MedWatch

Bavarian Nordic raises expectations after another EU monkeypox vaccine order

HERA, the EU’s health emergency preparedness agency, has doubled its order for the Danish drugmaker’s vaccine against monkeypox, and the company has subsequently upgraded its financial guidance for the seventh time this year.

Photo: Sven Hoppe/AP/Ritzau Scanpix

A new order for an additional 170,000 doses of Bavarian Nordic’s monkeypox vaccine, sold as Imvanex in the EU, from the European Health Emergency Preparedness and Response Authority, HERA, is enough for the Danish drugmaker to raise its full-year expectations again, a company press release reports.

Bavarian is now expecting revenue for the year to come to DKK 2.8–3bn (USD 372.6–399.2m), up from the previous DKK 2.7–2.9bn (USD 359.3–385.8m), while the operating deficit forecast (EBITDA) has been raised to a loss of DKK 200m (USD 26m) at the most, and break-even at best. Before today, the company had estimated EBITDA would total a loss of DKK 100–300m (USD 13.3–39.9m). The company’s year-end cash position is raised to DKK 1.7bn (USD 226.2m).

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