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Antibe Therapeutics Inc. (TSX: ATE, OTCQB: ATBPF) announced the appointment of Dr. Don Haut to its Partnering Advisory Team. Dr. Haut, previously Chief Business Officer at AskBio, brings extensive experience in business development with over $8 billion in transaction completions. His strategic expertise is expected to enhance Antibe's business capabilities and accelerate partnering activities in 2021. Antibe is focused on developing safer nonsteroidal anti-inflammatory drugs using its unique hydrogen sulfide platform, with lead drug otenaproxesul entering Phase III trials.
Antibe Therapeutics Inc. (TSX: ATE, OTCQB: ATBPF) has initiated discussions to amalgamate with Antibe Holdings Inc. This move aims to consolidate the intellectual property (IP) ownership of its drug development platform, potentially enhancing value for partners and investors. CEO Dan Legault highlighted the importance of full IP ownership, noting achievements like human proof-of-concept for otenaproxesul and promising preclinical data for other assets. This strategy complements recent corporate activities, including a TSX graduation and share consolidation.