Antibe Therapeutics Inc (ATE) Insider Acquires C$18,700.00 in Stock

Antibe Therapeutics Inc (CVE:ATE) insider David James Vaughan purchased 55,000 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of C$0.34 per share, for a total transaction of C$18,700.00.

Shares of Antibe Therapeutics stock opened at C$0.30 on Friday. Antibe Therapeutics Inc has a 52-week low of C$0.08 and a 52-week high of C$0.79.

Antibe Therapeutics (CVE:ATE) last issued its earnings results on Wednesday, August 29th. The company reported C($0.01) earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.01. Antibe Therapeutics had a negative net margin of 94.01% and a negative return on equity of 130.60%. The company had revenue of C$2.54 million for the quarter, compared to analyst estimates of C$2.30 million.

About Antibe Therapeutics

Antibe Therapeutics Inc, a pharmaceutical development company, originates, develops, and out-licenses patent protected pharmaceuticals in Canada, Europe, and the United States. Its drugs are designed to prevent the gastrointestinal damage and bleeding caused by non-steroidal anti-inflammatory drugs. The company's lead compound is ATB-346, a hydrogen sulfide-releasing derivative of naproxen for treating rheumatoid arthritis, ankylosing spondylitis, and general pain reduction, which has completed Phase IIB gastrointestinal safety study.

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