Feb 25, 2021

WeirFoulds represents Antibe Therapeutics in a $40M public offering

On February 24, 2020, Antibe Therapeutics Inc. (“Antibe”) (TSX: ATE) announced that it closed a bought deal public offering of 6,727,500 units (the “Units”) raising aggregate gross proceeds of $40,365,000.  Each Unit was comprised of one common share and one-half of one common share purchase warrant.

Antibe was represented by WeirFoulds, with a team consisting of Rob Eberschlag and Alvin Yau (securities/corporate), Ryan Morris (tax), Ann Lattanzio and Dana Kriszenfeld (articling student).

Antibe is leveraging its proprietary hydrogen sulfide platform to develop next-generation safer therapies to address inflammation arising from a wide range of medical conditions. Antibe’s current pipeline includes three assets that seek to overcome the gastrointestinal ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (“NSAIDs”). Antibe’s lead drug, otenaproxesul (formerly ATB-346), is entering Phase III for osteoarthritis pain. The Company’s next target is inflammatory bowel disease, a condition long in need of safer, more effective therapies.

WeirFoulds is pleased to have assisted Antibe in the closing of this financing.

To learn more about our Securities Practice Group or to contact one of our securities lawyers, visit our securities practice group overview page.