Antibe Therapeutics Inc. (T:ATE)
Business Focus: Bio Therapeutic Drugs
Mostly sunny as of November 01, 2023
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Company News
Nov 13, 2023 07:00 ET
Antibe Reports Q2 2024 Interim Financial and Operating Results
Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical-stage biotechnology company leveraging its hydrogen sulfide platform to develop next-generation therapies to target inflammation, has filed its financial and operating results for the fiscal quarter ended September 30, 2023.
Nov 09, 2023 07:00 ET
Antibe Reports PK Results of First Clinical Study of Otenaproxesul’s New Formulation
Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical-stage biotechnology company leveraging its hydrogen sulfide platform to develop next-generation therapies targeting pain and inflammation, is pleased to announce the PK results of the pharmacokinetic/pharmacodynamic (“PK/PD”) study of otenaproxesul’s faster-absorbing formulation. The study was designed to confirm the drug’s safety and inform the selection of treatment regimens for the upcoming Phase II trial, on track to launch in calendar Q1 2024.
Valuation Ratios
Industry
Sector
Beta
0.20
--
--
Price to Sales - TTM
--
6.08
2.75
Price to Book - most recent quarter
1.29
2.05
1.59
Price to Cash Flow per share - TTM
--
5.13
10.44
Price to Free Cash Flow per share - TTM
--
45.38
18.82
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 43,700 | 15,141 |
| Oct 31, 2023 | 28,559 | 24,697 |
| Oct 15, 2023 | 3,862 | -947 |
Business Summary
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
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.
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