Pfizer buys 8.1 per cent stake in French vaccines company Valneva

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Pfizer buys 8.1 per cent stake in French vaccines company Valneva via IrishTimesBiz

Valneva and Pfizer also updated the terms of their collaboration and license agreement which they announced on April 30, 2020 for the Lyme disease vaccine candidate VLA15.. Photograph: iStockUS healthcare giant Pfizer has agreed to invest €90.5 million to buy an 8.1% per cent stake in a French vaccines company, as the companies announced developments in their partnership to tackle Lyme disease.

Valneva and Pfizer also updated the terms of their collaboration and license agreement which they announced on April 30, 2020 for the Lyme disease vaccine candidate VLA15. As previously announced on April 26th, Pfizer plans to initiate the phase three study of VLA15 in the third quarter of 2022, they added.

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