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0 0 0.0176923076923076 0 0.00153846153846151 -0.00153846153846164 0.00230769230769226 0.00307692307692301
Stock impact report

Mixed results for Lyme disease vaccine hit Valneva shares [Yahoo! Finance]

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: Yahoo! Finance
An experimental vaccine for Lyme disease is broadly effective, pharmaceutical companies Pfizer and Valneva announced Monday, however the latter firm's shares fell because the clinical trial did not reach its main goal. There are currently no approved vaccines to treat Lyme disease -- the world's most common tick-borne illness. The new vaccine candidate "demonstrated more than 70 percent efficacy in preventing Lyme disease in individuals aged five years and above" during a phase 3 clinical trial, the US and French-Austrian companies said in a joint statement. However, because there were fewer cases of Lyme disease than expected during the study period, the trial did not meet its primary endpoint, they added. Following the announcement, Valneva's share price plunged more than 38 percent at around noon GMT on the Paris stock exchange, which was otherwise up 0.7 percent. Prizer said in the statement it remains "confident in the vaccine's potential and is planning submissions to Show less Read more
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