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Allergy Therapeutics is to acquire Teomed, the Swiss pharmaceuticals distributor with 12 staff, for £0.7m.
Allergy Therapeutics is to raise up to £22m in a share placing, in order to invest in European sales and marketing for its pharmaceuticals business.
Allergy Therapeutics has raised £18m in a share placing to fund the development of vaccines for a number of allergies.
Allergy Therapeutics is planning to raise up to £15m in a flotation on Aim over the next 18 months, to fund the development of an allergy vaccine.