Allergy Therapeutics' G306 meets Phase III goals
Allergy Therapeutics plc (AIM: AGY) saw its share jump more than 8% to 2.10 pence by early afternoon as it released new data on its allergy candidate.
The company provided an update on the data analysis of its pivotal G306 Phase III trial of Grass MATA MPL, the group's short-course subcutaneous allergen-specific immunotherapy (SCIT) candidate that aims to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen.
As previously communicated, the active treatment group demonstrated a highly statistically-significant reduction in Combined Symptom & Medication Score (CSMS) (p≤0.0024) compared to placebo over the peak pollen season. This allowed Allergy Therapeutics to stop the study for success and no second season cohort was required.
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