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Stock impact report

Vaccine Partners Turn Rivals With First Shot for Advancing Virus [Financial Post (Toronto, Ontario, Canada)]

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Two European partners will soon be vying for dominance in a new battleground: vaccines to protect travelers against a painful viral illness transmitted by mosquitoes. Valneva SE became the first company to win clearance late last year to sell a shot for chikungunya, a disease that can cause fever and severe joint pain. Bavarian Nordic A/S is some months behind, awaiting approval in the European Union and starting a submission in the US. Article content Article content The companies have marketed and distributed each other's products since 2020, a collaboration due to wind down next year — just as the two start competing to carve a new market for their rival chikungunya shots. Valneva's lead will undoubtedly translate into “a much more significant market share,” according to Chief Executive Officer Thomas Lingelbach. His counterpart at Bavari Show less Read more
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