MedWatch

EU to terminate vaccine agreement with Valneva

A lacking marketing approval has allowed the European Commission to terminate its Covid-19 vaccine purchasing agreement with Valneva.

Photo: David Vincent/AP/Ritzau Scanpix

On Monday, French vaccine maker Valneva is being punished by investors on the Paris stock exchange following news that the EU is intending to terminate its purchasing agreement on Covid-19 vaccines.

According to Bloomberg News, this could impact Valneva’s 2022 guidance, and expectations could be reconsidered based on negotiations with the European Commission.

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