Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFutura Medical Regulatory News (FUM)

Share Price Information for Futura Medical (FUM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 39.00
Bid: 38.55
Ask: 39.45
Change: -0.20 (-0.51%)
Spread: 0.90 (2.335%)
Open: 39.05
High: 39.20
Low: 39.00
Prev. Close: 39.20
FUM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MED2002: Breakthrough Results in $5 billion Market

7 Sep 2016 07:00

RNS Number : 1378J
Futura Medical PLC
07 September 2016
 

For immediate release 7 September 2016

 

 

Futura Medical plc

("Futura" or "the Company")

MED2002: Breakthrough Results in $5 billion Market

Futura Medical plc (AIM: FUM), the innovative healthcare company focused on advanced transdermal technology, is pleased to announce headline results from its pivotal efficacy study of MED2002, the Company's novel gel for the treatment of erectile dysfunction ("ED"). The results of the study show that MED2002 has achieved its primary endpoint and successfully demonstrated efficacy, safety and speed of onset.

The study comprised a total of 232 randomised males and it measured, as its primary endpoint, improvement in the erectile function ("EF") domain score of the International Index of Erectile Function ("IIEF"), the scoring system used for the approval of PDE5 inhibitors such as Viagra®. The study was of a placebo-controlled, double blind, home use, crossover design.

The study, which included mild, moderate and severe ED patients, achieved its primary endpoint in showing a statistically significant improvement in erectile function (p-value of 0.0132) in the EF domain score averaged across all groups of males when using MED2002 compared with placebo.

The results in the mild ED patient group were highly statistically significant with a p-value of 0.0001 on MED2002 compared with placebo, with nearly twice as many males reporting a clinically relevant improvement in the EF domain when using MED2002 compared with placebo. The study used one dosage, 0.2% w/w glyceryl trinitrate gel, and Futura will consider whether the use of a higher dosage could provide further measurable benefit to the moderate and severe ED sufferers.

The speed of onset of action of MED2002 was rapid, partly reflecting the method of application with the gel being applied directly to the penis. 82% of patients with mild ED had an onset of action within 10 minutes and in 54% of mild ED patients onset was within 5 minutes. This rapid onset of action means that MED2002 has the potential of being the world's fastest-acting treatment for ED.

No major safety concerns were identified. No serious adverse events or serious adverse reactions were recorded and there were no drop-outs from the study owing to side-effect issues. This safety profile suggests that MED2002 could be positioned as a consumer healthcare product at an appropriate dosage in addition to being a prescription-based medicine.

The safety profile also supports MED2002's use in a significant area of unmet need in ED: the estimated 7.5% of ED sufferers who cannot be prescribed PDE5 inhibitors due to contraindications with other medicines taken by them.

The results from this study will form the basis of the commercialisation strategy for MED2002, which shares the same active ingredient as the Company's novel erectogenic condom, CSD500.

A more detailed analysis of the study results is being carried out over the next several days and further details are expected to be provided with the Company's half year financial results, to be issued on Tuesday 13 September 2016.

James Barder, Futura's Chief Executive, commented: "I am delighted that our novel gel for the treatment of erectile dysfunction, MED2002, has met its primary endpoint by showing efficacy. The headline data from the study indicate that we have a breakthrough ED product that is not only effective but may also combine potentially the world's fastest speed of onset for an ED treatment with a very favourable safety profile. We will carry out further analysis of the results in the next few days and are very excited by the commercial potential of this product."

It is expected that further details of the MED2002 study results will be announced with the Company's half-year financial results on 13 September 2016. An analyst briefing will take place at 10.00am on the day of the results at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

To listen to a live webcast of the analyst briefing, please log on to the following web address approximately 5 minutes before 10.00am on the day of results, 13 September 2016: http://vm.buchanan.uk.com/2016/futuramedical130916/registration.htm.

 

For further information please contact:

Futura Medical plc

 

James Barder, Chief Executive

Tel: +44 (0) 1483 685 670

Email to: james.barder@futuramedical.com

www.futuramedical.com

 

 

N+1 Singer (Nominated Adviser and Broker)

 

Aubrey Powell / Liz Yong

Tel:+44 (0) 20 7496 3000

 

 

For media enquiries please contact:

 

Buchanan

 

Mark Court / Sophie Cowles / Stephanie Watson

Tel: +44 (0) 20 7466 5000

 

 

Notes to Editors

Futura Medical plc

Futura Medical is a pharmaceutical group that develops innovative products for consumer healthcare. The Company is developing a portfolio of products and its strategy is to license their manufacture and distribution to major pharmaceutical and healthcare groups.

Futura is based in Guildford, Surrey, and its shares trade on the AIM market of the London Stock Exchange.

www.futuramedical.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUUWBUPQPUQ
Date   Source Headline
12th Sep 20199:00 amRNSPrice Monitoring Extension
11th Sep 20194:40 pmRNSSecond Price Monitoring Extn
11th Sep 20194:35 pmRNSPrice Monitoring Extension
11th Sep 20197:00 amRNSInterim Results for Six Months ended 30 June 2019
10th Sep 20197:00 amRNSFutura Announces Joint Venture Collaboration
16th Aug 20194:37 pmRNSHolding(s) in Company
12th Aug 20193:21 pmRNSDirector/PDMR Shareholding
12th Aug 20197:00 amRNSNotice of Interim Results
23rd Jul 20192:06 pmRNSSecond Price Monitoring Extn
23rd Jul 20192:00 pmRNSPrice Monitoring Extension
5th Jul 20193:54 pmRNSHolding(s) in Company
28th Jun 20194:40 pmRNSSecond Price Monitoring Extn
28th Jun 20194:36 pmRNSPrice Monitoring Extension
25th Jun 20194:47 pmRNSDirector/PDMR Shareholding
24th Jun 20194:42 pmRNSAGM Statement
24th Jun 20197:00 amRNSAGM Statement
19th Jun 20197:00 amRNSRecruitment completed for MED2005 Phase 3 study
30th May 20197:00 amRNSNotice of AGM
30th May 20197:00 amRNSBlock listing Interim Review
29th May 201910:47 amRNSHolding(s) in Company
23rd May 20197:00 amRNSLiberum Appointed as Nominated Adviser & Broker
8th May 20192:05 pmRNSSecond Price Monitoring Extn
8th May 20192:00 pmRNSPrice Monitoring Extension
7th May 20199:05 amRNSSecond Price Monitoring Extn
7th May 20199:00 amRNSPrice Monitoring Extension
3rd May 20192:05 pmRNSSecond Price Monitoring Extn
3rd May 20192:00 pmRNSPrice Monitoring Extension
16th Apr 20196:05 pmRNSHolding(s) in Company
10th Apr 20197:00 amRNSPreliminary Results for the year ended 31 Dec 2018
5th Mar 20197:00 amRNSNotice of Preliminary Results
20th Feb 20191:10 pmRNSHolding(s) in Company
14th Feb 20197:00 amRNSFutura to host EU Advisory Panel Meeting at ESSM
13th Feb 20195:04 pmRNSHolding(s) in Company
13th Feb 20194:40 pmRNSSecond Price Monitoring Extn
13th Feb 20194:35 pmRNSPrice Monitoring Extension
8th Feb 20199:55 amRNSHolding(s) in Company
6th Feb 20197:00 amRNSHolding(s) in Company
1st Feb 20197:00 amRNSTotal Voting Rights
28th Jan 20197:00 amRNSPresentation at the 21st ESSM Congress
23rd Jan 20195:38 pmRNSHolding(s) in Company
22nd Jan 201911:05 amRNSSecond Price Monitoring Extn
22nd Jan 201911:00 amRNSPrice Monitoring Extension
11th Jan 20193:56 pmRNSHolding(s) in Company
11th Jan 201911:01 amRNSRemuneration of Non-Executive Directors and TVR
8th Jan 201911:00 amRNSPrice Monitoring Extension
3rd Jan 20194:40 pmRNSSecond Price Monitoring Extn
3rd Jan 20194:35 pmRNSPrice Monitoring Extension
17th Dec 20187:00 amRNSFutura Medical to Host R&D Day in February 2019
3rd Dec 20181:00 pmRNSTotal Voting Rights
30th Nov 20188:54 amRNSBlock listing update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.