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Valneva, biggest drop in the SBF 120 at mid-session on Monday June 13, 2022 –

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Valneva, biggest drop in the SBF 120 at mid-session on Monday June 13, 2022 -

(AOF) – Valneva (- 26.11% to 7.722 euros)

Valneva unscrews. The Franco-Austrian biotech is threatening to abandon its development program for its vaccine against Covid-19, due to a lack of sufficient orders from the European Union. This abandonment will have consequences on the group’s sales prospects. In November 2021, Valneva had signed an agreement with the European Commission regarding the supply of up to 60 million doses of vaccine over two years, including 24.3 million doses in 2022. Except that since then and contrary to expectations, the European Medicines Agency (EMA) has still not approved the vaccine.

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