Close

Pfizer To Buy 8.1% Equity In Valneva, A French Vaccine Firm

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

How Language Barriers Impact Non-Native English Speakers in Healthcare

Language barriers create significant challenges for non-native English speakers...

FDA Approval of AMVUTTRA for ATTR Amyloidosis

Alnylam Pharmaceuticals, Inc., a global leader in RNAi therapeutics,...

Rina-S Shows Promise in Advanced Ovarian Cancer

Genmab has reported encouraging findings from the Phase 2...

Pharma Support Powers Sofinnova Biotech Acceleration Fund

Sofinnova Partners Closes €165M Biotech Acceleration Fund with Strong...

Pfizer, the world’s largest pharmaceutical company, has decided to invest 90.5 million euros ($95.24 million) in Valneva, a French vaccine company, as the businesses reported further advancements in their Lyme disease collaboration.

Pfizer will purchase a 9.49 euro per share interest in Valneva, which is also developing the COVID-19 vaccine, through a restricted capital increase. The profits from Pfizer’s equity investment will be used by Valneva to enhance its Lyme disease Phase 3 development commitment.

Valneva and Pfizer also revised the conditions of their collaboration and licence agreement for the Lyme disease vaccine candidate VLA15, which they announced on April 30, 2020. Pfizer’s investment in Valneva exemplifies the excellence of their work together over the last 2 years and is a wide acceptance of Valneva’s vaccine expertise, said Thomas Lingelbach, CEO of Valneva.

Pfizer aims to begin the Phase 3 research of VLA15 in the third quarter of 2022, as previously stated on April 26, 2022. Valneva will now finance 40% of the remaining shared development expenditures under the amended agreement, up from 30% previously. Valneva will get tiered royalties ranging from 14% to 22% from Pfizer. According to the companies, the royalties will be supplemented by up to $100 million in milestone payments to Valneva based on cumulative sales.

Latest stories

Related stories

How Language Barriers Impact Non-Native English Speakers in Healthcare

Language barriers create significant challenges for non-native English speakers...

FDA Approval of AMVUTTRA for ATTR Amyloidosis

Alnylam Pharmaceuticals, Inc., a global leader in RNAi therapeutics,...

Rina-S Shows Promise in Advanced Ovarian Cancer

Genmab has reported encouraging findings from the Phase 2...

Pharma Support Powers Sofinnova Biotech Acceleration Fund

Sofinnova Partners Closes €165M Biotech Acceleration Fund with Strong...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back