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Franc Gregori ...
  • Lala Gregorek

Allergy Therapeutics: VLP Peanut heading towards US Phase I studies

Allergy Therapeutics’ VLP Peanut vaccine ex-vivo study has successfully met all primary and secondary endpoints. These confirm the safety is as hoped, with clear indications of a material shift from a Th2-dominated (allergic) response to a Th1-dominated (tolerant) response in a dose-dependent manner. These results, together with prior preclinical data, will support an IND application with the FDA. A Phase I trial is expected to start in Q122, with results likely before end-2023. A successful clinical outcome would transform the lives of peanut allergy sufferers and be equally transformational for the company. Medium term prospects remain underpinned by the resilient performance of the European allergy business and the continued progress of the Grass MATA MPL programme, where results from the G309 exploratory field study are due before end-2021. Our valuation is £344.5m,or 53.8p per share.
Underlying
Allergy Therapeutics PLC

Allergy Therapeutics is a pharmaceutical group focused on allergy vaccination. Co. mainly sell its products in European countries and its pipeline of products in clinical development includes vaccines for grass, tree and house dust mite, as well as a peanut allergy vaccine in preclinical development. Co. sells a range of aluminium-free allergy vaccines and diagnostics. Co. sells both injectable and sublingual (oral) formats. The commonly prescribed are those for the treatment of pollen related allergies, particularly for allergies to grasses, weeds and trees. Co.'s vaccines trade under various brand names depending on the market, e.g. Pollinex Quattro, Polligoid and TA Graser Top.

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Trinity Delta
Trinity Delta

We are experienced healthcare and life sciences analysts providing the highest quality service to companies in these sectors and to investors. We have expertise in the fields of the biotech, medtech , specialty pharma and consumer health sectors.

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Analysts
Franc Gregori

Lala Gregorek

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