Breaking News, Collaborations & Alliances

Pfizer to Invest $95 Million in Valneva

Funds will further support the strategic Lyme partnership between the two companies.

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By: Charlie Sternberg

Associate Editor

Valneva SE, a specialty vaccine company, and Pfizer Inc. have entered into an Equity Subscription Agreement and have updated the terms of their Collaboration and License Agreement for Lyme disease vaccine candidate VLA15.   As previously announced on April 26, 2022, Pfizer plans to initiate the Phase 3 study of VLA15 in the third quarter of 2022. Equity Subscription Agreement As part of the Equity Subscription Agreement, Pfizer will invest €90.5 ($95) million in Valneva, representing 8.1%...

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