Publication of UK Annual Report and Accounts & Notice of AGM
18 Mai 2017 - 8:00AM
Motif Bio plc (NASDAQ:MTFB) (AIM:MTFB.LN), a clinical stage
biopharmaceutical company specializing in developing novel
antibiotics, today announced its 2016 UK Annual Report and Accounts
and notice of its Annual General Meeting have been posted to
shareholders and will shortly be available for download from the
Company’s website at www.motifbio.com.
This follows the announcement made by the
Company on May 2, 2017 via RNS of the publication of its financial
results for the year ended December 31, 2016 and the filing of its
US Annual Report on Form 20-F with the US Securities and Exchange
Commission.
The Company's Annual General Meeting is to be
held at 2:00 pm BST on June 15, 2017 at the offices of DLA Piper UK
LLP at 3 Noble St, London EC2V 7EE, United Kingdom.
This announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU)
No 596/2014 and has been released by Robert Dickey IV, Chief
Financial Officer, on behalf of the Company.
About Iclaprim
Iclaprim is a potential novel antibiotic, designed to be
effective against bacteria that have developed resistance to other
antibiotics, including trimethoprim. Iclaprim exhibits potent in
vitro activity against Gram-positive clinical isolates of many
genera of staphylococci, including methicillin sensitive
Staphylococcus aureus (MSSA) and methicillin resistant
Staphylococcus aureus (MRSA). The MIC90 of iclaprim was lower than
most comparators including vancomycin and linezolid, standard of
care therapies used in serious and life-threatening Gram-positive
hospital infections. To date, iclaprim has been studied in over
1,000 patients and healthy volunteers. Iclaprim is administered
intravenously at a fixed dose, with no dosage adjustment required
in patients with renal impairment, or in obese patients. This may
help reduce overall hospital treatment costs, especially in renally
impaired patients.
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 hospitalized 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), infections often caused by MRSA
(methicillin resistant Staphylococcus aureus). Having announced the
topline results from the REVIVE-1 trial, patients are currently
being enrolled and dosed in a second global Phase 3 clinical trial
(REVIVE-2) with an intravenous formulation of iclaprim, for the
treatment of ABSSSI. Data readout for REVIVE-2 is expected in the
second half of 2017.
Forward-Looking Statements
This press release contains forward-looking
statements. Words such as “expect,” “believe,” “intend,” “plan,”
“continue,” “may,” “will,” “anticipate,” and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that may cause Motif
Bio’s actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Motif Bio
believes that these factors include, but are not limited to, (i)
the timing, progress and the results of clinical trials for Motif
Bio’s product candidates, (ii) the timing, scope or likelihood of
regulatory filings and approvals for Motif Bio’s product
candidates, (iii) Motif Bio’s ability to successfully commercialize
its product candidates, (iv) Motif Bio’s ability to effectively
market any product candidates that receive regulatory approval, (v)
Motif Bio’s commercialization, marketing and manufacturing
capabilities and strategy, (vi) Motif Bio’s expectation regarding
the safety and efficacy of its product candidates, (vii) the
potential clinical utility and benefits of Motif Bio’s product
candidates, (viii) Motif Bio’s ability to advance its product
candidates through various stages of development, especially
through pivotal safety and efficacy trials, (ix) Motif Bio’s
estimates regarding the potential market opportunity for its
product candidates, and (x) the factors discussed in the section
entitled “Risk Factors” in Motif Bio plc’s Annual Report on Form
20-F filed with the SEC on May 1, 2017, which is available on the
SEC’s web site, www.sec.gov. Motif Bio plc undertakes no obligation
to update or revise any forward-looking statements.
For further information, please contact:
Motif Bio plc Contact:
Robert Dickey IV
Chief Financial Officer
ir@motifbio.com
Investor Contact:
Patricia L. Bank
Westwicke Partners
415-513-1284
patti.bank@westwicke.com
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