Prognosis

Valneva to Start Final Covid Shot Trials After Positive Data

  • French drugmaker’s vaccine effective and safe in early trials
  • Product may go head-to-head with another vaccine in phase 3

Valneva vaccine production.

Source: Valneva SE

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Valneva SE plans to start final-phase trials on its Covid-19 vaccine candidate this month after positive early-stage studies, a step forward for an old-school shot that’s backed by the U.K. government.

The French company saidBloomberg Terminal Tuesday a phase 1/2 test produced significant levels of antibodies in more than 90% of participants and raised no safety concerns. Valneva shares rose as much as 8.4% in Paris trading.