Analysts: Stallergenes' approval may expand the market for allergy tablets

The fact that French company Stallergenes Greer can now also provide a tablet treatment for dust mite allergies in several European markets may ultimately benefit ALK, according to two analysts.

Photo: Stallergenes Greer/PR

Carnegie Investment Bank Equity Analyst Jesper Ilsøe notes that the US Food and Drug Administration approval of Stallergenes Greer's tablet for dust mite allergies may lead to a further expansion of the market for treating allergies with tablets, which is currently relatively small.

He expects that in the long term, Stallergenes will take over around 30 percent of the market for treating dust mite allergies with tablets. He further estimates that other vaccine companies like ALK can lean back and enjoy the increased competition.

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