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Tuesday, September 28, 2021

Vaccine manufacturer Valneva loses only corona order

Another bearer of hope for the corona vaccination campaign is facing the commercial end. The UK government is canceling its bulk order from the French biotech company Valneva.

Great Britain has canceled an order for 100 million Corona vaccine doses from the Franco-Austrian group Valneva. “The British government claims that Valneva has not fulfilled its obligations. Valneva denies this,” the company said on Monday at its headquarters in Saint-Herblain in western France. The company referred to the “considerable resources and efforts” that have been invested in trusting the cooperation.

(FILES) This file illustration photo taken on November 17, 2020 shows vials with Covid-19 Vaccine stickers attached and syringes with the logo of French-Austrian vaccine firm Valneva on November 17, 2020. – Valneva announced on April 21, 2021 the launch of a Phase III clinical study, the last step before a marketing application, for its candidate vaccine against Covid 19. (Photo by JUSTIN TALLIS / AFP)

A spokesman for Prime Minister Boris Johnson told Reuters that the cancellation of Valneva will not affect the UK vaccination offer. In any case, London did not plan with Valneva for autumn and winter. The starting booster vaccinations, for which Valneva was in discussion, are not in danger. He could not comment on the reasons for the cancellation, as the dispute with the company was still ongoing.

Valneva’s share price collapsed by up to 45 percent on Monday morning and stabilized over the course of the day with a loss of around 40 percent. However, the share was only pushed up as a new hope value at the end of August and is thus returning to its previous level.

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