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Stock impact report

Valneva to withdraw Chikungunya vaccine from US amid safety woes [Yahoo! Finance]

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: Yahoo! Finance
French vaccine developer Valneva said it is voluntarily pulling the paperwork underlying the approval of its chikungunya virus shot in the U.S., ending a short-lived marketing run marred by safety concerns. In a Monday statement, Valneva said it recently learned that the Food and Drug Administraiton placed a clinical hold on the vaccine, Ixchiq, pending an investigation of a newly reported serious adverse event that occurred outside the U.S. The company has responded by withdrawing its FDA applications altogether. Ixchiq was awarded an accelerated approval in November 2023. That clearance made Ixchiq the first shot in the U.S. cleared to prevent illness caused by the chikungunya virus, a pathogen typically spread through infected mosquitoes. Infections can cause fever and severe joint pain that, in some cases, may be persistent and debilitating. Ixchiq, however, has come under heavy scrutiny over the last year amid mounting concerns about its safety. The European Medicines Agen Show less Read more
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