Motif Bio PLC Re. Amphion Innovations plc (6117W)
28 Aprile 2016 - 8:03AM
UK Regulatory
TIDMMTFB
RNS Number : 6117W
Motif Bio PLC
28 April 2016
Motif Bio plc
("Motif Bio" or the "Company")
Amphion Innovations plc
Motif Bio plc (AIM: MTFB), the clinical stage biopharmaceutical
company specialising in developing novel antibiotics, notes the
announcement this morning by Amphion Innovations plc ("Amphion"),
that Amphion has pledged 14,906,145 ordinary shares of 1 pence each
in the capital of Motif Bio as security to a draw-down of an
additional tranche of Amphion's loan facility.
Graham Lumsden, CEO of Motif Bio, commented: "We welcome
Amphion's continued commitment as a shareholder in Motif Bio."
For further information please contact:
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 3861 6625
Walbrook PR Ltd. (FINANCIAL PR +44 (0) 20 7933 8780 or motifbio@walbrookpr.com
& 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
About Motif Bio (www.motifbio.com)
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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