Valneva: FY'24 report reiterated 2025 objectives
Valneva reported its FY'24 results, which following the preliminary results published a couple of weeks ago no surprises were reported on revenues which were confirmed at EUR169.6m, of which EUR163.3m in product revenues (+13% YoY), with an adj. EBITDA at EUR32.9m (vss css EUR35m) and total opex atValneva, together with its subsidiaries, is focused on vaccine development and antibody discovery. Co. generates revenue from both its marketed product, a vaccine for the prevention of Japanese encephalitis (IXIARO®/JESPECT®), commercial partnerships around a portfolio of product candidates and licensed technology platforms (EB66® cell line, VIVA,Screen antibody discovery technology, and the IC31® adjuvant) developed by Co. Related business activities include product research and development, regulatory and clinical activities, manufacturing of commercial product and advanced clinical product candidates, as well as administrative, corporate development, and marketing and sales activities.
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