Motif Bio PLC Appointment of Chief Financial Officer (4121U)

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RNS Number : 4121U

Motif Bio PLC

18 January 2017

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This announcement contains inside information.

Motif Bio plc

("Motif Bio" or the "Company")

Appointment of Chief Financial Officer

Motif Bio plc (AIM: MTFB), the clinical stage biopharmaceutical company specialising in developing novel antibiotics, announces that Robert Dickey IV has been appointed as Chief Financial Officer.

Mr. Dickey is an accomplished financial professional with senior leadership experience in private and public healthcare companies. Prior to joining Motif Bio, he was CFO at Tyme Technologies Inc., a NASDAQ-listed clinical stage oncology company. Robert previously held senior leadership positions at NeoStem, Inc. (now known as Caladrius Biosciences Inc.), Hemispherx Biopharma Inc., Stemcyte Inc., Locus Pharmaceuticals Inc. and Protarga Inc. Mr. Dickey began his career as an Investment Banker at Lehman Brothers and Legg Mason Wood Walker Inc.

Pete Meyers is leaving Motif Bio and has agreed to transition the CFO responsibilities to Mr. Dickey over the course of the next several weeks.

Graham Lumsden, CEO commented: "I am delighted that Rob has agreed to join Motif Bio at this important time as we await data read-out in the second quarter of 2017 from REVIVE-1, our Phase 3 clinical trial in patients with ABSSSI (Acute Bacterial Skin and Skin Structure Infections). Rob's proven leadership and strategic skills will be a tremendous addition to the team. I am immensely grateful to Pete Meyers for his tireless dedication and hard work during 2016, culminating in a successful NASDAQ IPO and raise of $25 million. I wish him well in his future endeavours."

For further information please contact:

 
 Motif Bio plc                          info@motifbio.com 
  Richard Morgan (Chairman) 
  Graham Lumsden (Chief 
  Executive Officer) 
 Zeus Capital Limited 
  (NOMAD & BROKER) 
  Phil Walker/Giles Balleny 
  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       +44 (0)20 7933 8780 or 
  PR & IR)                        motifbio@walbrookpr.com 
  Paul McManus                   Mob: +44 (0)7980 541 893 
  Mike Wort                      Mob: +44 (0)7900 608 002 
 
 MC Services AG (EUROPEAN 
  IR) 
 Raimund Gabriel                       +49 (0)89 210 2280

About Motif Bio plc www.motifbio.com

Motif Bio is a clinical-stage biopharmaceutical company, engaged in the research and development of novel antibiotics designed to be effective against serious and life-threatening infections in hospitalised patients caused by multi-drug resistant bacteria. Our lead product candidate, iclaprim, is being developed for the treatment of acute bacterial skin and skin structure infections (ABSSSI) and hospital acquired bacterial pneumonia (HABP), including ventilator associated bacterial pneumonia (VABP), which is often caused by MRSA (methicillin resistant Staphylococcus aureus). We are currently enrolling and dosing patients in two global Phase 3 clinical trials (Revive 1 and Revive 2) with an intravenous formulation of iclaprim, for the treatment of ABSSSI. Data readout for REVIVE-1 is expected in the second quarter of 2017 and REVIVE-2 is on track for data readout in the second half of 2017.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 18, 2017 02:00 ET (07:00 GMT)

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