May 24, 2022

The Queens County Citizen

Complete Canadian News World

Valneva will receive a contract of up to 60 million doses

Valneva will receive a contract of up to 60 million doses

The Franco-Austrian laboratory Valneva and the European Commission announced on Wednesday that they have reached an agreement for up to 60 million doses of vaccines against COVID-19 by 2023.

Also read: Live | Recent developments on coronavirus

The agreement offers all member states the opportunity to purchase about 27 million doses of the vaccine in 2022, with an additional dose of 33 million in 2023, the commission said.

Valneva said in a press release that the agreement with the European Union was “after a final examination of the volumes required for each member state of the European Union”.

This is good news for the company, which was shaken by the cancellation of the 100 million dose contract by the British government in September, and then its only order.

In terms of timing, vaccine delivery to the EU is scheduled for April 2022, subject to the approval of European authorities.

The Committee on Pharmaceutical Products for Human Use of the European Medicines Agency should soon begin a systematic review of data related to VLA2001, which is the name of the vaccine of Valneva.

Currently, the European Commission argues in a statement that it is “the only vaccine candidate for the inactivated virus” in clinical trials against Kovid in Europe, which has already concluded seven agreements with other manufacturers for vaccines.

“Member countries may decide to donate the vaccine to low- and middle-income countries or to divert it to other European countries,” she said.

Valneva reported “early positive” results of its Phase 3 clinical trials for its vaccine candidate compared to the Astrogenica vaccine in mid-October – the last before marketing.

READ  Coca-Cola pauses promotion on all social media platforms globally

In the wake of the announcement, the company’s stock rose 23% to close at 22.50 euros at 1:00 pm in Paris Bors: it returned to September levels before concluding a contract through the United Kingdom.