RE: Fill Ya Boots!!!12 May 2020 00:04
Motif have now got enough £850k cash in the bank to ensure a successful RTO, they are in discussions with several Healthcare Bio targets and have appointed the high profile and highly respected Chris Wardhaugh to the BoD, who definitley wouldn't have joined the board unless he was confident of a successful conclusion, and no doubt whoever the RTO target is , Lamellar could be highly likely, they will motivated by ilcaprim's phase 11/111 status and the time and money that will be saved given that it can be taken straight into patient trials, and very likely COvid-19 patient trials...the UPside and market cap of the RTO could be considerable from this current bargain low. Gla ;-)
Christopher (Chris) Wardhaugh
Chris is currently a Non-Executive Director of Altair Medical Limited and Lamellar Biomedical Limited, both based in Scotland. Chris is also Chief Business Officer of MGB Biopharma Limited, a clinical-stage antibiotic company and is the founder of Sercader Limited, a life sciences advisory firm.
Chris has over 28 years' experience in life sciences with international experience across large and small companies, all stages of development and commercialisation of companies including preclinical and clinical development, product launches throughout Europe and the United States, M&A and corporate development. Chris has an impressive transaction history working on deals including product licensing, IPOs and both Angel and VC investments.
Commenting, Bruce Williams, Chairman of Motif Bio, said: "We welcome Chris to the Board as we focus on sourcing an appropriate reverse takeover candidate for Motif Bio. We believe that the Company will benefit from Chris's breadth of knowledge and transactional experience and we will provide shareholders with further updates in due course."