Shard Market Eye: Motif Bio


Shard Capital initiated coverage on Motif Bio Plc (LON:MTFB) when they floated on AIM in April 2015 at 20p. On admission to AIM the company planned to develop a best-in-class drug that was targeting bacteria that were resistant to most other commonly used drugs.  A lot has happened since that date and is documented in our update note on 3rd May 2016 and listed below:

The developing story appears to have been well received by investors with the shares currently trading at 57p on 3rd August.

What next?

On 13th July the company announced that it had filed a registration statement for a proposed U.S. Public Offering of American Depositary Shares (ADS). It also applied to have their ADSs listed on the NASDAQ Global Select Market. Motif Bio followed up on 28th July announcing that it had filed an amended registration statement with the U.S. Securities and Exchange Commission, which included a preliminary prospectus for the proposed offering. It is hoped that a NASDAQ listing will open the doors to more specialist investors and analysts who understand biopharmaceutical companies. With the perception of strong liquidity, of a large pool of capital and the sense of good appetite from US investors for high risk biotech stocks the NASDAQ listing may also excite UK investors. Motif Bio will continue to trade on AIM in London. Shard looks forward to further news.

The information above is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments. It does not constitute a personal recommendation as defined by the Financial Conduct Authority ("FCA”) or take into account the particular investment objectives, financial situations or needs of individual investors. The information above is obtained from public information and sources considered reliable. Please note risk warning section on our website with regards high risk AIM shares. If you are unsure of the suitability of share dealing specifically for you then you should contact an Independent Financial Adviser, authorised by the Financial Conduct Authority

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