5/16, 1:04 PM (Source: TeleTrader)
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Chart for: Valneva SE

Valneva shares tumble 20% after EU deal breaks

Shares of French pharmaceutical company Valneva SE plunged 20% on Monday after the company announced it has received a notice "of intent to terminate the advance purchase agreement" for the firm's COVID-19 vaccine candidate.

In a written statement published earlier today, Valneva said it may have to readjust its financial guidance.

The company's shares plummetted 19.85% at 12:47 pm CET, selling for €9.56, its lowest since late January 2021.

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