Iterum Therapeutics plc Closes Initial Public Offering

30th May 2018

LONDON, 30 May 2018

Arix Bioscience plc (“Arix”, LSE: ARIX) a global healthcare and life science company supporting medical innovation, today notes that its Group Business Iterum Therapeutics plc (“Iterum”, NASDAQ:ITRM), a clinical-stage pharmaceutical company developing anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens, today closed its initial public offering of 6,150,000 of its ordinary shares at an initial offering price to the public of $13.00 per share. All of the shares were offered by Iterum. The shares are listed for trading on the Nasdaq Global Market under the symbol “ITRM”.

Arix has invested $4.4 million (£3.3 million) in Iterum’s IPO. Following completion of the offering, Arix holds a stake of approximately 7.4 percent of the issued and outstanding shares of Iterum (amounting to 1,031,903 ordinary shares).

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

“Iterum was founded in 2015 with the ambition to develop an antibiotic that addresses the growing crisis of multi-drug-resistant pathogens, and today we see it reach an important milestone towards reaching that goal. We believe Iterum has considerable potential to deliver important new treatment options to patients and we are excited to support the company’s next stage of growth and development.”

Joe Anderson, Chief Executive Officer of Arix Bioscience plc

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.