Hardman & Co issues research report

RNS Number : 0088D

Allergy Therapeutics PLC

21 October 2015

 

Hardman & Co issues research report on Allergy Therapeutics

Pollinex Quattro driving US market opportunity. 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 93p per share.

Please click here for the full report:

http://www.hardmanandco.com/system/files/research_papers/Allergy%20Therapeutics%20Initiation%2021.10.15b.pdf

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