– CANADA, Toronto – Antibe Therapeutics Inc. (TSX: ATE | OTC: ATBPF), a clinical-stage company leveraging its hydrogen sulfide platform today announced the appointment of Board member, Robert Hoffman, as the new Chair of its Board of Directors.
About Robert E. Hoffman
A member of Antibe’s Board since late 2020, Robert Hoffman is the former CFO of Nasdaq-listed Heron Pharmaceuticals, a commercial-stage drug developer with a recently approved acute pain drug. During Mr. Hoffman’s tenure, Heron raised more than $650 million and launched its second commercial therapeutic. His career in the biotech sector began in 1997 at Arena Pharmaceuticals, where he rose to become CFO. While at Arena, he was involved with its IPO and financings raising more than $1.5 billion. For 10 years until 2020, Mr. Hoffman was a member of the Small Business Advisory Committee of the Financial Accounting Standards Board. He is currently President, CEO, and Chairman of Kintara Therapeutics (Nasdaq) and a member of the boards of ASLAN Pharmaceuticals (Nasdaq) and privately held FibroBiologics.
Mr. Hoffman commented, “As their patients wake up in the recovery room, surgeons routinely prescribe an oral analgesic, generally used for home recovery too. Despite the opioid crisis, oral therapeutic alternatives have remained largely unchanged, reflecting a 20-year lack of innovation in this category. I’m excited to work closely with Dan and his team in building shareholder value as otenaproxesul moves closer to market as a best-in-class drug for acute pain.”
About Antibe Therapeutics Inc.
Antibe is a clinical-stage biotechnology company leveraging its proprietary hydrogen sulfide platform to develop next-generation safer therapies that target inflammation arising from a wide range of medical conditions. The company’s current pipeline includes assets that seek to overcome the gastrointestinal ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs. Antibe’s lead drug, otenaproxesul, is in clinical development as a safer alternative to opioids and today’s NSAIDs for post-operative pain. Antibe’s second pipeline drug, ATB-352, is being developed for a specialized acute pain indication. The company’s anticipated next target is inflammatory bowel disease, a condition long in need of safer, more effective therapies.
For more information: https://www.antibethera.com/
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