AllPennyStocks.com News: Antibe Therapeutics' Stock Surges on Successful Phase 2B Gastrointestinal Safety Study for Lead Pain Drug, ATB-346

Mississauga, ON -- (SBWire) -- 03/20/2018 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Antibe Therapeutics' Stock Surges on Successful Phase 2B Gastrointestinal Safety Study for Lead Pain Drug, ATB-346."

Companies mentioned in this article include Antibe Therapeutics Inc. (TSX-Venture:ATE) (OTCQB:ATBPF).

Article Excerpt:

Once shares of Antibe Therapeutics Inc. (TSX-Venture:ATE) (OTCQB:ATBPF) had their trading halt lifted, the company announced that its lead drug, ATB-346, met its primary endpoint in the Phase 2B gastrointestinal ("GI") safety study. The double-blind study was conducted in 244 healthy volunteers and was designed to demonstrate the superiority of ATB-346 in GI safety compared to naproxen, the most prescribed nonsteroidal anti-inflammatory drug ("NSAID") in the USA. Subjects on ATB-346 exhibited an ulceration rate of 2.5% versus an ulceration rate of 42.1% for subjects on naproxen at the end of the 2-week treatment period, with a very high degree of statistical significance (p<0.001). ATB-346 was also safe and well tolerated.

As a result of the positive results, shares shot up 78% in early-afternoon trading on very high volume as shareholders cheered on the impressive data. Antibe's Chief Scientific Officer, John Wallace, commented, "The successful outcome of this study is the culmination of 15+ years of scientific research, and validates Antibe's hydrogen sulfide-releasing technology. Gastrointestinal safety has been a major global concern with NSAIDs for decades and we now have clinical data unequivocally demonstrating a solution to this unmet and serious medical problem."

The full version of this article can be found at:

http://www.allpennystocks.com/aps_ca/special-reports/873/antibe-therapeutics-stock-surges-on-successful-phase-2b-gastrointestinal-safety-study-for-lead-pain-drug-atb-346.htm

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View this press release online at: http://rwire.com/952099