EMA at last recommends approval for Valneva's COVID-19 vaccine

23 June 2022

The European Medicines Agency (EMA) has recommended granting a marketing authorization for COVID-19 Vaccine (inactivated, adjuvanted) Valneva, developed by developed by French company Valneva (Euronext: VLA), for use in the primary vaccination of people from 18 to 50 years of age.

Valneva’s shares leapt 18.6% to 14.18 euros following the announcement.

Valneva has been a late-comer in getting its vaccine approved, well after leading product – Pfizer (NYSE: PFE) and BioNTech’s (Nasdaq: BNTX) Comirnaty and several others. In April this year, the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) was the first regulator to clear use of the vaccine.

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