Interims highlight positive first signs in key markets
Lighthouse | 13 September 2022
Trinity Delta view: The positive outcome of the critical US FM71 longer-term study for MED3000 removes clinical uncertainty, shifting the focus to regulatory and commercial execution. The MED3000 regulatory package for the OTC treatment of erectile dysfunction, including data from FM57, is expected to be submitted to the FDA by end-September and following five pre-submission meetings, a rapid review for a decision by end Q123 is hoped for. In parallel, the search for a US commercial partner has commenced, whilst in Europe a widespread deal with Cooper Consumer Healthcare is already in place. Our last published Futura Medical valuation was £264m, equivalent to 92p per share.
13 September 2022
Futura Medical is an R&D driven small pharma company, with a novel DermaSys transdermal delivery platform. The lead programme, a topically applied gel (MED3000), has been approved as an OTC product for ED (erectile dysfunction) in Europe, with final trials now complete in the US.
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