viewFutura Medical PLC

Futura Medical reinitiated at ‘buy’ as Liberum forecasts MED3000 sales potential of £300mln

The broker said with the right commercialisation partner, the firm's erectile dysfunction treatment could take a 15% market share in the US and EU

Futura Medical PLC - Futura Medical reinitiated at ‘buy’ as Liberum forecasts MED3000 sales potential of £300mln

Futura Medical PLC (LON:FUM) has been reinitiated with a ‘buy’ rating and 55p target price by analysts at Liberum, who said the firm’s MED3000 erectile dysfunction (ED) treatment had a peak sales potential of £300mln.

In a note on Monday, the broker said they expected AIM-listed Futura to secure US and EU approval for the product by mid-2021 “at the latest given the quality and quantity of its data”.

READ: Futura Medical files for pre-submission meeting with the FDA for MED3000

“MED3000 has competitive efficacy vs. oral therapies, looks to have a cleaner safety profile and works far quicker. We see it positioned as a first line, low-risk therapy”, Liberum said.

Analysts also predicted that with the right partner, MED3000 could take a “15% market share in the US and EU5, which at a slight price premium implies just over £300mln of peak sales”.

Given such high potential, Liberum said finding a commercialisation partner “should be straightforward” for Futura and “unlock significant value for shareholders”.

The bullish assessment sent Futura’s shares 5.7% higher to 13.7p in late-morning trading.

Quick facts: Futura Medical PLC

Price: 13.5 GBX

Market: AIM
Market Cap: £33.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Futura Medical PLC named herein, including the promotion by the Company of Futura Medical PLC in any Content on the Site, the Company receives...


Market report: FTSE falters as US Federal Reserve decision takes centre stage

The FTSE 100 mixed this Wednesday after the (OECD) said the global economy is set to shrink 4.5% in 2020, which is not as bad as the 6% collapse it had forecast in June. Also today - the UK’s inflation fell to 0.2% in August, from 1% in July - due largely to the ‘Eat out to help out’ government...

on 16/9/20

2 min read