Something for the weekend? Futura Medical (FUM)
Posted: March 20th, 2021, 5:03 pm
Not, perhaps, a 'share idea' in the usual sense but I see that Futura Medical hasn't featured on TLF so I thought it may offer 'something for the weekend'.
Futura, having failed at pretty much everything it's been involved with, was trialing a medication for erectile disfunction (ED), a rub on gel containing a nitroglycerin substance. (Like that used in their demised Blue Diamond condoms idea.) The trial failed as the results indicated that a pretty much similar effect was obtained using the gel without that active ingredient as with. In what seemed to be a bit of a face saving exercise they then decided to promote the miracle effect of the base gel on the grounds that rubbing something on the member, rather than nothing, was beneficial. This was attributed to the initial evaporative cooling effect. The base gel contains alcohol, apparently, much like that which many will have been rubbing on thier hands in recent times. So Futura decided to attempt to market this gel (now known as MED3000) as a Class II medical device, applying to the FDA in the US and to the EMA in the EU. The FDA suggested that they would like more proof, a small 6m trial against Cialis. Futura had no money for this, or much else. It has not been reported that the EMA has asked for more proof. Then this happens, which I won't attempt to precis:
4th March 2021 - https://www.investegate.co.uk/futura-me ... 00081014R/
(The counterparties all appear to be in common control.)
19th March 2021
https://www.investegate.co.uk/futura-me ... 00037879S/
I'll leave you to look at the FUM chart and, if you dare, the boards in the usual places. (I'll not mention Twitter or the tabloids!)
Note that Futura has an OTC listing across the pond.
Further reading:
Link to the detail of the last fundraise following the failed trial:
https://www.investegate.co.uk/futura-me ... 30067183X/
And, as if you might not have guessed:
https://www.investegate.co.uk/futura-me ... 00029846U/
(Disclosure: Interested bystander only.)
Futura, having failed at pretty much everything it's been involved with, was trialing a medication for erectile disfunction (ED), a rub on gel containing a nitroglycerin substance. (Like that used in their demised Blue Diamond condoms idea.) The trial failed as the results indicated that a pretty much similar effect was obtained using the gel without that active ingredient as with. In what seemed to be a bit of a face saving exercise they then decided to promote the miracle effect of the base gel on the grounds that rubbing something on the member, rather than nothing, was beneficial. This was attributed to the initial evaporative cooling effect. The base gel contains alcohol, apparently, much like that which many will have been rubbing on thier hands in recent times. So Futura decided to attempt to market this gel (now known as MED3000) as a Class II medical device, applying to the FDA in the US and to the EMA in the EU. The FDA suggested that they would like more proof, a small 6m trial against Cialis. Futura had no money for this, or much else. It has not been reported that the EMA has asked for more proof. Then this happens, which I won't attempt to precis:
4th March 2021 - https://www.investegate.co.uk/futura-me ... 00081014R/
(The counterparties all appear to be in common control.)
19th March 2021
https://www.investegate.co.uk/futura-me ... 00037879S/
I'll leave you to look at the FUM chart and, if you dare, the boards in the usual places. (I'll not mention Twitter or the tabloids!)
Note that Futura has an OTC listing across the pond.
Further reading:
Link to the detail of the last fundraise following the failed trial:
https://www.investegate.co.uk/futura-me ... 30067183X/
And, as if you might not have guessed:
https://www.investegate.co.uk/futura-me ... 00029846U/
(Disclosure: Interested bystander only.)