Announcement • Jun 12
Allergy Therapeutics plc Presents Data From Pollen And Food Allergy Research Portfolio And Hosts Symposium At EAACI Congress 2026 Allergy Therapeutics plc announced that it will be presenting data from across its pollen and food allergy research portfolio at the European Academy of Allergy and Clinical Immunology (EAACI) Congress 2026, taking place in Istanbul, Türkiye, from 12 June 2026 through to 15 June 2026. Allergy Therapeutics will present 15 posters and oral presentations at the conference, including: Data from the Group's Phase I/IIa PROTECT trial of VLP Peanut, the Group's innovative, short-course peanut allergy immunotherapy candidate. The PROTECT trial met the primary endpoint, demonstrating a benign safety profile of VLP Peanut, with a strong dose-response in immunomodulating tolerogenic immune responses induced confirming clinical proof of concept. Blinded safety data from the first year of the Company's G308 Phase III trial evaluating the short- and long-term efficacy and safety of Grass MATA MPL in a paediatric population with grass-induced seasonal allergic rhinitis and rhinoconjunctivitis, demonstrating a benign safety profile in the first year of treatment and a low trial discontinuation rate. The Company will also host a symposium at the EAACI Congress from 15:00-16:00 TRT, co-chaired by Dr. Mohamed Shamji, Professor of Immunology and Allergy at Imperial College London, and Dr. Janice Layhadi, Research Associate at the Immunomodulation and Tolerance Group of Allergy & Clinical Immunology, Imperial College London. The symposium, titled Scoring Against Allergies: New Therapeutic Strategies on the Horizon, will focus on Allergy Therapeutics' ongoing work with Grass MATA MPL in a paediatric population and highlight the Company's progression of VLP Peanut as a novel therapeutic candidate for peanut allergy. In addition, the EAACI Early Career Research Award, supported by Allergy Therapeutics, will be presented to this year's recipient, Juan Luis Paris, PhD, at this year's congress. Juan Luis is a Principal Investigator at the Instituto de Investigación Biomédica de Málaga (IBIMA, Málaga, Spain), where his research is focused on developing bio- and nano-materials for therapeutic immunomodulation in allergic diseases and other pathologies. The EAACI Early Career Research Award provides an unrestricted research grant of up to EUR 30,000 and is open to EAACI Junior Members who have previously published their high-impact research on allergy and immunology and demonstrated their drive and dedication in the area of immunotherapy. Data from the Phase I/IIa PROTECT trial of VLP Peanut have confirmed a strong safety and tolerability profile of this novel immunotherapy candidate while also demonstrating clinical proof of concept, and preparations for the Group's Phase IIb trial are continuing. Clinical progress with Grass MATA MPL has continued following regulatory approval of the product in Germany, with encouraging paediatric safety data strengthening the evidence base that the product could provide a differentiated treatment option for grass-induced seasonal allergic rhinitis and rhinoconjunctivitis in a younger patient population. The complete list of Allergy Therapeutics-sponsored abstracts accepted by EAACI for presentation are available on the Group's website. No new material price sensitive information will be disclosed on Allergy Therapeutics at the EAACI Congress 2026. Reported Earnings • Apr 02
First half 2026 earnings released: UK£0.004 loss per share (vs UK£0.002 loss in 1H 2025) First half 2026 results: UK£0.004 loss per share (further deteriorated from UK£0.002 loss in 1H 2025). Revenue: UK£36.3m (up 6.6% from 1H 2025). Net loss: UK£19.9m (loss widened 68% from 1H 2025). Announcement • Mar 05
Allergy Therapeutics plc Announces Consistent Biomarker Results Fromits Phase I/IIa PROTECT Trial Allergy Therapeutics plc announces consistent biomarker results fromits Phase I/IIa PROTECT trial, supporting the strong immunomodulating potential of the product. Increasing doses of VLP peanut were associated with a reduction compared to baseline in basophil sensitivity for whole peanut extract and Ara h2. Notably, at the higher dose, the reduction reached 376% (p=0.003) and 489% (p=0.04) for peanut and Ara h2 compared to placebo respectively. The functional assay measuring the main allergen (Ara h2) binding to the effector B-Cells (IgE-Fab) demonstrated a relevant downward dose response, reaching statistical significance for the higher dose of VLP Peanut. Both these positive outcomes in basophil sensitivity and IgE-FAB were associated with a strong dose-response in Ara h2-specific IgG change from baseline when comparing each of the cumulative doses with placebo, reaching statistical significance for all but the lowest dose compared to placebo reaching p=0.0005 for the higher dose. A reduction in wheal diameter was observed 1-month post treatment while placebo wheal diameter slightly increased consistent with the beneficial immunological shift seen across the full panel of efficacy biomarkers. New Risk • Feb 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£32m free cash flow). Negative equity (-UK£28m). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£35m net loss next year). Share price has been volatile over the past 3 months (9.2% average weekly change). Announcement • Jan 29
Allergy Therapeutics plc Announces Board and Executive Appointments Allergy Therapeutics plc at its AGM held on 29 January 2026 appointed Helge Weiner-Trapness as a Executive Director. 30 January 2026- the company announced the appointment of Helge Weiner-Trapness as Chief Strategy Officer. He also joins the Group's Board as an Executive Director. Helge has more than 30 years of experience across leading global investment banks in the US and Asia. He most recently served as Vice Chairman, Global Banking at HSBC Holdings plc (LSE: HSBA; HKG: 0005), one of the world's largest financial organizations which is dual-listed on the London Stock Exchange and the Hong Kong Stock Exchange. He was a Founding Partner of Hong Kong-based Quintus Partners, an independent financial advisory firm offering investment banking, strategic advisory and capital raising, particularly in the US and Asia. Earlier, he held senior roles at Barclays Bank, Asia Pacific Land, J.P. Morgan Securities and Goldman Sachs. In his newly created role as Chief Strategy Officer, Helge will drive Allergy Therapeutics' long-term growth strategy, including corporate development, partnership strategy and portfolio prioritisation as Allergy Therapeutics advances its next-generation pipeline and explores opportunities to deliver on its global ambitions. Allergy Therapeutics also announced that Lawrence Allen Wang will join the Company's Board as an independent Non-Executive Director. Lawrence has more than 20 years' experience across healthcare and investment roles. He currently serves as Chief Financial Officer of Adicon Clinical Laboratories Inc. (HKG: 9860), one of China's leading independent clinical laboratory service providers, where he played a key role in the company's financing and its listing on the Hong Kong Stock Exchange. Prior to Adicon, Lawrence held roles in private equity, asset management and investment banking groups, including positions at Vivo Capital, Primavera Capital, Macquarie Group and Goldman Sachs (Asia). Announcement • Jan 19
Allergy Therapeutics plc Provides Earnings Guidance for the Six Months Ended 31 December 2025 Allergy Therapeutics plc provided earnings guidance for the six months ended 31 December 2025. For the period, the group expects revenue to be £36.3 million (2024: £34.0 million), representing growth of 7% on a reported basis,or 3% on a constant currency basis. Overall Group sales for the full year ending 30 June 2026 are expected to exceed those achieved in the year ended 30 June 2025. Announcement • Jan 06
Allergy Therapeutics plc, Annual General Meeting, Jan 29, 2026 Allergy Therapeutics plc, Annual General Meeting, Jan 29, 2026. Location: the offices of cooley uk llp, 22 bishopsgate, ec2n 4bq, london United Kingdom New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£32m free cash flow). Negative equity (-UK£28m). Earnings have declined by 49% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£35m net loss next year). Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Dec 14
Full year 2025 earnings released: UK£0.008 loss per share (vs UK£0.01 loss in FY 2024) Full year 2025 results: UK£0.008 loss per share. Revenue: UK£55.0m (flat on FY 2024). Net loss: UK£40.1m (loss widened 3.9% from FY 2024). New Risk • Dec 12
New major risk - Revenue and earnings growth Earnings have declined by 60% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£7.1m). Earnings have declined by 60% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£35m net loss next year). Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Nov 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-UK£7.1m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£31m net loss next year). Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Oct 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-UK£7.1m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£31m net loss next year). Announcement • Jul 31
Allergy Therapeutics plc Announces Publication of Three Papers in the Journal Allergy That Strengthens the Evidence Base for Grass MATA MPL Allergen Immunotherapy Allergy Therapeutics announced the publication of three key publications in the journal Allergy supporting the efficacy, safety and quality-of-life effects of Grass MATA MPL, the Group's innovative subcutaneous immunotherapy (SCIT) candidate designed to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. Allergy is the official journal of EAACI with an impact factor of 12.6, the highest-impact journal in the field of allergy and clinical immunology. A Marketing Authorisation Application to the Paul Ehrlich Institut in Germany is currently under review, following the Group's submission in November 2024. Should this result in regulatory approval, commercial launch of the product is anticipated in FY2026. Results from Allergy Therapeutics' G306 Phase III trial, which completed in November 2023, have been published by Zielen et al., showing that Grass MATA MPL met the primary endpoint, demonstrating a highly statistically significant reduction in the Combined Symptom & Medication Score (CSMS) of 20.3% (p=0.0005) compared to placebo over the peak pollen season. Furthermore, a meta-analysis of the two Phase III trials in the Grass MATA MPL programme (G306 and G309) has also been published by Zielenet al., whereby 674 adult subjects with allergic rhinitis and/or rhino-conjunctivitis were included. Furthermore, based on an anchor-based approach using the rhinitis quality-of-life questionnaire, an MCID of 16% and 0.22 points were justified as relative and absolute CSMS differences, respectively. Taken together, these three papers complete the publication cycle for the adult-phase of the clinical programme evaluating Grass MATA MPL. The Group's G308 long-term paediatric study evaluating Grass MATA MPL in a paediatric population is ongoing, and the first cohort of grass allergic patients has completed their first grass pollen season. Furthermore, a Meta-analysis of the two Phase 3 trials in the Grass MATAMPL programme (G306 andG309) has also been published By Zielen et al. whereby 674 adult subjects with allergy rhinitis and/or Rhino-conjunctivis were included. Furthermore, based On an anchor-based approach using The rhinitis quality-of thelife questionnaire, an MCIDof 16% and 0.22points were justified as relative and absoluteCSMS differences, respectively. taken together, these three papers complete The publication cycle for the adult- phase of the clinical programme evaluating grass MATA MPL. The group's G308 long-term pediatric study evaluating Grass MATA MP L in a paediatric population is continue, and the first cohort of Grass MATA MPL has completed their first grass allergy season. Announcement • Jul 21
Allergy Therapeutics plc Provides Revenue Guidance for the Second Half and Year Ended 30 June 2025 Allergy Therapeutics plc provided revenue guidance for the second half and year ended 30 June 2025. Revenue for second half is expected to be £21.0 million (second half 2024: £21.6 million), reflecting an earlier than expected impact of the approaching change in the German regulatory landscape, as the end of the TAV transition period is reached in 2026. This is expected to result in unregistered allergy treatments being withdrawn from the market and a shift to fully licensed products.
Revenue for the year ended 30 June 2025 is expected to be broadly flat at £55.0 million (2024: £55.2 million) based on actual foreign currency rates. Announcement • Jun 13
Allergy Therapeutics plc Presents Key Scientific Findings from Research Portfolio At European Academy of Allergy and Clinical Immunology Congress Allergy Therapeutics announced that it will share key scientific findings from across its research portfolio at the European Academy of Allergy and Clinical Immunology (EAACI) Congress, taking place until 16 June in Glasgow, United Kingdom. The EAACI Congress is the world's largest scientific conference specialising in the field of allergy and clinical immunology and the flagship meeting of the European Academy of All allergy and Clinical Immunology. The Academy is an association of more than 16,000 clinicians, researchers and allied health professionals from 124 countries, dedicated to improving the health of people affected by allergic diseases. Among its posters being presented, Allergy Therapeutics will share: Preliminary clinical proof of concept for the Group's novel immunomodulating peanut allergy vaccine candidate demonstrated in peanut-allergic patients after three injection days, four weeks apart at two low cumulative doses. The peanut allergy vaccine candidate, currently at the final cohort stage of the first-in-human Phase I/IIa PROTECT trial, shows a benign safety profile in healthy subjects and peanut allergic patients. Moreover, it has demonstrated a strong dose-dependent reduction in skin-prick-test wheal size at low cumulative doses, accompanied by concordant biomarker changes supporting its hypoallergic mode of action in combination with early signs of a potent, clinically meaningful immune response. Major Estimate Revision • Apr 07
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£64.8m to UK£58.0m. Forecast losses increased from -UK£0.0067 to -UK£0.0076 per share. Pharmaceuticals industry in the United Kingdom expected to see average net income growth of 41% next year. Consensus price target of UK£0.13 unchanged from last update. Share price fell 2.4% to UK£0.061 over the past week. Reported Earnings • Apr 04
First half 2025 earnings released: UK£0.002 loss per share (vs UK£0.006 loss in 1H 2024) First half 2025 results: UK£0.002 loss per share (improved from UK£0.006 loss in 1H 2024). Revenue: UK£34.0m (up 1.4% from 1H 2024). Net loss: UK£11.1m (loss narrowed 29% from 1H 2024). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Pharmaceuticals industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -UK£7.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£32m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-UK£7.1m). Minor Risk Currently unprofitable and not forecast to become profitable next year (UK£30m net loss next year). Announcement • Mar 31
Allergy Therapeutics plc Provides Sales Guidance for the Second Half and Full Year of 2025 Allergy Therapeutics plc provided sales guidance for the second half and full year of 2025. In the second half of the financial year,we expect further sales growth when compared to second half of2024 and company expects overall sales for the full year of 2025 to show growth over the corresponding period ended 30 June 2024. Announcement • Mar 27
Allergy Therapeutics plc Announces Positive Interim Analysis Data from the Phase I/IIa VLP Peanut PROTECT Trial Allergy Therapeutics plc announced positive interim biomarker efficacy data from its Phase I/IIa VLP Peanut PROTECT trial, demonstrating the first evidence of treatment effect in peanut allergic patients. Interim analysis of the first two cohorts of peanut allergic patients showed that treatment with VLP Peanut resulted in a meaningful dose-dependent reduction in skin sensitivity to peanut allergen, with treated patients in cohort 2 showing a 48% reduction in wheal size after skin-prick test compared to an 8% reduction in those treated with placebo. Additionally, a comparison of the biomarker profile between treatment and placebo points to VLP Peanut driving a reduction in allergic response to the major peanut allergen (Ara h2): A protective dose-dependent inhibition of Ara h2 IgE binding to B cells was observed after treatment with VLP Peanut compared to placebo. This inhibitory effect is indicative of how VLP Peanut induces blocking antibodies that may reduce the pro-allergic response. A trend towards a reduction of both basophil sensitivity and basophil reactivity to Ara h2 was seen, especially for the higher VLP Peanut dose, and an induction of protective specific IgG towards the major peanut allergen Ara h2 was observed compared to placebo. This interim analysis stage involved 12 peanut allergic patients across three treatment groups. The data represents the first demonstration of an immunologic response using a nanoparticle-based approach in peanut allergic patients. Following administration of initial escalating doses, patients underwent comprehensive assessment including skin-prick testing with whole peanut extract and blood sampling to identify key biomarkers of efficacy. As previously communicated, no relevant safety signals have been observed to date. Announcement • Jan 28
Allergy Therapeutics plc Provides Earnings Guidance for the Six Months Ended 31 December 2024 and Second Half and for the Full Year Ending on 30 June 2025 Allergy Therapeutics plc provided earnings guidance for the six months ended 31 December 2024 and second half and for the full year ending on 30 June 2025. For the six months, the group expects revenue for the six months ended 31 December 2024 to be £34.0 million (2023: £33.6 million), representing 1% growth on a reported basis, or more than 4% on a constant currency basis.
In the second half of the financial year, sales are expected to continue to grow.
For the Full year ending on 30 June 2025, Overall sales are expected to exceed sales in the corresponding period ended 30 June 2024. Board Change • Nov 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director David William Ball was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 26
Allergy Therapeutics plc Submits Marketing Authorisation Application for Grass MATA MPL Allergy Therapeutics plc announced that it has submitted a full Marketing Authorisation Application (MAA) to the Paul Ehrlich Institut (PEI) for its Grass MATA MPL subcutaneous immunotherapy (SCIT) candidate designed to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. The application has been submitted under a National procedure in Germany and following completion of standard validation checks by PEI, the Group expects the formal MAA review process to begin shortly. Grass MATA MPL incorporates MicroCrystalline Tyrosine ("MCT") adsorbed allergoids and the innovative adjuvant Monophosphoryl-lipid A ("MPL"). Grass MATA MPL has been developed to modify the allergic response following only six injections prior to the grass allergy season. The full MAA comprises a comprehensive evidence package of quality, safety and clinical efficacy including the Group's pivotal Phase III G306 trial in adults. In that trial, Grass MATA MPL demonstrated a highly statistically significant reduction in the Combined Symptom & Medication Score (CSMS) compared to placebo over the peak pollen season. Announcement • Nov 22
Allergy Therapeutics plc, Annual General Meeting, Dec 16, 2024 Allergy Therapeutics plc, Annual General Meeting, Dec 16, 2024. Location: the offices of cooley uk llp, 22 bishopsgate, ec2n 4bq, london United Kingdom Reported Earnings • Nov 07
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: UK£0.011 loss per share (improved from UK£0.064 loss in FY 2023). Revenue: UK£55.2m (down 7.4% from FY 2023). Net loss: UK£40.2m (loss narrowed 6.6% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Pharmaceuticals industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£26m net loss in 2 years). Share price has been volatile over the past 3 months (7.8% average weekly change). New Risk • Aug 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£36m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (UK£26m net loss in 2 years). Announcement • Jul 23
Allergy Therapeutics plc Provides Revenue Guidance for the Second Half and Year Ended 30 June 2024 Allergy Therapeutics plc provided revenue guidance for the second half and year ended 30 June 2024. For the second half, the company expected revenue to have increased by 2% to £21.6 million (second half 2023: £21.2 million).
For the year, the company revenue is expected to be 7% lower at £55.2 million (2023: £59.6 million). Announcement • Jun 27
Allergy Therapeutics plc Appoints David Ball as Non- Executive Director and Chair of the Board's Audit and Risk Committee Allergy Therapeutics announced that David Ball will join the Board of Allergy Therapeutics as an independent Non-Executive Director with immediate effect. David is also appointed Chair of the Board's Audit and Risk Committee. David has over 25 years of experience in financial markets, including 15 years as an equity portfolio manager and partner with Tudor Investment Corporation. David is a chartered accountant and holds undergraduate and postgraduate degrees in engineering from Cambridge University. David William Dawson Ball, aged 55, is a director of Argonaute RNA Limited and in the previous five years, David was a director of Brainomix Limited. David does not have an interest in ordinary shares in the Company. Announcement • May 08
Allergy Therapeutics plc Provides Further Details from Positive Top Line Results from G306 Phase III Field Study G306 to Evaluate the Efficacy and Safety of Grass MATA MPL Allergy Therapeutics plc provided further detail from the positive top line results from its pivotal Phase III field study G306 to evaluate the efficacy and safety of Grass MATA MPL, the Group's short-course subcutaneous allergen-specific immunotherapy (SCIT) candidate that aims to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. The trial successfully met its primary endpoint as previously announced on 14 November 2023. An evaluation was conducted in both the EU and US to assess the impact of a treatment regimen consisting of six pre-seasonal injections given over a span of 14 weeks. The key findings from this evaluation are as follows: The primary endpoint of the trial, Combined Symptom & Medication Score (CSMS) averaged over the peak pollen season, demonstrated a statistically significant improvement of 20.3% (p=0.00024) for Grass MATA MPL compared to placebo, providing evidence of a substantial reduction in daily symptoms and use of relief medication among participants receiving Grass MATA MPL · A highly statistically significant improvement in the rhinoconjunctivitis quality of life questionnaire (RQLQ) (p=0.0003) was observed during the peak season. The protective biomarker immunoglobulin (IgG4), measured during the grass pollen season, showed a large increase of approximately five-fold after treatment with Grass MATA MPL compared to placebo which achieved high statistical significance (p<0.0001) consistent with data from the earlier G309 exploratory field trial. 555 subjects with allergic conjunctivitis and/or rhinitis were randomised and 528 (95%) completed all six injections of Grass MATA MPL or placebo. Demographics, allergic history and immunoglobulins were generally well-balanced at baseline between the Grass MATA MPL and placebo groups. In total, 278 and 277 patients received Grass MATA MPL and placebo, respectively. As previously communicated, the treatment was well tolerated with no unexpected safety signals. Further exploratory endpoint analyses (including an extensive biomarker evaluation) of the G306 trial are now underway. Full results, including secondary and exploratory endpoints, will be presented at the upcoming European Academy of Allergy & Clinical Immunology conference in June 2024 and submitted for peer-reviewed publication later this year. The Group's preparation for the marketing authorisation application (MAA) is well underway, with a planned submission in fourth quarter 2024. Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Cheryl Macdiarmid was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 03
Allergy Therapeutics Announces Resignation of Mary Tavener as Non-Executive Director Allergy Therapeutics announced that Mary Tavener has resigned as a Non-Executive Director of the Group with immediate effect. Announcement • Mar 29
Allergy Therapeutics plc Provides Sales Guidance for the Second Half and Full Year Ending on 30 June 2024 Allergy Therapeutics plc provided sales guidance for the second half and full year ending on 30 June 2024. For the second half of the financial year, sales are expected to be slightly higher than the previous year.For the full year ending on 30 June 2024, sales are expected to be slightly lower than the corresponding period ending 30 June 2023. Reported Earnings • Mar 29
First half 2024 earnings released: UK£0.006 loss per share (vs UK£0.013 loss in 1H 2023) First half 2024 results: UK£0.006 loss per share. Revenue: UK£33.6m (down 16% from 1H 2023). Net loss: UK£15.7m (loss widened 84% from 1H 2023). New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£34m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Mar 12
Allergy Therapeutics plc Announces Appointment of Shaun Furlong to Board of Directors Allergy Therapeutics plc announced the appointment of Shaun Furlong as an Executive Director of the Company, with effect from 8 March 2024. Shaun was appointed as the Group's Chief Financial Officer (CFO) in August 2023, having previously served as Group Financial Controller since April 2022. He brings significant financial experience, having held senior finance roles within blue-chip companies across multiple sectors, including Legal & General, Hastings Direct, Volution Group and American Express. Shaun is a Fellow of the Institute of Chartered Accountants in England and Wales and holds a PhD in polymer chemistry from the University of Sussex. Shaun Antony Furlong, aged 48, holds an interest in 1,500 ordinary shares in the Company. In the previous five years, Shaun was a director of SAF Management Services Limited. Announcement • Feb 10
Allergy Therapeutics plc, Annual General Meeting, Mar 08, 2024 Allergy Therapeutics plc, Annual General Meeting, Mar 08, 2024, at 11:00 Coordinated Universal Time. Location: offices of Cooley (UK) LLP at 22 Bishopsgate London United Kingdom Agenda: To receive the Directors’ report, the consolidated financial statements and the auditors’ report of the Company for the year ended 30 June 2023; to approve the Directors’ remuneration report; to consider directorate reelections; to re-appoint BDO LLP as auditors of the Company to hold office from conclusion of this AGM until the conclusion of the next annual general meeting of the Company at which accounts are laid before the Company; to authorize the Directors to agree the auditors’ remuneration; and to consider other matters. Announcement • Dec 13
Allergy Therapeutics plc Provides an Update on the Data Analysis of Its Pivotal G306 Phase III Trial of Grass MATA MPL Allergy Therapeutics plc provided an update on the data analysis of its pivotal G306 Phase III trial of Grass MATA MPL, the Group's short-course subcutaneous allergen-specific immunotherapy (SCIT) candidate that aims to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. As previously communicated, the active treatment group demonstrated a highly statistically significant reduction in Combined Symptom & Medication Score (CSMS) (p0.0024) compared to placebo over the peak pollen season. This allowed the Group to stop the study for success and no second season cohort was required. Further analysis of the dataset shows: Statistical significance was also seen in the eDiary secondary endpoints, including CSMS during the entire grass pollen season, and daily medication and daily symptom scores; A strong, statistically significant induction of the protective biomarker IgG4 was seen during the grass pollen season between active and placebo (p 0.0001); There was a statistically significant overall improvement in the quality-of-life score, according to the Rhinoconjunctivitis Quality of Life Questionnaire (RQLQ) (p 0.0003); No unexpected safety events were observed with Grass MATA MPL 27,600 SU. The large dataset, including primary and secondary endpoints, is being collated for use in regulatory discussions on the route to market authorisation application. The Group is pleased that the secondary endpoints strongly align, and all data analysed demonstrates the beneficial effect of the Grass MATA MPL 27.,600 SU product. The first scientific advice meeting with regulators is anticipated to occur in late First Quarter 2024, where discussions will lay out a pathway forward to permit progression to the marketing authorisation application process. Announcement • Nov 14
Allergy Therapeutics plc Announces Interim Top Line Results from its Pivotal G306 Phase III Trial of Grass MATA MPL Allergy Therapeutics plc announced interim top line results from its pivotal G306 Phase III trial of Grass MATA MPL, the Group's short-course subcutaneous allergen-specific immunotherapy (SCIT) candidate that aims to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. The adaptive G306 study design, endorsed by regulators, allowed an interim analysis to determine whether a 2nd cohort would be required. The trial met its primary endpoint demonstrating statistically significant superiority of Grass MATA MPL compared to placebo (p =0.0024, one-sided) in the CSMS during the peak pollen season, and the study was stopped for success. Top line analysis is expected to be available in mid-December. This will include treatment effect data and secondary endpoint analysis. The G306 trial was a multi-centre, randomised, parallel group, double-blind, placebo-controlled clinical trial to evaluate the efficacy of Grass MATA MPL 27600 SU in subjects with grass pollen induced seasonal allergic rhinitis and/or rhinoconjunctivitis based on symptoms and medications. The trial was conducted in the US and Europe at 89 sites. Preparation for a clinical trial application for the Group's G308 paediatric study is currently underway to meet the previously communicated requirements of the German regulatory framework (Therapy Allergen Ordinance) as well as the approved Paediatric Investigation Plan (PIP). New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£34m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-UK£4.8m). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£68.9m market cap, or US$83.6m). Announcement • Oct 14
Allergy Therapeutics plc has completed a Follow-on Equity Offering in the amount of £6.891025 million. Allergy Therapeutics plc has completed a Follow-on Equity Offering in the amount of £6.891025 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 689,102,532
Price\Range: £0.01
Transaction Features: Regulation S; Rights Offering New Risk • Oct 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£34m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-UK£4.8m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£200k net loss in 3 years). Market cap is less than US$100m (UK£64.2m market cap, or US$77.9m). Reported Earnings • Sep 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: UK£0.076 loss per share (further deteriorated from UK£0.021 loss in FY 2022). Revenue: UK£61.0m (down 16% from FY 2022). Net loss: UK£51.0m (loss widened 270% from FY 2022). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Pharmaceuticals industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Sep 26
Allergy Therapeutics plc Announces the Completion of Dosing of Healthy Volunteers in the First Two Cohorts in the Phase I Protect Trial of Its Novel Virus-Like Particle (Vlp)-Based Peanut Allergy Vaccine Candidate Allergy Therapeutics plc announces the completion of dosing of healthy volunteers in the first two cohorts in the Phase I PROTECT trial ("PROTECT trial") of its novel virus-like particle (VLP)-based peanut allergy vaccine candidate ("VLP Peanut"). Dosing of the subsequent cohorts will begin now that the approval from the external safety review committee (SRC) has been received. Additionally, after the successful skin-prick testing phase completed in April 2023, the SRC approved the commencement of subcutaneous dose escalation in peanut allergic subjects, marking the start of the early proof of concept phase of the PROTECT trial. This pivotal stage of the PROTECT trial is expected to begin imminently. The full results from the trial are expected in 2024. The PROTECT trial is being conducted in both healthy volunteers and peanut allergic patients and consists of two parts: Part A:Open-label study of four cohorts of healthy subjects (Group A1) who undergo subcutaneous dosing with ascending concentrations of VLP Peanut. Peanut allergic subjects (Group A2) underwent skin prick tests performed with ascending concentrations of the vaccine candidate (completed April 2023). Part B:Double-blind, placebo-controlled Part B enrolling peanut allergic patients who receive ascending doses of the vaccine candidate administered subcutaneously. The PROTECT trial builds on the findings from the VLP001 study, which took place at Imperial College London. This ex-vivo biomarker study revealed that VLP Peanut significantly reduced certain allergic responses compared to the major allergen Ara h2, indicating a promising safety profile with reduced potential to induce allergic reactions. Announcement • Jul 11
Allergy Therapeutics plc Announces Executive Changes Allergy Therapeutics plc announced the promotion of Shaun Furlong to Chief Financial Officer with effect from 11 August, when the current interim CFO, Martin Hopcroft, will leave the Company. Shaun brings significant financial experience in both technical and commercial roles. He joined Allergy Therapeutics as Group Financial Controller and a member of the Group's senior management team in April 2022. He previously held senior finance roles within blue-chip companies across multiple sectors, including Legal & General, Hastings Direct, Volution Group and American Express. He is a Fellow of the Institute of Chartered Accountants in England and Wales, and holds a PhD in polymer chemistry from the University of Sussex. Reported Earnings • Jun 20
First half 2023 earnings: EPS misses analyst expectations First half 2023 results: UK£0.013 loss per share (down from UK£0.01 profit in 1H 2022). Revenue: UK£39.9m (down 18% from 1H 2022). Net loss: UK£8.51m (down 228% from profit in 1H 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Pharmaceuticals industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Jun 20
Allergy Therapeutics plc Provides Sales Guidance for the Second Half Year to 30 June 2023 and Full Year to 30 June 2024 Allergy Therapeutics plc provides sales guidance for the second half year to 30 June 2023 and full year to 30 June 2024. The Group expects sales for the second half year to 30 June 2023 to continue at a slightly improved trend when compared with the trend seen for the first half of the year, with correspondingly lower gross margins.As a result of the manufacturing capacity that needs to be allocated to clinical batches, sales for the financial year to 30 June 2024 are expected to be slightly lower than the comparable period, with consequently reduced gross margins, while overheads before R&D and exceptional are expected to be similar. Board Change • Jun 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Mary Tavener was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 20
Allergy Therapeutics plc Provides Revenue Guidance for the Six Months Ended 31 December 2022 Allergy Therapeutics plc provided revenue guidance for the six months ended 31 December 2022. For the period, the company expects revenue to be £39.9 million (2021: £48.7 million) representing a reduction of 18% compared to last year. Announcement • Jan 14
Allergy Therapeutics plc, Annual General Meeting, Feb 07, 2023 Allergy Therapeutics plc, Annual General Meeting, Feb 07, 2023, at 09:30 Coordinated Universal Time. Location: The Ardington Hotel, Steyne Gardens Worthing, West Sussex BN11 3DZ West Sussex United Kingdom Major Estimate Revision • Oct 06
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 expected loss increased from -UK£0.02 to -UK£0.04 per share. Revenue forecast unchanged at UK£79.5m. Pharmaceuticals industry in the United Kingdom expected to see average net income growth of 16% next year. Consensus price target of UK£0.67 unchanged from last update. Share price fell 5.3% to UK£0.18 over the past week. Reported Earnings • Sep 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: UK£0.021 loss per share (down from UK£0.005 profit in FY 2021). Revenue: UK£72.8m (down 14% from FY 2021). Net loss: UK£13.8m (down UK£16.7m from profit in FY 2021). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Pharmaceuticals industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 27
Price target increased to UK£0.67 Up from UK£0.59, the current price target is an average from 5 analysts. New target price is 250% above last closing price of UK£0.19. Stock is down 29% over the past year. The company is forecast to post a net loss per share of UK£0.021 compared to earnings per share of UK£0.0045 last year. Price Target Changed • Apr 27
Price target increased to UK£0.59 Up from UK£0.52, the current price target is an average from 4 analysts. New target price is 154% above last closing price of UK£0.23. Stock is up 3.3% over the past year. The company is forecast to post a net loss per share of UK£0.02 compared to earnings per share of UK£0.0045 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Mary Tavener was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Allergy Therapeutics Shares Data at WAO-BSACI Allergy Therapeutics plc will share positive new data from across its research portfolio at the joint WAO (World Allergy Organisation) & BSACI (British Society for Allergy & Clinical Immunology) 2022 UK Conference in Edinburgh, Scotland, from 25 to 27 April 2022. Potential novel grass pollen immunotherapy: The first of the Group's posters presents findings from the exploratory field study (G309) conducted to further optimise the trial design of the upcoming pivotal Phase III clinical trial (G306) investigating the Group's wholly owned short-course grass pollen immunotherapy candidate, Grass MATA MPL. Data from the study, conducted in the US and EU, show that the immunotherapy demonstrated clinically relevant and statistically significant reductions in the daily symptoms and the use of relief medications after 6 subcutaneous allergen-specific immunotherapy (SCIT) injections in two different treatment regimens. The results highlight the potential of this novel, short-course immunotherapy targeting grass pollen allergies and support the route to registration in both Europe and the US. Real-World-Evidence data of MCT®-associated allergoid SCIT platform: Another poster reports on the Group's TARGET study. Real-World-Evidence data are becoming increasingly important for academia but also regulators. Real-World-Evidence allow insights into the therapeutic effectiveness of a drug but also disease modification and or long-term effectiveness of allergen immunotherapy (AIT). The aim of the "Tyrosine Allergoid Real World Evidence in Germany Effectiveness in AIT" (TARGET) study was to demonstrate the long-term benefit of MCT®-associated allergoid SCIT in routine clinical practice. The progression of allergic rhinitis (AR) and asthma was measured in patients receiving one of three allergoid SCIT in comparison to matched control groups without AIT using prescription data of more than 181,000 German patients within the statutory health insurance system based on the IMS® LRx database (IQVIA, Germany). The TARGET study demonstrated long-term benefits of allergoid SCIT including MCT®-associated allergoids on AR and asthma up to 9.5 years (Ø 6.3 years) of follow up in routine clinical practice. The hypo-allergic potential of VLP Peanut against peanut exposure: The latest pre-clinical mechanistic data on Allergy Therapeutics' peanut vaccine candidate, VLP Peanut, will also be showcased in a poster which illustrates how a vaccine incorporating the major peanut allergen (recombinant Ara h 2) has the potential to protect against all peanut allergens. The mouse anaphylaxis model of peanut allergy demonstrated that the vaccine candidate exhibited a non-reactogenic profile after intravenous challenge with whole peanut extract. This result further supports the hypo-allergic potential of VLP Peanut, in alignment with the results previously demonstrated using human blood cells, which is a vital quality in delivering a viable peanut allergy vaccine. Additional data being presented show that a single dose of VLP Peanut protected mice against anaphylaxis in a peanut sensitized mouse model. The upcoming Phase I PROTECT trial, the first human study exploring the potential of this peanut vaccine candidate will begin later in 2022, following FDA clearance of the Group's IND application, with topline data expected in 2023. Reported Earnings • Mar 05
First half 2022 earnings: EPS exceeds analyst expectations First half 2022 results: EPS: UK£0.01 (down from UK£0.023 in 1H 2021). Revenue: UK£48.7m (down 9.9% from 1H 2021). Net income: UK£6.67m (down 55% from 1H 2021). Profit margin: 14% (down from 28% in 1H 2021). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 330%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Mar 03
Allergy Therapeutics plc Announces the Presentation of Positive New Data from Its Two Lead Immunotherapy Programmes At the 2022 American Academy of Allergy Asthma and Immunology Annual Meeting Held in Phoenix, Arizona Allergy Therapeutics plc announced the presentation of positive new data from its two lead immunotherapy programmes at the 2022 American Academy of Allergy Asthma and Immunology Annual Meeting held in Phoenix, Arizona. Allergy Therapeutics presented extensive results from the G309 exploratory field trial demonstrating efficacy and safety of Grass MATA MPL, the Group's short-course subcutaneous allergen-specific immunotherapy (SCIT) candidate, that aims to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen. This was a multi-centre, double-blind, placebo-controlled, randomised and parallel-group clinical trial with subjects enrolled across 13 sites in Germany and the US. The presentations revealed a more pronounced, clinically relevant and statistically significant improvement in the primary combined symptom and medication score compared to the historically used placebo group (used for Phase II and planned for the upcoming pivotal Phase III study G306) - a 33.1% (p=0.0325) and 39.5% (p=0.0112) effect size on the primary endpoint for the conventional and extended posology groups, respectively. This 39.5% improvement is higher than the 36.8% figure initially reported by the Group in October 2021 where the two placebo groups were combined. These results further highlight the superior treatment effect sizes achieved after six injections of Grass MATA MPL. The Group also presented post-hoc analyses of an earlier Phase II grass trial highlighting the strong predictive value of the baseline CPT (conjunctival provocation test) score for IgG4 increase after SCIT treatment, providing a rationale for the design of the upcoming pivotal G306 Phase III trial due to commence in the autumn of this year. The Company also provided details of a pollen monitoring network established by Allergy Therapeutics in the US, with central reading procedures to accurately measure daily pollen counts and better establish the peak grass pollen season - an important requirement for determining the primary study results of the G306 Phase III trial. Dr. Mohamed Shamji, Reader in Immunology & Allergy, Imperial College London, presented data from the VLP001 ex-vivo biomarker study investigating the Group's peanut allergy vaccine candidate, VLP Peanut. The data presented showed that VLP Peanut does not elicit an allergic reaction (i.e. it is hypoallergenic) and results in a significant reduction in basophil activation and histamine release from peanut allergic subjects, when compared to the major allergen, Ara h2, and whole peanut extract. These biomarker results provide strong confidence in the potential beneficial immunologic mode of action of VLP Peanut in promoting class switching from the allergic Th2 pathway to the more tolerogenic Th1 pathway, underlining VLP Peanut's potential as an effective treatment for peanut allergy. Announcement • Jan 26
FDA Clears Allergy Therapeutics Investigational New Drug Application for Its Novel Virus-Like Particle (VLP )-Based Peanut Allergy Vaccine Candidate Allergy Therapeutics announced that the United States Food & Drug Administration (FDA) has cleared the Group's Investigational New Drug application (IND) for its novel virus-like particle (VLP)-based peanut allergy vaccine candidate ("VLP Peanut"). The clearance by the FDA of the Group's IND application paves the way for the initiation of the Phase I PROTECT trial which will be run in the United States. The trial will include multiple cohorts beginning with healthy subjects, followed by peanut allergic patients who will undergo skin prick tests, and then peanut allergic patients who will receive subcutaneous injections. The topline data from the Phase I PROTECT trial in adult patients is expected in H1 2023, earlier than the originally intended data readout of Fourth Quarter 2023. The potential of an effective short-course peanut allergy vaccine represents a significant opportunity in the $8 billion worldwide food allergy market1. Peanut allergy is one of the most common types of food allergy and its symptoms can range from mild to severe and life-threatening. In the western world, the prevalence of peanut allergy doubled between 2005 and 2015 and it is becoming apparent in Africa and Asia. Only about 20% of children diagnosed with peanut allergy outgrow it by the time they reach school age. In the US, peanut allergy was the most common cause of severe and fatal food-induced anaphylactic reactions. Previously announced primary and secondary data from the VLP001 trial, an ex-vivo biomarker study which took place at Imperial College London, demonstrated a significant 24-fold reduction in basophil activation and histamine release, and reduced IgE binding capacity to B cells, compared to exposure to the major allergen Ara h2. This strongly suggests a promising safety profile with reduced potency to induce allergic reactions. Announcement • Jan 13
Allergy Therapeutics plc Provides Revenue Guidance for the Six Months Ended December 31, 2021 Allergy Therapeutics plc provided revenue guidance for the six months ended December 31, 2021. For the six months, the company expects revenues to be £48.7 million (2020: £54.0 million), representing a 10% reduction on a reported basis (down 5% on constant currency basis). This is primarily due to the previously disclosed strategic streamlining of non-differentiated older products to maintain focus on short course subcutaneous immunotherapy (SCIT) and innovative allergy treatments. On this revised basis revenues have increased 3% on a like for like product and phasing basis (on constant currency basis). Executive Departure • Nov 29
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 29
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 28
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years. Executive Departure • Nov 27
Senior Independent Director Stephen Smith has left the company On the 22nd of November, Stephen Smith's tenure as Senior Independent Director ended after 17.2 years in the role. As of September 2021, Stephen still personally held 776.51k shares (UK£291k worth at the time). Stephen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.92 years.