Encouraging FY19 results and MED3000 update
Lighthouse | 1 April 2020
Trinity Delta view: A detailed analysis of the initial FM57 pivotal study results confirms that the erectogenic effect of the MED3000 DermaSys formulation was remarkably consistent across all treatment groups. Positive and collaborative discussions with US and European regulators have improved clarity on the approval pathways. The commercial opportunities are potentially greater than previously thought; with not only the extended patent life but a wider market, eg potential use with existing ED medications such as PDE5 inhibitors, and a possibly quicker route to OTC use. Clearly significant unknowns remain, but the outlook is increasingly positive. We suspended our forecasts and valuation at the time of the FM57 results and intend to reinstate them as soon as practicable.
1 April 2020
Futura Medical is an R&D driven small pharma company, with a novel DermaSys transdermal delivery platform. The lead programme, MED3000, a topically applied gel, is being developed for erectile dysfunction (ED). A pain relief gel, TPR100, is awaiting UK approval.
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