Futura Medical worth double current value suggests research house
A major inflexion point will be the results of a pivotal Phase III study (FM57) for MED2005 in December.
Company
LON:FUM
Futura Medical specialises in the development and global commercialisation of innovative sexual health products, including lead product Eroxon®. The company's core strength lies in its research, development and commercialisation of topically delivered gel formulations in sexual health products.
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A major inflexion point will be the results of a pivotal Phase III study (FM57) for MED2005 in December.
The broker said the phase III clinical trial, which is expected to report by the middle of next month, had been “significantly de-risked” and had an over 70% chance of delivering a positive outcome
MED2005, which is currently undergoing a phase III clinical trial, demonstrated a “dose-proportional” increases in penile blood flow
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In the same announcement, it said recruitment for a one-year, open-label extension study involving 1,000 men had been successfully concluded
The company will also host its third Scientific Advisory Meeting with high profile US key opinion leaders in the field of erectile dysfunction
The update in erectile dysfunction treatment MED2005 was provided alongside interim results
“The benefits and applications of cannabis and cannabidiol in both the medical and consumer markets are well known and expanding rapidly," said Futura boss James Barder.
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Depending on the read-out from current study, it may opt to submit the results from just one phase III trial in Europe. But at this stage it is only considering this option
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A total of 1,000 men with mild, moderate and severe ED will be treated with MED2005
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In an initiation note, Liberum’s analysts forecast peak sales potential for MED2002 at £500mln, ten times the company’s current market cap of £50mln
Over the weekend The Guardian published an in-depth piece on the emerging treatments for erectile dysfunction (ED) with a significant focus on Futura's MED2005 product
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