| ALK

Science and technology

Science and technology

We are committed to providing innovative solutions to people with allergy using cutting-edge science

ALK has a long track record in breakthrough discoveries in allergy research. Working closely with physicians and academia including universities and research institutions has been a natural ingredient of our 100-year journey as a company. This has resulted in advancements in diagnostic solutions and continuous improvements in the safety and effectiveness of AIT vaccines and of allergy diagnosis and management globally.

New technologies

We are constantly exploring new emergent technologies evaluating their potential relevance for providing improved solutions for people with allergy.

One such example is applying allergen extracts daily under the tongue formulated in fast dissolving tablets. This approach was pioneered by ALK scientists and is now offered to millions of people with allergy at a global scale covering a broad range of major allergies.

Biomarkers and drug discovery

Through decades of clinical research and development we have generated new knowledge and insights from a comprehensive biobank of samples from people with allergy and people undergoing treatment with allergy immunotherapy.

We are committed to advancing the understanding of the allergic disease. This covers mechanistic research aimed at identifying potential biological pathways that may be targeted for therapeutic effect and biomarkers potentially optimising use of existing and future treatments.

Success through collaborations

We have always believed in the importance of open innovation and partnership models to advance innovation in allergy research. Excellence in science is one of our core ambitions and, we believe, required to improve the understanding of the allergic disease aiming at advancing patient care.

Working with academic partners, we have for decades been on the forefront of research within cellular and molecular pathways of the allergic inflammation, most recently exemplified by the discovery of the IgE memory B cell.

ALK and McMaster researchers discover new cell that remembers allergies | ALK.

Last updated: 01.11.2024

Digital innovation

Digital innovation

Delivering data-driven insights to improve the life of people with allergy

Artificial Intelligence (AI) holds the potential to support us in unfolding the complex nature of allergic disease to both help potential development of novel treatments and to empower people living with allergy. Our focus is on using AI technology to assist in clarifying diagnosis and shortening the path to develop innovative treatment solutions.

Understanding allergic disease

As a leader in allergy research with data from more than 20 clinical trials and +25 years of lab work, we aim to use data science and AI to lead us towards delivering continued scientific and medical breakthroughs.

One such recent breakthrough is our discovery of the cellular basis of allergic memory paving the way for an improved understanding of allergic disease.

ALK and McMaster researchers discover new cell that remembers allergies | ALK

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Data-driven drug discovery

We are implementing cutting edge data platforms and new tools to enhance our drug discovery pipeline and transform how we:

  • Identify novel targets
  • Optimise lead candidates
  • Assess immunogenicity
Real-world impact

We are using AI and machine-learning algorithms that may improve the daily lives of people with allergy and serve to understand the global trends in allergy and allergy related diseases. 

Through mobile apps and wearable devices, we are exploring new ways of measuring allergic burden with the aim to improve quality of life for the individual patient and assist in guiding them towards optimal treatment.

Last updated: 05.11.2024

Clinical data sharing

Sharing our clinical trials data

In the spirit of transparency, and in compliance with industry guidelines, ALK shares details of its clinical trials.

As a responsible, ethical, research-driven pharmaceutical company, we support the sharing of clinical trial information to help doctors and scientists further their understanding of allergic disease and potential treatment options.

At the same time, and in accordance with industry guidelines, we are also committed to safeguarding the privacy of patients, the integrity of regulatory authorities, and the intellectual property of trial sponsors.

A range of ALK policies and documents outline our approach to sharing clinical trials data and how to request access.

ALK's policy for data sharing can be downloaded here

In accordance with EFPIA’s and PhRMA´s “Principles for Responsible Clinical Trial Data Sharing” guidelines, ALK is committed to responsible sharing of clinical trial data in a manner that safeguards the privacy of patients, respects the integrity of national regulatory systems, and protects the intellectual property of the sponsor.

How to apply

To apply for access to clinical trial data, please complete and submit the research proposal form including CVs and a statistical analysis plan to ClinicalTrials@alk.net.

After successful submission, you will receive a confirmation of receipt and an estimated timeline for handling of your application.

Please note that if you are granted access to data, you will need to sign the data sharing agreement.

If funding and/or approvals are required to perform the research e.g. approvals from ethics committees, it is the responsibility of the applicant to secure this.

Review of application

Access to data may be provided following review of the application by a scientific review board including independent academic scientists and healthcare professionals.

The review process and role of the independent scientific review board is described in the scientific review board charter. Review criteria include general assessment, the patient’s perspective, a scientific perspective and a methodology assessment.

If access to data is granted, you will be given an estimated timeline for data sharing. An independent third party will analyse the data according to the statistical analysis plan and forward the results directly to you.

Applicants must publish the results as stated in the submitted publication plan.

Synopses

House dust mite SLIT-tablet

House dust mite SLIT-tablet

Grass SLIT-tablet

Grass SLIT-tablet

Tree SLIT-tablet

Ragweed SLIT-tablet

Ragweed SLIT-tablet

Tree SLIT-tablet

Other products

Other products

Last updated: 11.12.2024

Our Science

Our science

With 100+ years of experience in pioneering allergy treatment, nobody knows allergy like us.

At the core of ALK, innovation thrives. We have spent the past 100+ years pioneering within the field of allergy with the continued purpose of helping more people living with allergy.

Our deep understanding of the underlying biology and how allergy works has given us the foundation to develop a range of allergy immunotherapy treatments and management options, forming the core of our current product range. We remain committed to advancing science and are dedicated to innovate and expand our Research & Development (R&D) pipeline, continuously providing novel concepts within allergy research and treatment.

Our scientific focus is centered around respiratory allergy, food allergy, anaphylaxis and adjacent diseases areas.

Our scientific focus areas

Our scientific focus is to advance science and identify biological pathways to lead discovery and development of innovative medicines within allergy and adjacent therapy areas. We are implementing cutting-edge technologies and new data platforms to accelerate our drug discovery pipeline and transform how we work across R&D. Our mission is to improve the lives of people living with allergy.


Respiratory allergy 


Food allergy


Anaphylaxis


Adjacent therapy areas 

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Respiratory allergy

Over 500 million people globally live with allergic rhinitis (AR), and despite symptom-relieving treatment, many live with an uncontrolled disease.

Early intervention is key to addressing the progression of allergic diseases, including the atopic march.

At ALK, we remain committed to advancing science in respiratory allergy. We will continue to strengthen our leadership in allergy immunotherapy and have a strong focus on disease modification and prevention of allergic co-morbidities.

Our translational research seeks to uncover methods for preventing allergic asthma as well as to assess how environmental elements including viruses and genetic variables may impact the progression of asthma and the effectiveness and tolerability of treatment options.

Our pipeline

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Food allergy

Food allergy is a potentially life-threatening disease with increasing prevalence in many regions. Currently affecting an estimated 4% of all children worldwide.

For people living with this disease, exposure to certain foods can lead to anaphylaxis, a potentially life-threatening condition that requires immediate medical attention. Peanut allergy is one of the food allergies leading to the highest rates of anaphylaxis.

ALK is building a presence in peanut allergy, and we are determined to advancing the science to help people with food allergies.

Drawing on a century of expertise in allergy medicine, we are dedicated to developing innovative treatments for food allergy through immunology research. Our research aims to explore innovative therapies that may modify the course of food allergies and improve patient outcomes.

Our pipeline

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Anaphylaxis

Anaphylaxis is a severe and acute allergic reaction that occurs when the immune system overreacts to a certain allergen. The health burden imposed by the risk of anaphylaxis can have a considerable impact on the quality of life for both patients and their relatives.

We aim to leverage our scientific legacy in severe allergies and remain dedicated to improving the lives of people at risk of anaphylaxis.

We strive to deliver new patient-friendly adrenaline administration solutions, designed for ease of use.

Our pipeline

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New adjacent areas

We are founded in allergology and immunology and are leveraging our deep knowledge in ”Type 2” immune mechanisms and dysregulation with the ambition to discover new targets and develop improved solutions for people living with these complex allergic disorders.

Our team of scientists is committed to uncover new pathways and advance science within mast cells and IgE memory B-cells, both of which play pivotal roles in the allergic response.

Our goal is to explore treatments that aim to rebalance the immune system and improve patient outcomes.

Our pipeline

Development pipeline

Our commitment to helping people and families living with the burden of allergy drives our discovery and development of innovative medicines addressing the unmet needs within allergy. With a strong foundation built on science and biology understanding, we are continuously advancing our pipeline to deliver novel solutions.

Explore our development pipeline

For more information, please refer to our company announcements. For healthcare professionals, more information can be found here.

Read more about our scientific focus areas.

Clinical trials

Information about our clinical trials can be found via the freely public registries clinicaltrialregister.eu, clinicaltrials.gov or on this page Clinical trials synopses.

Last updated: 06.10.2025

Healthcare Professionals (EDITED VERSION)

Healthcare professionals

The digital allergy portal

With 100 years of experience, nobody knows allergy like us.

The allergy digital portal provides healthcare professionals with access to the latest information, medical education resources and personalised services on allergy immunotherapy, including easy access to product information, scientific literature and presentations, clinical data and much more.

Providing information in the field of specific allergy

Henning Løwenstein Research Award
The Henning Løwenstein Research Award was established and dedicated to researcher Henning Løwenstein by ALK on his 25th anniversary of working at the company. This is a biennial award given to a young scientist who has shown excellence within the field of allergy research.
Real World Evidence
Learn more about real world evidence (RWE), about patients treated with AIT, and the potential challenges of generating evidence from the real world. Additionally, you will find experts' perspectives on the relevance of RWE and how such AIT studies can offer the best of both worlds, by providing best in class Randomized Clinical Trial (RCT) data, as well as best in class RWE.
Webinars
ALK presents interactive discussions on co-administration of SLIT-tablets and how the COVID-19 pandemic has changed, and will further change the face of healthcare, with insights from global allergy experts. The webinars consist of clinicians’ perspectives and panel discussions.
Last updated: 03.09.2024

Henning Løwenstein Research Award 2021 (EDITED VERSION)

The Henning Løwenstein Research Award

Award to an excellent young scientist within the field of allergy

Watch previous award ceremonies

2024 Henning Løwenstein award - won by Kelly Bruton

The Henning Løwenstein Research Award is a biennial award given to a young scientist who has shown excellence within the field of allergy.

Over the last few decades allergy has increased in prevalence to become the most common chronic disease in modern societies. The causes for this sudden change are not entirely clear, although they seem to be linked to ‘modern lifestyle’.

It appears that allergy immunotherapy is the only treatment to treat the cause, induce immunological tolerance and to prompt disease modification. Disease modification implies long term effect, prevention of asthma in children with allergic rhinitis and prevention of new allergies.

In ALK we believe that reinforced efforts in research on the characteristics and treatment of respiratory allergic disease will lead the way for future achievements to the benefit of people with allergies all over the world.

2021 Henning Løwenstein Research Award - won by Julia Esser-von Bieren

Previous award ceremonies and winners

The Henning Løwenstein Research Award

2024: Kelly Bruton, Stanford University, United States of America 

2021: Julia Esser-von Bieren, Technical University, Munich, Germany

The ARIA-EUFOREA Henning Løwenstein Research Award

2019: Kornel Golebski, University of Amsterdam, the Netherlands

The WAO Henning Løwenstein Research Award

2015: Stefanie Eyerich, Technical University and Helmholtz Center, Munich, Germany 

2013: Bianca Schaub, Ludwig-Maximilian-University, Munich, Germany 

2011: Zoulfia Allakhverdi, University of Montreal, Canada, and Natalija Novak, University of Bonn, Germany 

2009: Stephen J Till, Imperial College, London, United Kingdom 

2007: Barbara Bohle, Medical University of Vienna, Austria

The Henning Løwenstein Research Award

2005: Omid Akbari, Harvard University, United States of America 

2004: Christopher Lynn Kepley, Commonwealth University of Virginia, United States of America 

2003: Erika Ganglberger, University of Vienna, Austria 

2002: Miriam Fleur Moffatt, University of Oxford, United Kingdom 

2001: Eckard Hamelmann, Humboldt-University of Berlin, Germany 

2000: Mark Larché, Imperial College, London, United Kingdom

Last updated: 04.09.2024

Henning Løwenstein Research Award

Young scientists

The Henning Løwenstein Research Award

Henning Løwenstein

Henning Løwenstein contributed significantly to the identification, categorisation, isolation, characterisation, and nomenclature of allergens and allergen components, recombinant allergens, standardization of allergen extracts for diagnosis and treatment of allergic diseases as well as translation of research understandings into robust clinical trials.

To recognise this outstanding contribution, ALK established and dedicated The Henning Løwenstein Research Award to the researcher Henning Løwenstein on his 25th anniversary of working at the company.

2025 Henning Løwenstein

Research Award - see more information

about the winner and the recording

of the ceremony below.

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allergy-on-rise
Allergy is on the rise affecting people’s lives

Over the last few decades, allergy has
increased in prevalence to become the most common chronic disease in modern societies. The causes for this change remain unclear although they seem to be linked to “modern lifestyle”. If left untreated, allergic rhinoconjunctivitis can progress with the development of new sensitisations and co-morbidities e.g., asthma. Furthermore, respiratory allergy has a significant impact on people’s lives and quality of life.

Recent research indicates that there is no simple dose-relationship between allergen exposure and symptoms. Symptom-relieving medication alleviates symptoms but does not prevent increases in the prevalence of allergy or the course of it. Allergy immunotherapy is the only treatment that targets the cause, induces immunological tolerance, and prompts disease modification meaning long-term and preventive effect.

ALK awards young scientists for excellence

In ALK, we believe that reinforced efforts in research on the characteristics and treatment of respiratory allergic disease will lead the way for future achievements to the benefit of people – children, adolescents, and adults – living with allergies all over the world. The Henning Løwenstein Research Award is a biannual award given to a young scientist who has shown excellence within the field of allergy. The winner receives a monetary grant* (€20,000 in 2024) and a travel grant to attend the award ceremony at ALK in Hørsholm, Denmark.

2025 Henning Løwenstein Research Award – won by Janice A. Layhadi

Application guidelines

There is currently no call for applications.

For more information, please see the criterion and evaluation of the 2025-applications below.

Application criterion (in 2025)
  • Applicants must be concise, max. 2 pages including essential references, and should describe previous and current research activities 
  • The applicant’s precise role in these activities must be clearly stated 
  • The applicant’s curriculum vitae must also be enclosed, max. 2 pages 
  • Applicants should be early in their academic career, within 10 years of their PhD (or equivalent degree), and should not be considered an established scientist, i.e., head of department, professor, etc.
Evaluation

An international Scientific Board evaluates the applications. Board members in 2025:

  • Prof. Stephen Durham, Chairman of the award, England
  • Dr. Henning Løwenstein, Honorary of the award, Denmark
  • Prof. Stephen Till, England
  • Prof. Mark Larche, Canada
  • Prof. Motohiro Ebisawa, Japan
  • Prof. Natalija Novak, Germany
  • Prof. Jing Li, China

Previous award ceremonies and winners

2025 Henning Løwenstein Research Award – won by Janice A. Layhadi
​​2024 Henning Løwenstein Research Award - won by Kelly Bruton
2021 Henning Løwenstein Research Award - won by Julia Esser-von Bieren
2019 Henning Løwenstein Research Award – won by Kornel Golebski
The Henning Løwenstein Research Award

2025: Janice A. Layhadi, Imperial College London, United Kingdom

2024: Kelly Bruton, Stanford University, United States of America 

2021: Julia Esser-von Bieren, Technical University, Munich, Germany

The ARIA-EUFOREA Henning Løwenstein Research Award

2019: Kornel Golebski, University of Amsterdam, the Netherlands

The WAO Henning Løwenstein Research Award

2015: Stefanie Eyerich, Technical University and Helmholtz Center, Munich, Germany 

2013: Bianca Schaub, Ludwig-Maximilian-University, Munich, Germany 

2011: Zoulfia Allakhverdi, University of Montreal, Canada, and Natalija Novak, University of Bonn, Germany 

2009: Stephen J. Till, Imperial College London, United Kingdom

2007: Barbara Bohle, Medical University of Vienna, Austria

The Henning Løwenstein Research Award

2005: Omid Akbari, Harvard University, United States of America 

2004: Christopher Lynn Kepley, Commonwealth University of Virginia, United States of America 

2003: Erika Ganglberger, University of Vienna, Austria 

2002: Miriam Fleur Moffatt, University of Oxford, United Kingdom 

2001: Eckard Hamelmann, Humboldt-University of Berlin, Germany 

2000: Mark Larché, Imperial College London, United Kingdom

* If the winner is from a country where local legislation or medicolegal regulation prevents the transfer of monetary awards from the pharmaceutical industry to healthcare professionals, and in the case that the selected winner is a healthcare professional, the award is substituted by a travel grant or an educational grant of corresponding value. The grant is managed by ALK A/S and specified payment can only be given in the form of tickets or refund of tickets for a scientific or educational purpose, which is in agreement with the medicolegal regulation in that country. Accepted purposes could be transportation to a scientific congress or educational event, registration fees, educational charges or accommodation. ALK will ensure that each purpose is in agreement with the regulation in that particular country.

Last updated: 04.12.2025

Front Page (new)

ALK

Pioneering in the field of respiratory allergies for more than a century, we've embarked on a mission to help more people, with more solutions, more efficiently.

News

  • Post date
    04/01/2026
    Grant of share-based long-term incentive instruments to members of the Board of Management and key employees
  • Post date
    03/31/2026
    EURneffy 1 mg approved across the EU as the first and only needle-free adrenaline treatment for young children (≥15 kg) at risk of anaphylaxis
  • Post date
    03/16/2026
    Annual General Meeting in ALK-Abelló A/S held on 16 March 2026
  • Post date
    03/04/2026
    New data reveals 9 in 10 people prefer EURneffy, a needle-free nasal adrenaline spray, over auto-injectors
  • Post date
    02/20/2026
    Annual General Meeting in ALK-Abelló A/S on 16 March 2026
  • Post date
    02/20/2026
    Henriette Mersebach to step down as ALK’s head of R&D
  • Post date
    02/20/2026
    Annual report 2025: ALK delivers 15% revenue growth and 26% EBIT margin
  • Post date
    02/13/2026
    Invitation to the presentation of ALK’s annual report 2025 on Friday, 20 February 2026
  • Post date
    01/29/2026
    ALK receives positive recommendation for EURneffy® 1 mg: A needle-free anaphylaxis treatment for children
ALK corporate strategy 2024-2028
As the pioneers of allergy solutions, we are stepping into the next 100 years with a mission to help more people, with more solutions, more efficiently. We call it Allergy+.
100 years of pioneering allergy solutions
A new book has been written about ALK’s fascinating development in the field of allergy
The hunt for a vaccine – a podcast in five episodes
A fascinating story about ALK and the company’s 100 years of hunting allergy vaccines have been turned into a captivating podcast.
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ALK homepage video thumbnail
We are the pioneers of allergy solutions

For more than a 100 years, ALK has been at the forefront of allergy research and treatment. We're on a mission to help even more people globally, reaching 5 million people a year by 2030.

ALK in brief

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Allergy solutions

Allergy is caused by an overreaction of the body’s immune system to substances that in most cases would otherwise be harmless. Learn about the chronic disease, diagnosis, and treatment options.

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Sustainability

We aim to operate in a sustainable and ethical manner across our business and we underpin these aims with a range of policies and commitments.

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Careers

Become part of a team that is passionate about making a difference for people living with allergy. In our global company, we share expertise and knowledge across boarders and cultures and have a focus on continuous employee development.

Last updated: 19.08.2025

Strategy

ALK strategy 2028

Allergy+ — our approach to helping more people with allergy

ALK is a growth story. With Allergy+, we are ready to scale for impact!

Allergy is the most common chronic disease globally and it has profound impact on people’s lives. More than 500 million people worldwide live with respiratory allergies, more than 200 million people have some sort of food allergy, and more than 100 million children are living with allergic rhinitis. These numbers are only expected to increase, and as a result, the need for allergy solutions is ever-growing.

For more than a 100 years, ALK has been at the forefront of long-term allergy treatment. Building on our strong heritage, our team is stepping into the next 100 years with a mission to help even more people, with more solutions, more efficiently. We call it Allergy+.

Allergy+ — ALK’s corporate strategy towards 2028

With this direction for the future, we are aiming for more. More specifically, we are aspiring to help 5 million people living with allergy annually by 2030 – that is more than double the number we helped in 2023.

Allergy+ is shaped by our mission to help people living with allergy, and they are therefore at the very centre of our four strategic pillars: Focus, Innovate, Optimise and Cultivate. Our strategy aims to further strengthen ALK’s leadership in long-term allergy treatment, establishing a leading position in food allergy and anaphylaxis, as well as pursuing new innovations to address adjacent allergic conditions with high unmet needs. It builds on our promise of providing life-changing solutions to the millions of people with allergy.

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CEO Peter Halling says: “ALK is a growth story, and through our Allergy+ strategy, we are scaling for impact. When we developed the strategy last year, we recognised how ambitious it is. I'm proud of the entire ALK organisation and of our achievements over the first year with the strategy, demonstrating that we can deiver results while adapting to and leading change in the field of allergy. We are definitely on the right path, and we are ready for the next steps.

Focus

We will grow by focusing on new patient groups and high-impact markets

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The first pillar of our corporate strategy is ‘Focus’. It describes how ALK will prioritise and focus our commercial activities as we work to strengthen our global position in respiratory allergy, primarily through extending the reach of our current tablet portfolio.

We will focus on helping new patient groups, including children living with allergy. Key initiatives include:

  • Targeted expansion to new patient groups 
  • Investments in high-impact markets 
  • Efforts to increase prescription depth and breadth among healthcare professionals 
  • Digital mobilisation of eligible patients and prescribers

A significant growth contribution is expected to come from completing ALK’s respiratory tablet portfolio and by leveraging the expected full paediatric coverage. Across markets, ALK will also explore collaborations with partners to speed up commercial adoption.

Innovate

We will innovate to create a balanced pipeline

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The second pillar of our corporate strategy is ‘Innovate’. To help more people with allergy, we will innovate and expand our R&D pipeline in a balanced way, maximising the value of our existing core products while diversifying our portfolio into food allergy, anaphylaxis and other adjacent, allergic diseases. Key initiatives include:

  • Strengthening the evidence supporting our core products in new patient groups, such as children and geographies 
  • Building a portfolio of treatment in food allergy that addresses the unmet medical need among the ~200 million people worldwide affected, particularly among children 
  • Continuing our prioritisation of treatment of acute life-threatening allergic reactions (anaphylaxis). The area is underserved - for instance, in the USA, where around 20 million people are at risk of suffering anaphylactic shocks, but only around 3 million carry an adrenaline autoinjector 
  • Proceeding innovation efforts targeting selected adjacent disease areas with strong scientific and commercial links to the existing product portfolio and channels, building on our scientific leadership and core R&D capabilities within molecular and clinical allergology and immunology

Overall, our focus will be on expanding our leadership into core areas, while exploring new solution areas that will drive our growth.

 

Optimise

We will optimise to create the right foundation for scaling

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The third pillar of our corporate strategy is ‘Optimise’. To reduce complexity and maintain competitiveness, ALK will further optimise our operations and thereby create a robust foundation for future growth. We will simplify in order to scale and improve efficiency, while ensuring quality. Key initiatives include:

  • Continuous improvements of our manufacturing model while maintaining high quality excellence
  • Expansion of our production capacity for tablets 
  • Optimising the cost base, reducing structural complexities across the value chain, and investing in infrastructure such as digital solutions and AI

On the longer term, ALK will also explore options to optimise the global manufacturing footprint and further prune the product portfolio.

Cultivate

We will cultivate our unique capabilities to stay ahead and to grow sustainably

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The fourth and final pillar of our corporate strategy is ‘Cultivate’. The activities and targets in this strategy are underpinned by ALK’s commitment to cultivate the capabilities of our people and organisation to foster a strong performance culture through high engagement, and to conduct business sustainably by improving access to allergy care and reducing the environmental footprint. Key initiatives include:

  • Investing in further development and upskilling of our employees to ensure that our organisation retains the right capabilities and an agile culture of continuous learning and growth 
  • Conducting business ethically and responsibly while fostering a safe, diverse and inclusive work environment 
  • Improving access to allergy care by expanding our reach among people with allergies through training of healthcare professionals and allergy awareness initiatives

We will also continue our focus to reach our science-based CO2 targets in line with the Paris Agreement. This includes reducing CO2 emissions from our own operations (scope 1 and 2) by 42% in 2030 and ensuring that 80% of emissions from our suppliers will come from suppliers that have science-based targets in place by 2028. Read more about our sustainability goals here.

 

Financial ambitions

We will continuously measure our progress

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The Allergy+ strategy includes measurable financial ambitions, which will allow us to track our progress.

Our corporate strategy targets:

  • Average revenue growth of minimum 10% in local currencies (5-year CAGR) until 2028.
  • An EBIT margin of ~25% in 2025 after which we will aim for annual profitability improvements in line with revenue growth implying a projected EBIT margin of around 25% until 2028.

Reaching these financial targets, will enable our company to invest in strategic growth initiatives to bolster our long-term growth and profitability trajectory. We aspire to self-fund our development, implying that underlying margin improvements above ~25% will be reinvested in commercial activities, R&D, business development or infrastructure. This does not rule out that margins can be higher or lower in the strategy period subject to market conditions and the timing of strategic initiatives.

ALK will maintain an efficient capital structure with a financial gearing of maximum 2 x NIBD/EBITDA. Our organisation will be disciplined about capital allocation to ensure flexibility to deliver on our growth ambitions while also generating attractive shareholder returns.

Last updated: 19.06.2025

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Last updated: 08.01.2024