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Corona: EU buys dead vaccine from Valneva, share price rises by 23 percent

2021-11-10T14:20:27.249Z

The EU has agreed to a deal to buy up to 60 million doses of Valneva's vaccine. The French company relies on inactivated viruses for immunization.



Enlarge image

The headquarters of Valneva near the French city of Nantes: vaccination technology like flu vaccinations (symbol image)

Photo:

JEAN-FRANCOIS MONIER / AFP

The European Union (EU) can buy up to 60 million doses of a possible corona vaccine from the French company Valneva. The EU Commission formally approved a contract for 27 million cans in the coming year. A further 33 million cans can be bought on request in 2023, as the Brussels authority announced. The shares of the group made a violent price jump after the news. In the meantime, the price has increased by more than 23 percent.

Germany and the other EU countries are entitled to purchase rights for the vaccine as soon as it is approved.

Valneva claims that delivery can begin in April 2022.

The prerequisite is approval by the European Medicines Agency EMA.

The agency is expected to begin the rapid review process shortly.

According to the EU Commission, the contract also provides that the vaccine can be adapted to new variants of the coronavirus.

Traditional vaccine technology

According to the EU Commission, Valneva's vaccine is a vaccine with inactivated viruses.

The EU announced that it was "a classic vaccine technology that has been in use for 60 to 70 years with tried and tested procedures and a very high level of safety."

This is also used for most flu vaccinations and many childhood illnesses.

It is currently the only vaccine candidate against Covid-19 based on inactivated viruses that is currently being tested in clinical studies in Europe.

“The pandemic is not over yet.

Everyone who is allowed to be vaccinated, "said EU Commission chief Ursula von der Leyen.

The EU already has contracts with the vaccine manufacturers AstraZeneca, Sanofi / GSK, Johnson & Johnson, Biontech / Pfizer, Curevac, Moderna and Novavax.

beb / dpa

Source: spiegel

All business articles on 2021-11-10

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