30 July 2002
Futura Medical completes new Fund raising
Futura Medical plc, a company based at the Surrey Research Park developing pharmaceutical products for sexual dysfunction announces it has recently completed an interim round of fund raising at 50 pence per share giving a market capitalisation of £21 million.
Anthony Clayden, Finance Director of Futura stated "we are constantly reviewing our financial status and although have sufficient resources in hand felt it prudent, with the continuing volatility of financial markets, to supplement our cash reserves."
(** The shares were allotted on 15 October 2002)