Futura Medical
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Annual Report & Accounts 2008 - Highlights
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Highlights FUTURA MEDICAL Annual Report 08 01  Substantial progress across the Company with receipt of positive regulatory opinion relating to the pharmaceutical aspects of CSD500, which will be the first commercial product  TPR100 Positive results from phase I study with commercial negotiations ongoing  PET500 Positive results from phase I study  RAD100 New product for local anaesthesia prior to injections which has shown impressive results in early clinical work  Net loss of £1.93 million (2007: net loss of £2.25 million)  Cash of £0.78 million at 31 December 2008 with a further £1.00 million equity funding raised in March 2009 Company Overview 1 Highlights 2 Futura at a Glance 3 Product Pipeline 4 Chairmans and Chief Executives Joint Review 9 Directors Report: Financial Review 12 Directors Report: Business Review 16 Directors Report: Corporate Governance 21 Directors Report: Remuneration Report 26 Directors Report: Statement of Responsibilities 27 Independent Auditors Report 28 Consolidated Income Statement 29 Consolidated Statement of Changes in Equity 30 Consolidated Balance Sheet 31 Consolidated Cash Flow Statement 32 Notes to the Consolidated Financial Statements 48 Parent Company Balance Sheet 49 Notes to the Parent Company Financial Statements 51 Company Information Contents