French biotech firm surprises analysts with corona vaccine data

French biotech company Valneva has surprised the market with positive Covid-19 vaccine data, something one analyst welcomes, as different types of boosters may be necessary in the ongoing fight against the virus.

Photo: David Vincent/AP/Ritzau Scanpix

After a rollercoaster year, French biotech business Valneva is experiencing somewhat of a comeback on the Covid-19 front, after having presented promising phase III data for its Covid-19 vaccine. Investors have rewarded it by sending Valneva stock up by more than 30 percent.

The new data comes just a month after the UK government canceled a previous vaccine supply deal with Valneva, concerning millions of doses.

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