European Commission grants marketing authorisation to Valneva’s COVID-19 shot

The logo of French-Austrian biotech agency Valneva is viewed exterior their headquarters in Vienna, Austria, December 16, 2021. REUTERS/Lisi Niesner

June 24 (Reuters) – French drugmaker Valneva’s (VLS.PA) COVID-19 vaccine has acquired internet marketing authorisation from the European Fee (EC) for use as a major vaccination in persons from 18 to 50 years of age, the business stated on Friday.

The advertising and marketing authorisation will protect the European Union’s member states as nicely as Iceland, Liechtenstein, and Norway.

“Now that we have received this whole advertising and marketing authorization, we hope that the EC and its member states will location orders that reflect this need,” Valneva CEO Thomas Lingelback reported in a assertion.

Valneva has been seeking to salvage a supply deal with the European Fee for up 60 million doses, which the Fee has signalled it would like to amend to a smaller sized variety of doses owing to software delays and nations around the world in Europe currently owning excessive provide. read a lot more

Britain cancelled its Valneva vaccine deal in 2021, but the firm has secured approvals in Bahrain and the United Arab Emirates.

Valneva’s vaccine takes advantage of technological know-how presently employed for a long time in photographs from polio, influenza and hepatitis. The enterprise thinks it will earn around individuals who had refused COVID vaccines that employed mRNA and other new technologies.

Valneva’s Paris-outlined shares jumped on Thursday right after the EU’s drug company advised the jab. examine more

Reporting by Valentine Baldassari Editing by Jan Harvey, Elaine Hardcastle

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