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"The negative results from Circassia’s (9.3% owned by Innovations) Cat-SPIRE Phase III trial is disappointing, with a negative read-across to Circassia’s earlier-stage programmes in Grass, Birch, Ragweed, and House Dust Mites allergy. We highlighted the Cat-SPIRE result as a significant risk factor in our recent report ‘Premium justified, but some near-term caution’ on 27th May. However, we continue to believe that Circassia’s respiratory development portfolio (acquired with the £100m acquisition of Prosonix) has significant..." note out by N+1 Singer this morning, on research tree
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