logo-loader
Allergy Therapeutics PLC

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: 11.75 GBX

Market: AIM
Market Cap: £74.75 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Allergy Therapeutics PLC named herein, including the promotion by the Company of Allergy Therapeutics PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Allergy Therapeutics confident on the coming year as it reports 8% boost to...

Allergy Therapeutics PLC's (LON:AGY) Manuel Llobet and Nick Wykeman talk Proactive London's through the firm's preliminary results to June 2019. The vaccines specialist posted an 8% boost to revenues on a constant currencies basis to £73.7mln, giving ‘pre-R&D’ operating earnings of...

4 weeks ago

2 min read