The company released a trading update for the full year to 30 June 2022. Revenues are reported to be £72.8m (FC £75.8m). Despite this, the net loss is expected to be broadly in line with market consensus, helped by lower R&D expenses and tight control over operating expenses. Cash at 30 June was £20.5m (FC £24.5m), partly due to R&D pre-payments as well as lower revenues. Both the pivotal Phase III Grass MATAMPL trial and Phase I VLP Peanut allergy vaccine remain on track to start recruitment in ....

15 Jul 2022
Allergy Therapeutics - FY 2022 trading update
Allergy Therapeutics plc (AGY:LON) | 0 0 0.0% | Mkt Cap: 42.4m
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Mark Brewer | Stephen McGarry
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10 pages
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Allergy Therapeutics - FY 2022 trading update
Allergy Therapeutics plc (AGY:LON) | 0 0 0.0% | Mkt Cap: 42.4m
- Published:
15 Jul 2022 -
Author:
Mark Brewer | Stephen McGarry -
Pages:
10 -
The company released a trading update for the full year to 30 June 2022. Revenues are reported to be £72.8m (FC £75.8m). Despite this, the net loss is expected to be broadly in line with market consensus, helped by lower R&D expenses and tight control over operating expenses. Cash at 30 June was £20.5m (FC £24.5m), partly due to R&D pre-payments as well as lower revenues. Both the pivotal Phase III Grass MATAMPL trial and Phase I VLP Peanut allergy vaccine remain on track to start recruitment in ....