31st Oct 2014 07:00
31 October 2014
Plethora Solutions Holdings PLC
("Plethora" or the "Company")
Change of Adviser
Plethora (AIM: PLE) announces that Hybridan LLP is no longer a joint broker to the Company and Daniel Stewart & Company Plc has become the Company's sole broker with immediate effect.
About FORTACIN™ & Premature Ejaculation:
FORTACIN™ is a topical spray for the treatment of premature ejaculation containing lidocaine and prilocaine in a eutectic-like mixture. In two large, double blind, pivotal Phase III studies FORTACIN showed a highly significant and clinically meaningful effect increasing mean intravaginal ejaculatory latency time at baseline from 0.5 minutes to 3.2 minutes at week 12. 87% of the patients in the studies were considered as responders with the product being well tolerated with no significant safety issues. FORTACIN™ also showed positive effects across a wide range of other parameters including partner satisfaction. FORTACIN™ was approved by the European Commission in November 2013.
Premature ejaculation is possibly the most common form of sexual dysfunction in men. Epidemiological studies conducted in the US and in Europe indicate a prevalence of 20% to 30% in men of all ages. There is currently no globally approved and effective pharmaceutical treatment for this condition.
The premature ejaculation market offers significant potential for development and growth given the absence of any widely approved pharmaceutical therapy with good patient acceptance. As a result an effective drug therapy for premature ejaculation may have a commercial potential comparable to erectile dysfunction drugs.
About Plethora
Plethora is headquartered in the UK and is listed on the London Stock Exchange (AIM: PLE LN). Further information is available at www.plethorasolutions.co.uk
Plethora is focused on commercializing FORTACIN™ for the treatment of premature ejaculation with strategic marketing partners and obtaining NDA approval for FORTACIN™ with the FDA.
Enquiries:
Plethora Solutions Jamie Gibson, CEO Mike Wyllie, CSO Mike Collis, CFO
| Tel : +44(0) 20 3077 5400 |
Daniel Stewart & Company Plc (Nomad & Broker) Emma Earl / Alex Brearley (Nomad) Martin Lampshire (Broker)
| Tel : +44(0) 20 7776 6550
|
Citigate Dewe Rogerson David Dible Malcolm Robertson |
Tel: +44(0) 20 7282 2949 Tel: +44(0) 20 7282 2867 |
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Plethora Solutions Holdings Plc