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Valneva: Stock falls on new EU vaccine demands

2022-04-25T09:27:57.310Z


The pharmaceutical group Valneva fell on the stock market on Monday after announcing that European health authorities were asking it for new...


The pharmaceutical group Valneva fell on the stock market on Monday after announcing that European health authorities were asking it for new data to decide whether or not to approve its anti-Covid vaccine.

The European Medicines Agency (EMA) has sent the Franco-Austrian laboratory Valneva a list of questions which "

includes requests for the submission of new data and additional justifications for a conditional marketing authorization

", declared in a press release the group.

After this announcement, its action fell by some 15% in the first hours of trading on the Paris Stock Exchange.

Read alsoCovid-19: the Valneva vaccine authorized in the United Kingdom

Valneva has developed an anti-Covid vaccine which has been approved in the United Kingdom for about ten days.

The group then said it hoped that the European Union would do the same quickly, in order to obtain authorization there before the end of June.

The EMA's request, to which Valneva promises to respond in the coming days, therefore marks a setback, although the group says it is still able to meet its schedule if the health authorities deem these new data satisfactory.

More traditional technology

We are disappointed that the EMA has not considered our submissions sufficient to date

,” admitted Valneva CEO Thomas Lingelbach, quoted in the statement, insisting however that his vaccine was still valid. news.

"

We continue to receive messages every day from people looking for a more traditional vaccine approach

," he said.

Read alsoCovid-19: the vaccine from the French laboratory Valneva available “probably in May”

Valneva's vaccine is based on an inactivated virus.

Compared to the anti-Covid vaccines authorized in the EU, it is a more traditional technology than the Pfizer/BioNTech or Moderna vaccines, with messenger RNA, and, to a lesser extent than those of AstraZeneca and Johnson & Johnson, with viral vector, or that of Novavax, with recombinant protein.

Source: lefigaro

All business articles on 2022-04-25

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