FDA approves Valneva's Ixchiq
The US Food and Drug Administration (FDA) has approved Ixchiq, French specialty vaccines developer Valneva’s (Nasdaq: VALN) single-dose, live-attenuated vaccine indicated for the prevention of disease caused by chikungunya virus (CHIKV) in individuals 18 years of age and older who are at increased risk of exposure to CHIKV.
Valneva’s shares jumped 11.4% to 6.93 euros following the announcement. The company said it has plans to begin commercializing the vaccine in the USA, early next year.
Valneva’s chikungunya vaccine is expected to be a blockbuster drug in the field, with GlobalData forecasting $248 million in global sales for the vaccine in 2029.
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