Business
TPR100 Agreement with GSK
TPR100 Agreement with GSK.
About this update from Futura Medical Plc
[{"type":"text","content":"\n RNS Number : 4910O Futura Medical PLC 30 June 2010 \n \n\n \n\n\n\n\nFor immediate release \n\n\n30 June 2010\n\n\n\n\n \n \n \nFutura Medical plc\n(\"Futura\" or \"the Company\")\n \n Signs Development Agreement \nwith GlaxoSmithKline plc for TPR100\n \nFutura Medical plc (AIM: FUM), the pharmaceutical group that develops innovative products for consumer healthcare, announces that it has signed a development agreement with GlaxoSmithKline Consumer Healthcare (GSK) for the development of TPR100, the Company's novel, topically applied product for pain relief.\n \nUnder the terms of the agreement GSK will fully fund and be responsible for all clinical and regulatory development. GSK will also pay modest annual payments to Futura whilst development work proceeds. Subject to satisfactory clinical outcomes and regulatory approvals both parties expect to enter into a commercial distribution agreement in due course.\n \nJames Barder, Futura's Chief Executive, said: \"This agreement marks another important step in the development of Futura. It broadens the Company's commercial relationships and sources of potential royalty income. In addition, it provides further endorsement of our DermaSys® drug delivery technology and of our strengths in product development.\"\n \n \n \n \n \n \nFor any further information please contact:\n \n\n\n\n\nFutura Medical plc\n\n\n \n\n\n\n\nJames Barder, Chief Executive\n\n\nTel: +44 (0) 1483 685 670\n\n\n\n\n \n\n\n \n\n\n\n\nmail to: [email protected]\n\n\nwww.futuramedical.com\n\n\n\n\n \n\n\n \n\n\n\n\nNomura Code Securities Limited\n\n\n \n\n\n\n\nPhil Walker / Giles Balleny\n\n\nTel:+44 (0)20 7776 1200\n\n\n\n\n \n\n\n \n\n\n\n\nFor media enquiries please contact:\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBuchanan Communications\n\n\n \n\n\n\n\nMark Court / Stasa Filiplic / George Prassas\n\n\nTel: +44 (0) 20 7466 5000\n\n\n\n\n \n \nNotes to Editors\n \nFutura Medical plc\n \nFutura Medical is a pharmaceutical group that develops innovative products for consumer healthcare. The Company is developing a portfolio of products and its strategy is to license their manufacture and distribution to major pharmaceutical and he...