REG - Futura Medical PLC - Update on US launch

Futura MedicalAnnouncement

01/08/2024 07:15

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RNS Number : 6717Y  Futura Medical PLC  01 August 2024

 Futura Medical plc

("Futura", "the Group" or the "Company")

Update on US launch

 

Futura Medical plc (AIM: FUM), the consumer healthcare company behind
Eroxon®, that specialises in the development and global commercialisation of
innovative and clinically proven sexual health products, announces that, in
its HY 2024 results announcement released this morning, Haleon has confirmed
that it expects Eroxon to be available in the US before the end of this year.

 

The Company also confirms that trading remains in line with current market
expectations for FY2024. Current market expectations do not include any
contribution from the US launch in FY2024. As previously announced, the
Company plans to give updated guidance on trading at the time of its Interim
results in September.

 

Contacts:

 Futura Medical plc              James Barder                                            investor.relations@futuramedical.com

                                                       (mailto:Investor.relations@futuramedical.com)
                                 Chief Executive Officer

                                                       +44 (0)1483 685 670
                                 Angela Hildreth

                                                       www.futuramedical.com (http://www.futuramedical.com/)
                                 Finance Director and COO

 Panmure Liberum                 Emma Earl, Will Goode, Mark Rogers (Corporate Finance)  +44 (0)20 3100 2000

 Nominated Adviser               Rupert Dearden (Corporate Broking)

 and Broker

 Stifel Nicolaus Europe Limited  Alan Selby                                              +44 (0)207 710 7600

 Joint Broker                    Ben Maddison

 Alma Strategic Communications   Rebecca Sanders-Hewett                                  +44 (0)20 3405 0205

                                 Sam Modlin                                              futura@almastrategic.com

                                 Will Ellis Hancock

 

Notes to Editors:

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health
products, including lead product Eroxon. Our core strength lies in our
research, development and commercialisation of topically delivered gel
formulations in sexual health products.

Eroxon, Futura's clinically proven lead product, has been developed for the
treatment of Erectile Dysfunction ("ED"). The highly differentiated product,
which is the only topical gel treatment for ED available over the counter and
helps men get an erection in ten minutes, addresses significant unmet needs
in the ED market.

ED impacts 1 in 5 men globally across all adult age brackets, with
approximately half of all men over 40 experiencing ED and 25% of all new
diagnoses being in men under 40.

Futura has distribution partners in place in a number of major consumer
markets including Haleon in the US, the largest market for ED in the world,
and Cooper Consumer Health in Europe. Eroxon has been nominated for a number
of healthcare industry awards and has won two to-date.

 

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