Antibe Therapeutics Gains Creditor Protection
Company Announcements

Antibe Therapeutics Gains Creditor Protection

Antibe Therapeutics, Inc. (Otc) (TSE:ATE) has released an update.

Antibe Therapeutics Inc. has secured temporary protection from its creditors through the Companies’ Creditors Arrangement Act, with Deloitte Restructuring Inc. overseeing the process as the court-appointed Monitor. The protection, which halts enforcement actions such as the US$24 million payment to Nuance Pharma, will last until April 18, 2024, when Antibe will seek an extension to resolve issues with a U.S. FDA hold on a planned trial. Following these events, trading of Antibe’s common shares was suspended on the Toronto Stock Exchange.

For further insights into TSE:ATE stock, check out TipRanks’ Stock Analysis page.

Related Articles
Ryan AdistATBPF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
TipRanks Canadian Auto-Generated NewsdeskAntibe Therapeutics Faces Receivership and Delisting
TipRanks Canadian Auto-Generated NewsdeskAntibe Therapeutics Seeks Crucial Stay Extension
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App