Stockchase 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.
COMMENT
He owns quite a lot of this stock. They haven’t seen any notification of them finishing recruitment for their study subjects. Regardless, he is very positive on the stock for their pain medicine. The results of the study are soon to be released.
BUY
Still trending up to 60 cents. There's runway ahead. Moving averages point higher.
BUY
They have a pain medication that does not aggravate the stomach. Testing on a new product should be done by March (reported in May), which should result in a new product in a $11 billion market in the US. He owns it personally.
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.
STRONG BUY
Hydrogen Sulfide Coated Naproxen so it won't cut a hole in your gut. It is in testing. It is expected about Apr 17th they should announce the results of testing. It is a real bargain here.
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.
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.
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.
COMMENT
Part of their trial was suspended. Some of the patients had above normal liver enzymes. However, other arms are proceeding. The findings will show whether it has less liver toxicity. Have enough cash to go on for 2.5 more years.