Saint Herblain (France), January 14, 2020 – Valneva SE (“Valneva” or “the Company”), announced today that the U.S. government Department of Defense (DoD) has exercised an option to purchase 80,000 additional doses of its Japanese encephalitis (JE) vaccine IXIARO®. The option brings the total value of the contract signed with the DoD in January 2019 to $70 million. Shipments associated with the option will commence shortly.
Valneva expects to sign a new contract with the DoD during the first half of the year.
Franck Grimaud, Chief Business Officer of Valneva commented, “We thank the DoD for their renewed confidence in helping them protect military personnel and their families from Japanese encephalitis. We look forward to continuing to develop our relationship with the DoD.”
IXIARO® is the only JE vaccine approved by the U.S. Food and Drug Administration (FDA). It was developed through a cooperative research and development agreement with the Walter Reed Army Institute of Research. Valneva markets and distributes IXIARO® directly to the U.S. military and U.S. private market.
About Valneva SE
Valneva is a specialty vaccine company providing prevention against diseases with major unmet medical needs. Valneva’s portfolio includes two commercial vaccines for travelers: IXIARO®/JESPECT® indicated for the prevention of Japanese encephalitis and DUKORAL® indicated for the prevention of cholera and, in some countries, prevention of diarrhea caused by ETEC. The Company has various vaccines in development including a unique vaccine against Lyme disease. Valneva has operations in Austria, Sweden, the United Kingdom, France, Canada and the U.S. with approximately 490 employees. More information is available at www.valneva.com.
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