Futura Medical (FUM)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 35.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 65.00
  • 52 Week Low: 25.50
  • Currency: UK Pounds
  • Shares Issued: 301.45m
  • Volume: 124,612
  • Market Cap: £107.92m
  • RiskGrade: 479

Futura Medical's successful erectile dysfunction trials boost share price

By Duncan Ferris

Date: Wednesday 25 Apr 2018

LONDON (ShareCast) - (WebFG News) - Futura Medical announced on Wednesday that a pharmacokinetic study of MED2002, the company's gel-based erectile dysfunction (ED) treatment, has yielded positive results.
The study, which commenced in November, evaluated the doses of 0.2%, 0.4%, 0.6% and 0.8% of the gel's active ingredient glyceryl trinitrate (GTN) to assess the viability of different dosages for the treatment of ED.

Higher dosages were found to have caused higher concentrations of the ingredient in the bloodstream, supporting the theory that higher dosages will improve product efficacy.

High doses of the ingredient were "well tolerated" by the subjects of the study, with only mild incidences such as headaches, shown to occur in less than 2% of intercourse attempts, being recorded.

GTN demonstrated a rapid rate of absorption in the study and was directed in the bloodstream just five minutes after the application of the gel.

Futura Medical said this is a key feature of the product as potential competitor products like Viagra and Cialis are taken orally and can take as long as half an hour, an hour or even longer to take effect.

James Barder, chief executive of Futura Medical, said: "We are delighted to report the excellent data from our latest PK study for MED2002. The results show the effectiveness of our DermaSys transdermal technology and demonstrate the potential of MED2002 as a rapid and safe treatment option for erectile dysfunction."

Phase III studies for MED2002 are currently being planned by Futura Medical.

As of 1039 BST, Futura Medical's shares were up 7.69% at 35.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Futura Medical Market Data

Currency UK Pounds
Share Price 35.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 65.00
52 Week Low 25.50
Volume 124,612
Shares Issued 301.45m
Market Cap £107.92m
RiskGrade 479

Futura Medical Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.02% below the market average48.02% below the market average48.02% below the market average48.02% below the market average48.02% below the market average
16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average
Price Trend
7.80% above the market average7.80% above the market average7.80% above the market average7.80% above the market average7.80% above the market average
64.91% above the sector average64.91% above the sector average64.91% above the sector average64.91% above the sector average64.91% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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Futura Medical Dividends

No dividends found

Trades for 25-Apr-2024

Time Volume / Share Price
08:46 10,419 @ 36.12p
08:43 55,738 @ 35.88p
08:42 55,899 @ 35.80p
08:36 2,000 @ 36.12p
08:30 553 @ 36.12p

Futura Medical Key Personnel

CEO James Henry Barder
Finance Director Angela Hildreth

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