The manufacturing and licensing agreement with TTK, a major player in the Indian condom market, represents a further step towards global commercialisation of CSD500, Futura’s novel erectogenic condom. TTK has extensive experience in cost-efficient condom manufacture, having previously supplied Durex condoms to SSL International globally prior to its acquisition by Reckitt. In addition, CSD500 in our view represents an excellent fit for TTK’s fastgrowing SKORE condom brand in India. We maintain a positive stance.
