide with naproxen, which is a non-steroidal anti-inflammatory drug (NSAID). The Company's other products include ATB-352, which is indicated for the treatment of severe acute pain, and ATB-340 is a Gastrointestinal (GI)-safe derivative of aspirin. The Company also offers regenerative medical devices, which include PentOS (CGX-283), CGX-227, CGX-443 and URIST (CGX-276), all of which target bone regeneration, and are indicated for oral and maxillofacial surgery.
Financial Overview
For the six months ended 30 September 2019, Antibe Therapeutics Inc revenues increased 9% to C$5M. Net loss increased 61% to C$8.2M. Revenues reflect United States segment increase of 54% to C$1.6M, Europe segment increase of 32% to C$201K. Higher net loss reflects Development costs increase from C$1.1M to C$2.9M (expense), Stock-based Compensation in SGA increase from C$586K to C$1.6M (expense).
Employees: 3 as of Mar 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $136.71M as of Sep 30, 2019
Annual revenue (TTM): $9.96M as of Sep 30, 2019
EBITDA (TTM): -$15.18M as of Sep 30, 2019
Net annual income (TTM): -$15.94M as of Sep 30, 2019
Free cash flow (TTM): -$7.83M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 281,304,125 as of Jan 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization