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IN BRIEF: Motif Bio 2020 loss narrows due to impairment in prior year

Mon, 10th May 2021 15:52

Motif Bio PLC - AIM cash shell - For 2020, pretax loss narrows to USD734,000 from USD98.7 million the year before, due to the non-repeating of a USD83.8 million impairment on the investment in subsidiary Motif BioSciences Inc.

So far, Motif Bio says conditional marketing has started for a fundraising to accompany its reverse takeover with a UK-based antibody-drug conjugate discovery and development company. Motif is looking to acquire the entire issued share capital of the target firm.

Current stock price: 0.50 pence

Year-to-date change: suspended.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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