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Antibe Therapeutics Inc (ATBPF) is a biotechnology company focused on developing safer, non-addictive pain therapeutics. Their lead drug, ATB-346, aims to revolutionize the treatment of chronic pain by reducing gastrointestinal damage caused by traditional NSAIDs. Antibe has strong partnerships in the pharmaceutical industry and a robust pipeline of innovative products. With a commitment to improving patient outcomes and addressing the opioid crisis, Antibe Therapeutics is poised for significant growth in the healthcare sector.
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Antibe Therapeutics Inc. announced that its application for an Initial Order under the Companies' Creditors Arrangement Act has been granted, providing protection from creditors until April 18, 2024. Deloitte Restructuring Inc. has been appointed as the Monitor. Antibe plans to extend the Stay Period to engage with the FDA regarding a hold on its Phase II trial.
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Antibe Therapeutics Inc. intends to file for an Initial Order under the Companies' Creditors Arrangement Act to address a ruling requiring payment to Nuance Pharma. The Company also plans to engage with the U.S. FDA regarding a hold on its Phase II trial. Two Board members have resigned, and updates will follow.
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Antibe Therapeutics Inc. (ATBPF) received verbal notice from the FDA placing otenaproxesul on clinical hold, delaying the Phase II trial. Nuance Pharma initiated legal action seeking enforcement of an arbitration award. Antibe forms an Executive Committee to address operational and governance matters.
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Antibe Therapeutics Inc. announces a poster presentation of data from otenaproxesul's recent PK/PD study at the 49th Annual Regional Anesthesiology and Acute Pain Medicine Meeting. Dr. Joseph Stauffer, Antibe's Chief Medical Officer, will present the assessment of the drug's pharmacokinetics and safety. The event aims to showcase otenaproxesul as a non-opioid, novel anti-inflammatory/analgesic compound.
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Antibe Therapeutics Inc. announces a poster presentation of data from otenaproxesul's recent PK/PD study at the 40th Annual Meeting of the American Academy of Pain Medicine. The study focuses on the assessment of the pharmacokinetic and safety profile of otenaproxesul, a non-abusable anti-inflammatory/analgesic compound.
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Antibe Therapeutics Inc. faces an unexpected setback as the arbitrator rules in favor of Nuance Pharma, rescinding the license agreement for otenaproxesul commercialization in Greater China. Antibe must refund US$20 million upfront payment and pay approximately US$4 million in interest and costs. The decision is final and not subject to appeal, impacting the company's short-term plans and development timelines. Despite the setback, Antibe remains committed to advancing otenaproxesul based on positive clinical results.
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Antibe Therapeutics Inc. reports successful PK/PD study confirming liver safety, leading to upgraded Phase II trial launch next month. Quarter ended with $25 million in cash. Key highlights include enhancements to Phase II trial, IP protection, and corporate achievements.
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Antibe Therapeutics Inc. extends its Early Warrant Exercise Incentive Program for 6.4 million outstanding share purchase warrants, offering a reduced exercise price of $1.00 until March 31, 2024, to strengthen its balance sheet and simplify cap table. The program aims to encourage early warrant exercise as the company prepares for the launch of otenaproxesul’s Phase II trial next month.
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Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF) announces an Early Warrant Exercise Incentive Program for its outstanding share purchase warrants, aiming to encourage early exercise and offering a reduced exercise price of $1.00 during a 30-day early exercise period. The program is expected to strengthen the company's balance sheet and simplify its cap table, with conditional approval from the Toronto Stock Exchange effective January 16, 2024.
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Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF) is extending the expiry date and amending the exercise price of its common share purchase warrants, aiming to take effect on December 29, 2023. After the extension, each warrant will expire on July 31, 2024, and be exercisable to purchase a common share at a price of $1.50. The amendments affect warrants issued on August 13, 2019, June 30, 2020, and February 24, 2021, with detailed changes in the exercise price, expiry date, and effective date provided in the press release.
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FAQ
What is the market cap of ANTIBE THERAPEUTICS (ATBPF)?
The market cap of ANTIBE THERAPEUTICS (ATBPF) is approximately 11.5M.
What is Antibe Therapeutics Inc's focus?
Antibe Therapeutics Inc is focused on developing safer, non-addictive pain therapeutics.
What is ATB-346?
ATB-346 is Antibe's lead drug that aims to reduce gastrointestinal damage caused by traditional NSAIDs.
What sets Antibe Therapeutics apart from other biotech companies?
Antibe Therapeutics stands out for its commitment to improving patient outcomes and addressing the opioid crisis.
Does Antibe Therapeutics have any strong partnerships?
Yes, Antibe Therapeutics has strong partnerships in the pharmaceutical industry.
What can we expect from Antibe Therapeutics in the future?
Antibe Therapeutics has a robust pipeline of innovative products that signal significant growth in the healthcare sector.
How is Antibe Therapeutics contributing to the healthcare industry?
Antibe Therapeutics is revolutionizing chronic pain treatment with its focus on non-addictive pain therapeutics.
What is Antibe Therapeutics' mission?
Antibe Therapeutics is dedicated to improving patient outcomes and addressing the opioid crisis.
What is the significance of Antibe Therapeutics' work?
Antibe Therapeutics' work is crucial for providing safer alternatives for pain management and reducing the reliance on opioids.
Is Antibe Therapeutics a leader in the biotechnology sector?
Antibe Therapeutics is considered a leader in the biotechnology sector due to its innovative approach to pain therapeutics.
How does Antibe Therapeutics contribute to the overall healthcare landscape?
Antibe Therapeutics contributes to the healthcare landscape by offering safer solutions for chronic pain management.
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