Allergy Therapeutics (AGY)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

3.25p
   
  • Change Today:
    -0.100p
  • 52 Week High: 6.25p
  • 52 Week Low: 0.88p
  • Currency: UK Pounds
  • Shares Issued: 4,766.44m
  • Volume: 591,351
  • Market Cap: £154.91m
  • RiskGrade: 268

Allergy Therapeutics reports positive results from field study

By Josh White

Date: Monday 25 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Biotechnology company Allergy Therapeutics announced positive top-line results from its exploratory field study 'G309' to evaluate the efficacy and safety of its short-course subcutaneous allergen-specific immunotherapy candidate 'Grass MATA MPL'.
The AIM-traded firm said the candidate aimed to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen.

Two short courses of six injections with treatment durations of six and 14 weeks were tested.

It said the primary endpoint of the trial, 'CSMS averaged over the peak pollen season', demonstrated a statistically-significant difference between active and placebo in both active treatment groups of 29.1% and 36.8% for the six and 14 weeks respectively, indicating a significant reduction in daily symptoms and use of relief medication among participants receiving Grass MATA MPL

Both dosing regimens were described as "safe and well-tolerated", adding that changes in allergen-specific IgE and allergen specific IgG4 were consistent with the immunological changes expected following allergen-specific immunotherapy.

Improvements in the rhinoconjunctivitis quality-of-life questionnaire was observed in both active treatment groups, and improvements in the clinical benefits seen in both the US and European populations were said to be comparable.

The G309 trial was a double-blind, placebo-controlled, randomised study over one year, and involved 119 patients over 14 sites across Germany and the US.

Results from the trial would be used to optimise the study design of the upcoming pivotal phase 3 study, 'G306', due to begin in the second half of 2022 in the European Union and the US.

Further analyses of the G309 trial were now underway, and the full results, including all secondary and other exploratory endpoints, would be submitted for peer-reviewed publication and presentation at upcoming key conferences.

"We are delighted to announce these results demonstrating a clear treatment effect from our novel, short-course immunotherapy targeting grass pollen allergies," said chief executive officer Manuel Llobet.

"Grass pollen is one of the most common causes of seasonal allergic rhinitis in the Western world.

"Debilitating symptoms can affect so many aspects of life and new treatment options are needed."

Llobet said the group used a groundbreaking study design that brought "state-of-the-art learnings" in allergy field trial methodology to examine multiple endpoints, which would enable the potential for extensive biomarker analysis.

"Significantly, the results will enable us to optimally design the upcoming pivotal G306 phase 3 field trial, maximising the chances of success and supporting our regulatory plans for entry into the US."

At 1024 BST, shares in Allergy Therapeutics were up 11.04% at 37.2p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AGY Market Data

Currency UK Pounds
Share Price 3.25p
Change Today -0.100p
% Change -2.99 %
52 Week High 6.25p
52 Week Low 0.88p
Volume 591,351
Shares Issued 4,766.44m
Market Cap £154.91m
RiskGrade 268

AGY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.39% below the market average18.39% below the market average18.39% below the market average18.39% below the market average18.39% below the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
32.48% below the market average32.48% below the market average32.48% below the market average32.48% below the market average32.48% below the market average
3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average
Income Not Available
Growth
84.14% below the market average84.14% below the market average84.14% below the market average84.14% below the market average84.14% below the market average
82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average

AGY Dividends

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Trades for 17-May-2024

Time Volume / Share Price
16:26 34,261 @ 3.21p
15:58 29,969 @ 3.31p
14:00 5,000 @ 3.25p
14:00 5,000 @ 3.25p
13:04 49,000 @ 3.40p

AGY Key Personnel

CEO Manuel Llobet

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