Allergy Therapeutics plc , the fully integrated specialty pharmaceutical company specializing in allergy vaccines, is pleased to announce that it has implemented the initial stage of its strategy to enter Emerging Markets by initiating supplies of its products to Latin America. As outlined in the interim results announcement in March, a key strategy for the Company is to expand its revenue base outside Europe, and the Company therefore intends to pursue opportunities in the Emerging Markets.
Initially the Company will focus on Argentina, Columbia, Venezuela and Chile before moving into other Latin American markets. Allergy Therapeutics has established the necessary infrastructure to begin building a presence in these markets, including creating a subsidiary in Argentina and putting distribution agreements in place to support its sales representatives.
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