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Pin to quick picksAllergy Thera. Share News (AGY)

Share Price Information for Allergy Thera. (AGY)

London Stock Exchange
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Share Price: 5.25
Bid: 5.00
Ask: 5.50
Change: 0.00 (0.00%)
Spread: 0.50 (10.00%)
Open: 5.00
High: 5.25
Low: 5.00
Prev. Close: 5.25
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Numis reiterates 'buy' on Allergy Therapeutics after full year results

Mon, 26th Sep 2016 09:46

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 37p on Allergy Therapeutics on Monday after the company reported its full year results.Allergy reported a 19% increase in revenue at constant currency to £51.5m in the year ended 30 June as it grew market share in its main European markets.However, the company posted a loss of £13m compared to a profit of £108,000 last year as it ramped up its investment in research and development to £16.2m from £3.1m.The group said its R&D had an "overall positive but mixed" year. Allergy had a successful Phase II dose-ranging study for Pollinex Quattro Birch in Germany but the Phase II Pollinex Quattro Grass dose range finding study in the US did not give conclusive evidence of an optimal dose regime. The inconclusive results of the Phase II Pollinex Quattro Grass study has caused a delay to its potential US market entry, the company said.Meanwhile, the firm expanded its portfolio with the acquisition of the Virus Like Particle technology licence for the development of a potential new injectable vaccine immunotherapy treatment for peanut allergies.Numis said: "Revenue growth of 19% on constant currency reflects Allergy Therapeutics' strong performance in Europe, and in our opinion more than compensates for the setback in US development."We continue to see a strong outlook for the business in Europe and following the disappointing commercial performance of daily tablets in the US, ultimately see it as the best-placed company to crack the larger US market, with a treatment format that suits the US allergists' preference for injections."The broker added: "The shares trade at a material discount to peers with significant additional upside from the pipeline, which now includes a promising peanut vaccine."Shares fell 3.24% to 17.78p at 1017 BST.
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17 Apr 2014 10:44

Allergy Therapeutics Extends Term Of Convertible Loan

LONDON (Alliance News) - Allergy Therapeutics PLC said Thursday that it had extended the term of its GBP4.04 million convertible loan with CFR International SpA. The maturity of the loan has been extended to September 30 from April 20, all other terms of the loan are unchanged. Shares

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1 Apr 2014 09:39

Tuesday broker round-up UPDATE

African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains

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1 Apr 2014 09:11

UK BROKER RATINGS: Jefferies Raises REIT Price Targets

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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FTSE 100
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GOLDMAN RAISES INTL AIRLINES GROUP (IAG) PRICE TARGET TO 430 (420) PENCE - 'NEUTRAL'
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BARCLAYS CUTS PRUDEN

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24 Mar 2014 13:48

Allergy Therapeutics reports rise in first half profits and revenue

Allergy Therapeutics reported an 11 per cent rise in gross profit to 20.7m pounds in the first half as costs were reduced. The cost of goods fell to £6.4m in the last six months of 2013, compared to £7m, following a number of cost cutting measures. Gross revenue, excluding the German rebate and

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24 Mar 2014 13:15

UK MIDDAY BRIEFING: Centamin Soars As Production Beats Expectations

LONDON (Alliance News) - Metals and minerals producer Centamin is leading the FTSE 250 index Monday despite reporting a hit to pretax profit in 2013, due to a large exceptional cost, but a significant increase in revenue and production.

Centamin said pretax profit f

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24 Mar 2014 12:15

UK WINNERS & LOSERS: Barratt Falls On Return To FTSE 100, Downgrade

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - LOSERS

Barratt Developments, down 2.1%. Following the quarterly FTSE review on Ma

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24 Mar 2014 11:11

Allergy Therapeutics Profit Rises On Increased Market Share In Europe

LONDON (Alliance News) - Speciality pharmaceutical company Allergy Therapeutics PLC Monday posted a rise in pretax profit as it increased its market share in European markets and launched new products in the half-year ended December 31, 2013. Allergy Therapeutic posted a pretax profit of GB

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24 Mar 2014 06:42

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21 Mar 2014 16:11

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21 Mar 2014 06:13

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