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FUM Futura Medical Plc

40.50
1.70 (4.38%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Futura Medical Plc LSE:FUM London Ordinary Share GB0033278473 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 4.38% 40.50 39.70 40.50 40.00 39.00 39.60 359,491 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 0 -5.85M -0.0194 -20.62 120.28M

Futura Medical PLC AGM Statement (9942H)

14/06/2017 7:00am

UK Regulatory


Futura Medical (LSE:FUM)
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TIDMFUM

RNS Number : 9942H

Futura Medical PLC

14 June 2017

 
 For immediate release   14 June 2017 
 

Futura Medical plc

("Futura" or "the Company")

AGM Statement

Futura Medical plc (AIM: FUM), the innovative healthcare company focused on advanced transdermal technology, will hold its Annual General Meeting ("AGM") in London later today.

Futura's Chairman, John Clarke, will deliver the following statement at the meeting:

"The development and commercialisation of our product pipeline continues apace and we have made good progress in the year to date especially across our sexual health products: MED2002 and CSD500.

"As announced at the end of last month, we have received constructive feedback from US and UK regulatory authorities on the clinical and regulatory pathway for MED2002, our topical gel for erectile dysfunction. As a result of this feedback we expect our Phase III programme of MED2002 to proceed as planned, with the first patient dosed in Q4 this year. We continue to receive significant commercial interest in MED2002 from potential licensing partners and negotiations are ongoing.

"On CSD500, our novel erectogenic condom, we are currently assisting all our EU licensing partners wherever required with their launch plans in a number of countries. In addition, we have in production two manufacturing orders from our licensing partner for the Middle East and North Africa, following its launch of CSD500 in Saudi Arabia earlier this year.

"We continue in discussions on the out-licensing of our two pain relief products, TIB200 and TPR100, with potential licensing partners. We look forward to providing an update on these discussions, and on other corporate developments, in due course.

"Futura continues to benefit from a strong financial position and we look forward to the year ahead with confidence."

For any further information please contact:

 
 Futura Medical plc 
 James Barder, Chief Executive                  Tel: +44 (0)1483 685 
                                                                 670 
 mail 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                 Tel: +44 (0)20 7466 5000 
  / Stephanie Watson 
 

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

AGMUOANRBWANAAR

(END) Dow Jones Newswires

June 14, 2017 02:00 ET (06:00 GMT)

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