Board change
Summary by AI BETAClose X
03 December 2025
Futura Medical plc
("Futura", "the Group" or the "Company")
Board change
Futura Medical (AIM:FUM), the consumer healthcare Group behind Eroxon®, that specialises in the development and global commercialisation of innovative and clinically proven sexual health products, announces that following the passing of resolutions in respect to the recently announced placing and subscription, and significant reduction in Lombard Odier Asset Management's percentage shareholding in Futura following the upcoming admission of the placing shares and subscription shares to trading on AIM, Harmesh Suniara is stepping down from his role as Non-Executive Director and will step off the Board with immediate effect. Harmesh was appointed to the Board as Lombard Odier Asset Management's representative in March 2025.
Andrew Unitt, Non-Executive Chair, commented: "The Board would like to express our gratitude to Harmesh for his dedication to the Company during his tenure as Non-Executive Director; his advice and guidance have been invaluable ahead of the completion of the fundraise. With the successful fundraising in place giving the Company a sure financial footing, we are now focused on the competition of the strategic review in Q1 FY26, alongside progressing the development of Eroxon Intense and WSD4000."
Contacts:
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Futura Medical plc
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Alex Duggan Chief Executive Officer Angela Hildreth Finance Director and COO
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investor.relations@futuramedical.com +44 (0)1483 685 670
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Panmure Liberum Nominated Adviser and Broker
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Emma Earl, Will Goode, Mark Rogers (Corporate Finance) Rupert Dearden (Corporate Broking) |
+44 (0)20 3100 2000
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Turner Pope Investments (TPI) Ltd Broker
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Guy McDougall / Andrew Thacker |
+44 (0) 20 3657 0050
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Alma Strategic Communications |
Rebecca Sanders-Hewett Sam Modlin Emma Thompson |
+44 (0)20 3405 0205 futura@almastrategic.com |
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Notes to Editors:
Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon® and development products WSD4000 and Eroxon® Intense. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.
Sexual health issues are prevalent in both men and women. Erectile Dysfunction ("ED") impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40. Around 60% of women experience at least one symptom of sexual dysfunction, and only one in four women seek professional help, and remain chronically underserved.
Eroxon®, Futura's clinically proven lead product, has been developed for the treatment of ED. The highly differentiated product, which is the only topical gel treatment for ED available over the counter and helps men get an erection in ten minutes, addresses significant unmet needs in the ED market. Eroxon® has been nominated for a number of healthcare industry awards and has won two to-date.
Futura has distribution partners in place in a number of major consumer markets including Haleon in the US, the largest market for ED in the world, and Cooper Consumer Health in Europe.
WSD4000 is a topical treatment designed for the symptoms of impaired sexual response and function in women. There is currently no regulatory approved OTC treatment available for impaired sexual response and function in women. WSD4000 has the potential to be an effective, breakthrough treatment for the common symptoms associated with impaired sexual response and function, such as lack of desire, arousal and lubrication.
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