OREANDA-NEWS. February 04, 2015. Amphion Innovations, a developer of medical, life science, and technology businesses, is pleased to announce that Partner Company, Motif Bio Limited ("Motif"), to be renamed Motif Bio plc, has today announced its intention to raise at least ?4 million through a placing of new ordinary shares ("Placing") and admission to trading on AIM. 

Motif is a clinical stage biopharmaceutical company which specialises in developing novel antibiotics designed to be effective against serious and life-threatening infections caused by multi-drug resistant bacteria. The Company has a lead antibiotic candidate, iclaprim, in clinical development and MTF-001, a preclinical stage programme to design a best-in-class dihydrofolate reductase inhibitor (DHFRi). Discussions and negotiations with academic institutions and pharmaceutical companies are under way to build a portfolio of antibiotic candidates through licensing.

The Directors anticipate that iclaprim could be ready for commercialisation within approximately 36 months.