Futura Medical PLC
09 May 2007
For immediate release 9 May 2007
Futura Medical Plc
('Futura' or 'the Company')
CSD500 patents granted in 30 countries
Futura Medical plc (AIM: FUM), the pharmaceutical group that develops innovative
products for consumer healthcare, announces that, in the run-up to the
commercial launch of its novel condom CSD500, patents have been granted, or are
proceeding to grant, in 30 consumer markets including the principal territories
within Europe, the US and Canada.
Futura has submitted patent applications internationally to protect its unique
intellectual property in a total of 38 countries and expects to receive patent
grants in all of these countries in due course.
CSD500, which will be marketed by SSL International plc (SSL) as a Durex(R)
branded condom, contains an erectogenic gel known as Zanifil(R) which will help
healthy men maintain a firm erection whilst wearing the condom. Futura and SSL
are currently preparing for the market launch of CSD500 which will follow the
anticipated marketing authorisation within the EU in the fourth quarter of 2007.
Futura will receive a milestone payment once marketing authorisation for CSD500
is granted within the EU, and royalty based payments from future sales of the
condom.
James Barder, Futura Medical's Chief Executive, said: 'We are delighted with the
progress we have made with our patent applications as IP protection will
underpin our revenue streams from CSD500 following the commercial launch of the
product by our marketing partner SSL.'
For further information:
Futura Medical plc
James Barder, Chief Executive Tel: +44 (0) 1483 685 670
mail to: james.barder@futuramedical.co.uk www.futuramedical.co.uk
Canaccord Adams Tel: +44 (0) 20 7050 6500
Mark Ashurst
Tyler Broda
Media enquiries:
Buchanan Communications
Mark Court / Rebecca Dietrich Tel: +44 (0) 020 7466 5000
Notes
Futura Medical plc
Futura 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 healthcare groups.
Futura is based in Guildford, Surrey, and its shares trade on the AIM market of
the London Stock Exchange.
www.futuramedical.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.