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Futura Medical losses deepen on higher R&D spend

By BFN News | 02:12 PM | Wednesday 14 March, 2018


Futura Medical, which makes erection-stimulating condoms, said annual losses widened, largely owing to higher R&D costs. The company booked a pre-tax loss of £4.8m, compared to a £4.5m loss in 2016. Its 'erectogenic' condom was successfully launched in Saudi Arabia, with further launches in 2018 underway, the company said. The company is also developing an erectile dysfunction gel and a topical gel for pain relief. At 2:12pm: (LON:FUM) Futura Medical PLC share price was -2.25p at 40.25p Story provided by StockMarketWire.com

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