Announcement • Jul 29
Allergy Therapeutics plc Provides Revenue Guidance for the Second Half and for the Full Year Ended 30 June 2026 Allergy Therapeutics plc provided revenue guidance for the second half and for the full year ended 30 June 2026. The Group expects revenue for H2 2026 to be £23.6 million (H2 2025: £21.0 million), representing growth of over 12% on a reported basis.
Revenue for the year ended 30 June 2026 is expected to be £59.9 million (2025: £55.0 million) representing growth of 9% on a reported basis, and a return to double digit growth on a gross revenue basis pre rebates. Announcement • Jul 28
Allergy Therapeutics plc Announces Executive Chairman Changes Allergy Therapeutics plc had appointed Helge Weiner-Trapness as Executive Chairman Helge Weiner-Trapness, who has been Chief Strategy Officer and an Executive Director of the Group since January 2026, brings more than 30 years of experience across leading global investment banks in the US and Asia, most recently as Vice Chairman, Global Banking at HSBC Holdings plc. Helge also served on the Board of International Finance Facility for Immunisation (IFFIm), the innovative funding arm of the Vaccine Alliance (Gavi). his new role Helge will provide additional corporate and strategic leadership alongside Manuel Llobet, Chief Executive Officer, particularly as the Group continues to explore a potential dual primary listing on The Stock Exchange of Hong Kong Limited, alongside its existing listing on AIM. Peter Jensen OBE, who served on the Board since 2010 and as Chairman since 2011, stepped down from the role of Non-Executive Chairman following more than 15 years at the Group and will continue to serve on the Board as a Non-Executive Director to allow a smooth transition and will not stand for re-election at the next Annual General Meeting. New Risk • Jul 03
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 German stocks, typically moving 13% 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£37m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). 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. Board Change • May 20
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. 7 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 • 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. 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 Board Change • Dec 30
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 • 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. 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. 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 08
Full year 2024 earnings released: UK£0.011 loss per share (vs UK£0.064 loss in FY 2023) 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 is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Pharmaceuticals industry in Germany. 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 50% 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). 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). 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 28
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 16
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 (21% 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 (50% 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 (€79.1m 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 (56% average daily 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 (€74.2m market cap, or US$77.9m). New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£34m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (78% average daily change). Negative equity (-UK£4.8m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£200k net loss in 3 years). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (€21.2m market cap, or US$22.3m). 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. Board Change • Jun 21
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 • 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. 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 Announcement • Dec 28
Allergy Therapeutics Announces Resignation of Scott Leinenweber as Non-Executive Director Allergy Therapeutics announced that Scott Leinenweber has resigned as a Non-Executive Director of the Group with immediate effect. The Board wishes to thank Scott for his valued contribution during his tenure. Announcement • Dec 09
Allergy Therapeutics Announces Key Updates on Grass MATA MPL and VLP Peanut Clinical Programmes Allergy Therapeutics announced that the first subject has been dosed in the pivotal Phase III G306 trial, 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. Grass MATA MPL incorporates MicroCrystalline Tyrosine ("MCT®") adsorbed allergoids, and the innovative adjuvant Monophosphoryl-lipid A ("MPL"). This innovative technology only requires patients to receive six injections prior to the grass allergy season to be protected. The pivotal Phase III G306 trialis a multi-centre, randomised, parallel group, double-blind, placebo-controlled clinical trial to confirm the efficacy and safety of Grass MATA MPL. The clinical trial will be conducted in the US and Europe at approximately 120 clinical trial sites. Data readout is planned for Fourth Quarter 2023. Previously announced top-line results fromthe G309 exploratory field trial showedmeaningful and statistically significant reductions in symptoms due to grass pollen allergy and in the use of relief medications after six SCIT injections with Grass MATA MPL during peak grass pollen season. In addition,the first subjects have been screened and are poised to receive the Group's innovative, short-course peanut allergy vaccine candidate, VLP Peanut in the Phase I PROTECT trial. The first-in-human study is evaluating the safety and tolerability of VLP Peanut in healthy and peanut allergic adult subjects and exploring preliminary proof of efficacy. Plans remain on track for data in 2023. Further to the announcement on the 28th of October, work is continuing on cost control and tight capital management following the impact of the pause in production. This includes reviewing all funding options and managing the working capital of the Group. Announcement • Dec 07
Allergy Therapeutics plc Announces Board Appointments Allergy Therapeutics plc announced the appointments of Anthony Parker and Zheqing (Simon) Shen as Non-Executive Directors of the company, with immediate effect. Anthony represents Southern Fox Investments Limited and Simon represents ZQ Capital Management Limited acting through its affiliate SkyGem Acquisition Limited, both significant shareholders of the company. Anthony has worked in investment banking and fund management for over thirty years and, as Founder and Partner of Beagle Partners LLP, which advises Southern Fox, has managed or advised on multiple UK innovation technology investments. He is Founder and Chairman of Argonaute RNA Ltd, a UK-based research company developing safe and reliable methods of temporarily silencing target genes in different tissue cells. Prior to this, Anthony held senior roles at ING Barings and was an equity analyst for Cazenove & Co. He holds an Investment Management Certificate from the Institute of Investment Management and Research. Simon founded the investment and advisory firm, ZQ Capital, in 2015. Prior to that he spent more than a decade as an investment banker advising international companies on their capital markets activities. He was Managing Director and Head of China Financial Institutions Group at Barclays from 2011 to 2015, following earlier roles at Goldman Sachs, Lehman Brothers and McKinsey & Company. He has a BA in mathematics and economics from Wesleyan University. Mr. Anthony Michael Parker (aged 60)'s current Directorships and Partnerships: Argonaute RNA Limited, Bristol Bluegreen Limited, Beagle Partners LLP, CBDerma Technology Limited, Inverpharma Limited and Las Lilas Limited. Mr. Zheqing (Simon) Shen (aged 43)'s Current Directorships and Partnerships: ECC HK Holdings Limited, Fortune Yacht Limited, KFM Kingdom Holdings Limited, Nu Skin Enterprises Inc., Ping An ZQ China Growth Opportunity Ltd, Sky Venture Partners LP, Skygem Acquisition Limited, Skygem Global Limited, Skygem International Holdings Limited, Skygem Investment Limited, Skygem UK Holding Limited, ZQ Asset Management Limited, ZQ Capital Hong Kong Holdings Ltd, ZQ Capital Hong Kong Limited, ZQ Capital Limited, ZQ Capital Management Limited, ZQ Capital Services Limited, ZQ Evergreen Partners LP, ZQ Partners Ltd, ZQ Skygem Investors LP and Z-Trans Technology Company Limited. Announcement • Nov 21
Allergy Therapeutics plc Appoints Martin Hopcroft as Interim CFO Allergy Therapeutics plc announced the appointment of Martin Hopcroft to the role of Interim Chief Financial Officer (CFO). Martin will report into Chief Executive Officer, Manuel Llobet. Martin brings significant financial experience across multiple industries. He served as CFO of Novasep SA, a supplier of pharmaceuticals and biopharmaceuticals, and during his tenure Novasep won a major contract with AstraZeneca to support the large-scale production of the active substance of its adenovirus vector-based COVID-19 vaccine. Martin previously served as CFO of formerly listed Cambian Group plc,a provider of specialist residential and educational services for children and young adults, and of Consort Medical plc, a medical devices company. The appointment of Martin Hopcroft follows the announcement on 26 May 2022 that Nick Wykeman, CFO, will leave Allergy Therapeutics on 30 November 2022 to pursue non-executive roles. The Group is continuing its search for a permanent CFO and will make a further announcement in due course. Announcement • Oct 19
Allergy Therapeutics plc announced that it has received £17 million in funding from Southern Fox Investments Limited On October 17, 2022, Allergy Therapeutics plc closed the transaction. The company amended the terms of the transaction. The company raised £17,000,000 in the transaction. Announcement • Oct 01
Allergy Therapeutics plc announced that it expects to receive £10 million in funding from Southern Fox Investments Ltd. and other investor Allergy Therapeutics plc announced that it has entered into an agreement for a private placement of loan notes for gross proceeds of £10 million on September 29, 2022. The transaction will include participation from returning investors, Southern Fox Investments Ltd. and ZQ Capital Management Limited for £5 million each. The loan notes are repayable in full on the date falling 5 years after the purchase date. Interest shall accrue on the principal amount of the loan notes outstanding at the rate of 8.25% plus the Bank of England Base Rate per annum. The company may at any time after the purchase date, repay (without penalty) the principal amount of all or a portion of the loan notes. The loan notes are also repayable on demand, at the option of the noteholders, in the event of certain standard events of default occurring. The company will also issue 33,333,332 warrants equally to both the investors at an exercise price of £0.30 per warrant for a period of 5 years. The warrants will be issued simultaneously with the issue of the loan notes on the purchase date, which is expected to be on February 28, 2023. The transaction is subject to certain conditions including the passing of the resolutions at the general meeting to be held on October 17, 2022. Reported Earnings • Sep 30
Full year 2022 earnings released: UK£0.021 loss per share (vs UK£0.005 profit in FY 2021) 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 is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Pharmaceuticals industry in Germany. Announcement • Sep 30
Allergy Therapeutics plc, Annual General Meeting, Oct 17, 2022 Allergy Therapeutics plc, Annual General Meeting, Oct 17, 2022, at 10:00 Coordinated Universal Time. Location: at the offices of Covington & Burling LLP, 22 Bishopsgate, London EC2N 4BQ London United Kingdom Board Change • Jul 25
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 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 following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
