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Stock impact report

Chikungunya Vaccine Label Extension Call Likely to Support VALN Stock [Yahoo! Finance]

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: Yahoo! Finance
Currently approved for adults, the vaccine may soon be accessible to adolescents aged 12 to 17 years, following the label extension. This submission is backed by positive adolescent Phase 3 data that demonstrated a 99.1% immune response rate and a favorable safety profile in adolescents. Expanding access to this age group addresses a critical gap, particularly as chikungunya continues to pose a growing threat globally. Subsequent to the news, the share price of VALN dropped 0.9% to $3.96 yesterday. Although the shares were southbound, the latest development is capable of generating positive market sentiment, considering the rising number of chikungunya cases in select geographies. We therefore expect market sentiment toward VALN stock to be positive surrounding this news. Valneva boasts a market capitalization of $321.8 million. The company is estimated to report 8.3% earnings growth in 2024. Valneva's inclusion of two-year antibody persistence data in the FDA submission str Show less Read more
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