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Stockreport

Motif Bio reports half-year 2017 financial results and operational progress

MOTIF BIO PLC ADRS (MTFB)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.motifbio.com
PDF NEW YORK, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Motif Bio plc (AIM:MTFB) (NASDAQ:MTFB), a clinical stage biopharmaceutical company specializing in developing novel antibiotics, today announced financial results for the half-year ended June 30, 2017.  Business Update In April 2017, Motif Bio announced positive top-line results from REVIVE-1, a global Phase 3 clinical trial of its investigational drug candidate iclaprim in patients with acute bacterial skin and skin structure infections (“ABSSSI”). Iclaprim achieved the primary endpoint of non-inferiority (10% margin) compared to vancomycin at the early time point, 48 to 72 hours after start of study drug administration in the intent-to-treat patient population. Given its differentiated mechanism, potency, spectrum, safety and efficacy, iclaprim, if approved, could provide a valuable new antibiotic treatment option. Iclaprim was well tolerated in the study, with most adverse events categorized as mild. The operational team and Board of [Read more]

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