focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 38.65
Ask: 39.35
Change: -0.20 (-0.51%)
Spread: 0.70 (1.811%)
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
26th Nov 20186:00 pmRNSApplication for Block Listing
19th Nov 20183:43 pmRNSHolding(s) in Company
19th Nov 20182:29 pmRNSHolding(s) in Company
19th Nov 20182:24 pmRNSHolding(s) in Company
19th Nov 201811:03 amRNSDirectors' / PDMR Dealing and Grant of Options
15th Nov 201811:36 amRNSHolding(s) in Company
13th Nov 20187:00 amRNSDirector/PDMR Dealings
12th Nov 20182:17 pmRNSResult: Open Offer General Meeting & Voting Rights
9th Nov 20187:00 amRNSPresents Data on MED2005 at SMSNA Annual Meeting
6th Nov 20188:29 amRNSHolding(s) in Company
31st Oct 20187:00 amRNS1st Patient Enrolled in European Ph3 MED2002 study
24th Oct 201810:19 amRNSPosting of Circular and Notice of General Meeting
19th Oct 20189:05 amRNSSecond Price Monitoring Extn
19th Oct 20189:00 amRNSPrice Monitoring Extension
19th Oct 20187:00 amRNSFurther Details on the Fundraising
18th Oct 20185:16 pmRNSOffer on PrimaryBid.com
18th Oct 20185:04 pmRNSProposed Fundraising
1st Oct 20187:00 amRNSHolding(s) in Company
26th Sep 20187:00 amRNSInterim Results for the Six Months 30 June 2018
24th Sep 20183:39 pmRNSTR-1: Notification of major holdings
24th Sep 20187:00 amRNSHolding(s) in Company
24th Sep 20187:00 amRNSHolding(s) in Company
20th Sep 20184:41 pmRNSSecond Price Monitoring Extn
20th Sep 20184:35 pmRNSPrice Monitoring Extension
19th Sep 20189:05 amRNSSecond Price Monitoring Extn
19th Sep 20189:00 amRNSPrice Monitoring Extension
19th Sep 20187:00 amRNSBusiness Update
29th Aug 20187:00 amRNSNotice of Interim Results
23rd Jul 20187:00 amRNSTPR 100: UK Regulatory Submission
13th Jun 20186:22 pmRNSResult of AGM
13th Jun 20187:00 amRNSAGM Statement
31st May 20186:20 pmRNSTotal Voting Rights
30th May 201810:20 amRNSBlock Listing Interim Review
25th May 20187:00 amRNSApplication for Block Listing
27th Apr 20185:11 pmRNSNotification of Major Interest in Shares
26th Apr 20187:00 amRNSPhase III efficacy study of MED2002
25th Apr 20187:00 amRNSPositive data from MED2002 PK study
6th Apr 201812:13 pmRNSNotice of AGM
14th Mar 20187:00 amRNSPreliminary Results
13th Mar 20187:00 amRNSPositive Interim Data from MED2002 PK study
20th Feb 20187:00 amRNSDirectorate Changes
15th Feb 20187:00 amRNSNotification of Preliminary Results
31st Jan 201810:39 amRNSTotal Voting Rights
4th Jan 20187:00 amRNSPublication of Positive MED2002 Clinical Data
3rd Jan 20183:08 pmRNSDirector/PDMR Shareholding
2nd Jan 20183:50 pmRNSRemuneration of Non-Executive Directors and TVR
29th Nov 20177:00 amRNSMED2002: Regulatory, Clinical & Commercial Update
29th Nov 20177:00 amRNSMED2002: PK Study Commences
24th Nov 20171:08 pmRNSBlock Listing Update
23rd Oct 20173:30 pmRNSPDMR Dealing

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.