Business
Final Results
Final Results.
About this update from Futura Medical Plc
[{"type":"text","content":"\n Futura Medical PLC\n30 May 2007\n\n\nFor Immediate Release 30 May 2007\n\n\n\n\n Futura Medical plc\n ('Futura' or 'the Group' or 'the Company')\n\n\n\n Final Results for the year ended 31 December 2006\n\nFutura Medical plc (AIM: FUM), the pharmaceutical group that develops innovative\nproducts for consumer healthcare, is pleased to announce its final results for\nthe year ended 31 December 2006.\n\n\n\nOperational Highlights\n\n\n\n• Significant progress across our growing product and IP portfolio\n\n\n\n• CSD500 - preparation for launch underway by Durex(R)-maker SSL\n International plc ahead of regulatory approval for our condom product to help\n healthy men maintain a firm erection\n\n\n\n• MED2002 - partnering negotiations re-started following the return of\n development rights for our topical gel for erectile dysfunction\n\n\n\n• DermaSys(R) - launch of brand name for the Group's unique, topical\n drug delivery technology\n\n\n\n• TPR100 - exclusivity agreement signed with GlaxoSmithKline Consumer\n Healthcare for the negotiation of global distribution rights for our pain \n relief product\n\n\n\nFinancial Highlights\n\n\n\n• Net loss of £1.8 million (2005: net loss of £1.9 million)\n\n\n\n• Net cash at 31 December 2006 of £3.8 million (2005: £1.8 million)\n\n\n\nJames Barder, Futura's Chief Executive, said:\n\n'The outlook remains positive for the remainder of the year: interest from\npotential partners for MED2002 is encouraging, our portfolio of product\nopportunities is broadening and we are on track to achieve the major milestone\nof regulatory approval for our most advanced product, CSD500, putting us firmly\non course to becoming a business with a recurring royalty income stream.'\n\n\n\nFor any further information please contact:\n\n\nFutura Medical plc\nJames Barder, Chief Executive Tel: +44 (0) 1483 685 670\nAnthony Clayden, Finance Director\n\n\nmail to: [email protected] http://www.futuramedical.co.uk/\nCanaccord Adams\n\n\nMark Ashurst Tel: +44 (0) 20 7050 6500\nTyler Broda\n\n\n\nFor any media enquiries please contact:\n\n\nBuchanan Communications\nMark Court / Rebecca Skye Dietrich Tel: +44 (0) 20 7466 5000\n\n\n\nChairman's and Chief Executive's Joint Review\n\n\n\nWe are pleased to announce Futura's results for the year ended 31 December 2006,\na period of significant p...