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Destiny Pharma Seeks AIM Listing To Advance First-In-Class Antibiotics

 
• By Sten Stovall

UK-based Destiny Pharma hopes its planned IPO will attract investor demand, backed by its promise of new anti-microbial drugs and the huge innovation gap in antibacterial development.

Doctor holding in hand Antibiotic Resistance
Destiny Pharma IPO To Fund Its XF Antibiotic Platform • Source: Shutterstock

Destiny Pharma is banking that increased awareness of the need to tackle antimicrobial resistance will draw investors to its shares when it makes a scheduled listing on the London's AIM stock market Sept 4.

The British biotech's lead asset, dubbed XF-73, targets antibiotic-resistant bacterial infections in hospitals. Destiny Pharma's proposition to investors is that...

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