Last checked at 24 Feb 2016 07:30
Hardman & Co issues research report on Allergy Therapeutics
Development progress: AGY is a long-established specialist in the prevention, diagnosis and treatment of allergies. It has an underlying profitable and cash generative business despite its lead product being available only on a 'Named Patient' basis. However, protocols agreed with EU and US regulators are in place to get Pollinex Quattro approved as a biological. The US opportunity is enormous and only two players have short-course treatments. There is a valuation mis-match between AGY and its peers, which either have no growth or little marketing experience, which provides scope for considerable upside towards our risk-adjusted DCF valuation of 89p per share.
Please click here for the full report:
http://www.hardmanandco.com/docs/default-source/company-docs/allergy-therapeutics-documents/24-02-16-development-progress
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