Focused on MED2005 ED gel and TPR100 pain relief gel
Products based on its DermaSys skin-based drug delivery system
MED2005 phase III trial results due by end of year
Seeking UK approval for TPR100
What it does
All of its products are based around its DermaSys skin-based drug delivery system.
Perhaps the most exciting product is MED2002, Futura’s erectile dysfunction gel which is designed for those men where the current pill-based treatments aren’t appropriate or carry significant side-effects.
It is currently undergoing a Phase III study in Europe, headline data from which is expected by the end of this year.
The company is also working on three pain relief gels: TPR100, TIB200 and SPR300. Each contains a different painkiller or anti-inflammatory.
TPR100, the most advanced gel, contains diclofenac, TIB200 contains ibuprofen and SPR300, which is a potential follow to those two, contains methyl salicylate.
Futura’s most developed product is CSD500, a condom that is coated in an erectogenic gel which helps men maintain firmer erection for longer.
The condoms were launched in Saudi Arabia last year and more than a million have been sold, but without a major commercial partner, Futura is not putting any more money into this.
How it’s doing
With the condom very much on the backburner, Futura is focusing on two things at the minute: its ED gel pain relief gels.
A phase III study of MED2005 kicked off last October and more than 450 patients have been enrolled. Top-line data is expected before the year end.
“The study is going well and we’re looking forward to getting the results at the end of this year,” said chief executive James Barder.
As for TPR100, Futura’s partner Thornton & Ross applied for approval from UK regulators last summer. Discussions with officials are ongoing, but the company is hopeful of reaching a conclusion later this year.
Turning to the financials, the business posted a £5.89mln loss for the year ended December 31.
More importantly, having raised £5.85mln last November (and with cash resources of £9.16mln at the year-end), it has the financial runway to see it through to the data readout for its ED breakthrough.
What the boss says
Looking ahead, there are a couple of key inflection points:
Headline results from the phase III trial of MED2005 which are due before the end of the year
A decision from UK regulators on TPR100,which Futura is hearing about later tin 2019