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Valneva says European Commission to terminate purchase agreement for its VLA2001 COVID candidate

Valneva said on Monday it had received a notice of intent from the European Commission (EC) to terminate the advance purchase agreement for its VLA2001 COVID-19 candidate vaccine. 'The EC decision is regrettable especially as we continue to receive messages from Europeans who are looking for a more traditional vaccine solution,' CEO Thomas Lingelbach said. Valneva's vaccine relies on technology that has been used for decades, including in some shots against polio, influenza and hepatitis. Valneva signed a deal with the EC last November to supply up to 60 million doses of vaccine over two years, including 24.3 million doses in 2022.

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/