Motif Bio plc (AIM:MTFB) announced the appointment of Peel Hunt LLP ("Peel Hunt") as strategic adviser to the company. Peel Hunt has been engaged to provide guidance to the Directors on strategic initiatives including selecting an appropriate reverse takeover ('RTO') candidate. Motif is in negotiations with several RTO candidates in the healthcare sector. The Covid-19 pandemic has created new opportunities for companies in the healthcare sector and the RTO candidates under current consideration are exploring ways in which their therapeutic product candidates may help patients with Covid-19. At this stage, there can be no assurance that the Company will be able to agree terms with any RTO candidates or complete a RTO transaction.