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Transforming lives by delivering convenience through specialist expertise.

Transforming lives by delivering convenience through specialist expertise.

Transforming lives by delivering convenience through specialist expertise.

Value to our shareholders

We create value through strong individual market performance and pipeline developments. Investors are attracted by our portfolio of products, our adjuvant technologies and our commitment to innovation through R&D.

Share price summary
+8% Revenue growth (both reported and constant currency rate)
22% Increase in pre-R&D operating profit to £11.3m (2018: £9.3m)
£27.4m Strong cash balance at 30 June 2019 (2018: £15.5m)
£3.5m Net profit for the year including Inflamax settlement of £6m (2018: Net loss of £7.5m)

Our year in numbers

2019 was a year of continued growth with constant currency growth of 8%, a 0.5 point increase in our market share to 14.1% and an increase in operating profit before R&D of 22%.

Annual Report 2019

Take your career to new heights

Our culture and values