Vaccines: why London is torpedoing the French nugget Valneva

DECRYPTION – Britain has canceled an order for 100 million anti-Covid vaccines, which amounted to 1.4 billion euros.

It’s a blow to Valneva. The British government has canceled the order for anti-Covid vaccines placed last year with the Franco-Austrian biotech. The contract, which amounted to 1.4 billion euros, provided for the delivery of 100 million doses in 2021-2022 (with an option on an additional 90 million until 2025).

Valneva’s disappointment is up to the hopes placed around this contract, the only one to date completed by biotech. “Valneva has worked tirelessly, and invested to the maximum of its abilities, in its collaboration with [le gouvernement britannique], in particular by committing significant resources and by showing a very strong implication in order to meet the demands of the British government on vaccines adapted to the variantsSaid the Nantes-based company, which hopes to market its vaccine before the end of the year.

Open conflict

The announcement caused a wave of panic among investors, the title unscrewing by more than 40%, to 11.5 euros,

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