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Valneva shares dive 20% after COVID vaccine deal with EU falls apart


Shares of Valneva plunged 20% on Monday after the French drugmaker said its COVID-19 vaccine agreement with the European Commission was being scrapped and it may have to rethink its financial guidance. Valneva said the European Commission had informed the company of its intent to terminate an advance purchase agreement (APA) for its COVID vaccine, which is currently under regulatory review by the European health regulator.

Reuters - May 16, 2022

View the full story here: https://www.reuters.com/business/healthcare-pharmaceuticals/valneva-says-european-commission-terminate-purchase-agreement-its-vla2001-covid-2022-05-16/