Motif Bio completes follow-on and concurrent private placement

Motif raised $17 million through the sale of 2.4 million ADSs at $6.98 in a follow-on on NASDAQ underwritten by H.C. Wainwright. For each ADS sold, investors received a five-year warrant to purchase 0.5 ADSs, with each whole warrant exercisable at $8.03. Each ADS represents 20 ordinary shares...