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Allergy Therapeutics expects earnings to come in ahead of market expectations

Allergy Therapeutics PLC's (LON:AGY) CFO Nick Wykeman talks Proactive London's Andrew Scott through their trading update for the year to the end of June 2019.

He says net revenue for the year's expected to be £73.7mln, up 8% on last year, while cash at the end of June was £27.4mln.

That means the group has the funds to fully finance from existing resources the phase III clinical trial of its new short-form grass allergy inoculation due to start next autumn.

Quick facts: Allergy Therapeutics PLC

Price: 14.45 GBX

AIM:AGY
Market: AIM
Market Cap: £92.09 m
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Allergy Therapeutics on the potential of peanut vaccine

An Allergy Therapeutics (LON:AGY) breakthrough has the potential to protect against severe allergic reactions to peanuts, according to research carried by a leading academic journal.   The single injection helped mice generate “sustained immunity and protection through vaccination”,...

on 3/3/20

2 min read