Motif Bio Seeks Cash For Novel Antibiotic

Motif Bio wants to raise £19.4m to further develop iclaprim, its novel antibiotic candidate for acute bacterial skin and skin structure infections.

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Motif wants to raise money to develop its antibiotic iclaprim • Source: Shutterstock

Motif Bio PLC wants to raise £19.4m ($25m) through issuing new ordinary shares. It will use the money to complete its second Phase III study for iclaprim, its novel antibiotic for acute bacterial skin and skin structure infections (ABSSI) and to file for an NDA and marketing authorization.

Iclaprim, a DHFR (dihydrofolate reductase) inhibitor, is expected to pass through Phase III studies and FDA approval and will likely...

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