UK agrees joint investment with Valneva to boost vaccine production
Reuters
Published Aug 05, 2020 06:18
LONDON (Reuters) - Britain has agreed a multi-million pound joint investment with French speciality vaccines company Valneva (PA:VLS) to upgrade a manufacturing facility and increase production capacity for a possible COVID-19 vaccine.
Britain said in July it had agreed in principle to buy 60 million doses of a Valneva vaccine, with an option to purchase 40 million more if it proved safe, effective and suitable.
The government did not disclose the exact size of the investment, and had previously said it was in talks about providing funding for the facility in Livingston, Scotland.
Valneva has previously said it is aiming for clinical trials of its vaccine to start in November or December this year.
The upgraded facility could potentially supply 100 million vaccine doses to Britain and internationally, the government said in a statement.
Governments around the world are locked in a race to secure a vaccine that could help their citizens, and economies, to recover from the pandemic.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.