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Valneva Confirms Step Back From COVID-19 Vaccine Development

Ends Q2 On A Loss

 
• By Ayisha Sharma

The French firm has suspended the manufacturing of its COVID-19 vaccine, instead emphasizing its hopes in advanced Lyme disease and Chikungunya.  

Man at brick wall
It May Be The End Of The Road For Covid-19 R&D • Source: Shutterstock

Valneva SE has finally dropped its commercially ambitious COVID-19 vaccine dreams, announcing suspension of the manufacturing of its jab during second quarter earnings after what has been a turbulent couple of years.

The company mentioned the manufacturing suspension for VLA2001 during an earnings call when it also announced a disappointing net loss...

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