Antibe Announces TSX Delisting Review
April 16 2024 - 5:00PM
Business Wire
Antibe Therapeutics Inc. (“Antibe” or the
“Company”) (TSX: ATE) announced that the Toronto Stock
Exchange (“TSX”) is reviewing the eligibility for continued listing
on the TSX of the securities of the Company. The TSX has identified
the Company’s financial condition as a criterion for delisting
applicable to the Company.
Antibe has been invited to make submissions to TSX and a hearing
has been scheduled for the afternoon of April 23, 2024. Further
updates will be provided as appropriate.
The Company also confirms that it is no longer quoted on the
OTCQX.
About Antibe Therapeutics Inc. Antibe is a clinical-stage
biotechnology company leveraging its proprietary hydrogen sulfide
platform to develop next-generation therapies to target pain and
inflammation arising from a wide range of medical conditions. The
Company’s current pipeline includes assets that seek to overcome
the gastrointestinal ulcers and bleeding associated with
nonsteroidal anti-inflammatory drugs (“NSAIDs”). Antibe’s lead
drug, otenaproxesul, is intended as a safer alternative to opioids
and today’s NSAIDs for acute pain. Antibe’s second pipeline drug,
ATB-352, is being developed for a specialized pain indication. The
Company’s next target is inflammatory bowel disease (“IBD”), a
condition long in need of safer, more effective therapies. Learn
more at antibethera.com.
Forward Looking Statements This news release includes
certain forward-looking statements under applicable securities
laws, which may include, but are not limited to, statements
concerning the TSX delisting review. Any statements contained
herein that are not statements of historical facts may be deemed to
be forward-looking, including those identified by the expressions
“will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”,
“intend”, “propose” and similar wording. Forward-looking statements
involve known and unknown risks and uncertainties that could cause
actual results, performance, or achievements to differ materially
from those expressed or implied in this news release. Factors that
could cause actual results to differ materially from those
anticipated in this news release include, but are not limited to,
the decision of the TSX with respect to the delisting , the
Company’s inability to timely execute on its business strategy and
timely and successfully complete its clinical trials and studies,
the Company’s inability to obtain the necessary regulatory
approvals related to its activities, risks associated with drug
development generally and those risk factors set forth in the
Company’s public filings made in Canada and available on
sedarplus.com. The Company assumes no obligation to update the
forward-looking statements or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416152611/en/
Antibe Therapeutics Inc. Christina Cameron VP Investor Relations
+1 416-577-1443 christina@antibethera.com
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