Motif Bio PLC Senior Appointments (1418V)
14 Aprile 2016 - 8:00AM
UK Regulatory
TIDMMTFB
RNS Number : 1418V
Motif Bio PLC
14 April 2016
14 April 2016
Motif Bio plc
("Motif Bio" or the "Company")
Motif Bio makes new senior appointments
Motif Bio plc (AIM: MTFB) the clinical stage biopharmaceutical
company specialising in developing novel antibiotics, today
announces the appointment of Pete A. Meyers as Chief Financial
Officer and Rajesh B. Shukla, Ph.D. as Vice President, Clinical
Operations.
Mr. Meyers joins the Company from TetraLogic Pharmaceuticals
Corporation (NASDAQ: TLOG) where he was CFO and Treasurer. Prior to
his role at TetraLogic, Mr. Meyers spent 18 years in health care
investment banking, holding positions of increasing responsibility
at Dillon, Read & Co., Credit Suisse First Boston LLC and, most
recently, as Co-Head of Global Health Care Investment Banking at
Deutsche Bank Securities Inc. Mr. Meyers earned his BS, summa cum
laude, in Finance from Boston College, Chestnut Hill, MA and an
MBA, cum laude, in Finance from Columbia Business School, New York,
NY. His appointment commences on 1 May 2016.
Bob Bertoldi, Motif Bio's current CFO and Director, will
transition his CFO responsibilities to Mr. Meyers but will continue
as a Director to contribute to the future success of the Company,
in particular focusing on the successful execution of our clinical
trials.
Dr. Shukla is an accomplished clinical operations professional
with extensive experience in Research, Development and Medical
Affairs. He joins the Company from ACORDA Therapeutics where he was
Senior Medical Director Clinical Development and Medical Affairs.
He was previously Head, R&D Global Clinical and Medical Affairs
at Pfizer Global Established Products, reporting to the Division
Head. Dr. Shukla earned his BS in Biochemistry from Lehigh
University in Bethlehem, PA and a PhD from Carnegie-Mellon
University in Pittsburgh, PA. His appointment commenced on 5 April
2016.
The Company has also appointed Jonathan Gold, currently a
non-executive director of Motif Bio plc, as a strategic financial
consultant under a consulting agreement (the "Consulting
Agreement") to assist the Company in its capital raising plans. Mr.
Gold's consulting term will be for an initial period of six months
from 1 January 2016 reflecting his efforts since that date. Under
the terms of the Consulting Agreement, the Company will pay Mr.
Gold US $10,000 per calendar month. After the initial 6 month
period, the Consulting Agreement renews on a monthly basis subject
to the agreement of both parties.
By reason of being a director of Motif Bio, Mr. Gold is a
related party and the Consulting Agreement constitutes a related
party transaction under Rule 13 of the AIM Rules for Companies. The
directors of Motif Bio, with the exception of Mr. Gold who is
involved in the transaction as a related party, consider, having
consulted with its nominated adviser, that the terms of the
transaction are fair and reasonable insofar as its shareholders are
concerned.
Graham Lumsden, CEO of Motif Bio, commented on the appointments:
"We are delighted to welcome both Pete and Rajesh to the team.
Pete's experience in capital markets, M&A, and financial
operations combined with Rajesh's depth of knowledge in Clinical
Operations will ensure strong leadership in these critical
functions.
On behalf of the Board, I would like to thank Bob Bertoldi for
all his efforts and input to date both operationally and
financially through the admission to AIM and since, and I value his
continued input particularly with the successful execution of our
clinical trials."
For further information please contact
Enquiries:
Motif Bio plc info@motifbio.com
Graham Lumsden (Chief
Executive Officer)
Zeus Capital Limited (NOMAD
& BROKER)
Phil Walker/Dan Bate
Dominic Wilson +44 (0)20 3829 5000
Northland Capital Partners
Limited (BROKER)
Patrick Claridge/ David
Hignell
John Howes/ Rob Rees (Broking) +44 (0)20 7382 1100
Walbrook PR Ltd. (FINANCIAL +44 (0)20 7933 8780 or motifbio@walbrookpr.com
PR & IR) Mob: +44 (0)7980 541 893
Paul McManus Mob: +44 (0)7900 608 002
Mike Wort
MC Services AG (EUROPEAN
IR)
Raimund Gabriel +49 (0)89 210 2280
Notes to Editors:
Motif is a clinical-stage biopharmaceutical company,
specialising in the development of novel antibiotics that are
designed to be effective against serious and life-threatening
infections caused by multi-drug resistant bacteria. Our lead
product candidate, iclaprim, is being developed for the treatment
of the most common and serious bacterial infections such as acute
bacterial skin and skin structure infections (ABSSSI) and hospital
acquired bacterial pneumonia (HABP), including those caused by
resistant strains such as MRSA (methicillin-resistant
Staphylococcus aureus). Two Phase III ABSSSI clinical trials are on
track to be completed in 2017 and if approved, iclaprim could be
ready for commercialization in 2018. The Company is in discussions
with pharmaceutical companies and universities to build a pipeline
of innovative antibiotics targeting Gram-positive and Gram-negative
bacteria. For additional information about Motif please visit
www.motifbio.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKNDDDBKBQQD
(END) Dow Jones Newswires
April 14, 2016 02:00 ET (06:00 GMT)
Grafico Azioni Motif Bio (LSE:MTFB)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Motif Bio (LSE:MTFB)
Storico
Da Lug 2023 a Lug 2024