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Motif Bio in a strong position to build pipeline says chief

Graham Lumsden, chief executive of Motif Bio PLC (LON:MTFB) says the company “accomplished a lot” last year, leaving the company “in a very strong position now”.

So much so, the company is in the market for new antibiotics to add to its pipeline after making significant progress with iclaprim, its next-generation drug targeting hard-to-treat infections.

Lumsden also says the company should be ready to list on the Nasdaq market this year, with Motif already in negotiations with banks, and he adds that there are signs that markets are “starting to become a little bit more sensible” with the biotech index up around 26% so far this year.

Quick facts: Motif Bio PLC

Price: 0.616 GBX

AIM:MTFB
Market: AIM
Market Cap: £2.99 m
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Motif Bio announces US FDA approval deadline for its antibiotic drug

Motif Bio (LON:MTFB, NASDAQ: MTFB) CEO Graham Lumsden tells Proactive Investors the US FDA has begun the process of assessing whether the company’s next-generation antibiotic should be allowed to go on sale in the US. Motif's drug iclaprim has been granted a priority review by the...

on 08/15/2018

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