Talks on second-gen COVID vaccine will take months and could fail, Valneva warns

1 min


176
115 shares, 176 points

PARIS (Reuters) -Current talks with a potential partner on its COVID-19 jab could take several months and might not succeed, French drugmaker Valneva warned on Monday, saying it would only produce a second-generation vaccine if it obtains the necessary funding.

The French company has struggled to bring its COVID-19 vaccine to the market and compete with the products of larger rivals like AstraZeneca, Moderna or BioNTech/Pfizer. Its shares have lost almost 80% since peaking at the end of 2021.

Valneva has won regulatory approval in the European Union and some other countries for its first-generation jab, but said it suspended manufacturing in light of low order levels.

It said it would only invest in building up production capacities for a second-generation vaccine – adjusted to mutations of the virus – if it found a partner willing to finance the move.

“The company is in active discussions with a prospective partner for potentially funding the development of a second-generation COVID-19 vaccine,” said Valneva.

“These ongoing discussions may continue for several months and may not lead to an agreement,” added Valneva.

Valneva chief executive Thomas Lingelbach also said the company would provide future updates “if and when” it reaches a deal.

(Reporting by Tassilo Hummel;Editing by Sudip Kar-Gupta)

Source: KFGO


Like it? Share with your friends!

176
115 shares, 176 points

What's Your Reaction?

Cute Cute
2
Cute
Fun Fun
21
Fun
Hate Hate
16
Hate
Confused Confused
5
Confused
Fail Fail
24
Fail
Geeky Geeky
18
Geeky
Love Love
10
Love
OMG OMG
5
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format