Opinions
Robert McWhirter
Antibe Therapeutics Inc.
ATE-T
BUY
Sep 30, 2019
He thinks there is lots more upside yet to come. They have an NSAID that does not drill a hole in your stomach. He thinks an NSAID manufacturer would likely buy them out.
$0.390
Stock price when the opinion was issued
Pharma & Healthcare
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BUY
It makes a competitive drug for creaky knees and arthritis but the current drug they are competing against will burn a whole in your stomach if you take it for more than two weeks. The current study should be out by mid-December. There seems to be another 3 times upside in the stock price. This is one of three powerful drugs they have.
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HOLD
They develop non-addictive pain medication drugs through the trial process. They trade at 17 times trailing sales -- a bit expensive. He thinks they are about to go into a good revenue growth phase. He would be a hold at this valuation. A slip up at this point could lead to a sizable pullback. The risks are heightened here.
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BUY
One of the Top Picks he made at $0.42 previously. A pain medication that does not burn a hole in your stomach. They have completed a test of over 300 patients in Canada that is expected by end-June. If successful, the stock should be trading north of $1. He owns over 200,000 shares.
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PAST TOP PICK
(A Top Pick Aug 01/19, Up 24%) There's been a lot going here: the reported good phase 2 drug test results. They did financing recently and are planning for phase 3 which will cost $50 million, so they have enough cash for 18 months. The next phase will start in Q2 2021 and last two years. Generally, drugs that pass phase 2 have a good outlook entering phase 3. ATE continues to talk to third parties about mass-producing the drug.
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BUY
Disclosure: he recently participated in their latest round of financing. They produce a pain medication to treat gut problems. They're now testing the drug or will very soon. They've done phase 2, a risky phase. He expects big pharma partners to help them in phase 3, which will take a year and a half plus a lot of money roughly. There's a potential US$11 billion market, so the pay off can be huge backed by strong, desperate demand. They have other drugs in the pipeline, too.
Pharma & Healthcare