Northland Capital partners view on Motif Bio PLC “Milestone moment”

Northland Capital partners view on Motif Bio PLC: The reprocessing of this acquired API will save Motif considerable time and money, representing an important milestone for the business. As such, we are confident that the company is on target to complete its two planned Phase III skin trials by the end of 2017.

 

Iclaprim Clinical Trial Supplies Manufactured
n  Motif Bio announced that clinical trial supplies in the form of sterile ampoules of iclaprim have been manufactured.

n  Following Quality Assurance release, these supplies will be shipped to clinical trial sites.

n  The group was able to utilise commercial-scale batches of the API (Active Pharmaceutical Ingredient) that it acquired earlier in the year as part of its merger with Nuprim Inc.

n  This API was reprocessed to generate new material and can now be used to manufacture further sterile ampoules for clinical trial supplies.

Year end Dec Revs ($m) Adj. EBITDA ($m) Adj. PBT ($m) Tax (%) Adj. EPS (c) PER (x) Div (c) Net cash ($m) Yield (%)
2012A (0.7) (1.1) (13.3) (6.6)
2013A (0.7) (1.1) (13.2) (6.8)
2014A (1.1) (1.2) (10.0) (6.8)
2015E (2.0) (2.9) (4.7) 31.3

Source: Northland Capital Partners Limited.

 

 
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