By Cecilia Butini

 

Shares in French pharmaceutical company Valneva SE rose in early trading on Monday after the company reported positive data on its vaccine against mosquito-borne viral disease Chikungunya.

At 0827 GMT, shares were up 8.5% at EUR7.32.

The vaccine data focused on persistence of antibodies against Chikungunya after 12 months of receiving a shot, Valneva said. The company also said it didn't identify any safety concerns around the vaccine, confirming the safety profile established in previous trials.

These positive results bode well for an upcoming Biologics License Application with the U.S. Food and Drug Administration, which is expected to be completed by year-end, Bryan Garnier analysts said in a note.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

December 05, 2022 04:04 ET (09:04 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Valneva (EU:VLA)
Historical Stock Chart
From Jan 2023 to Feb 2023 Click Here for more Valneva Charts.
Valneva (EU:VLA)
Historical Stock Chart
From Feb 2022 to Feb 2023 Click Here for more Valneva Charts.