Valneva Snares Pfizer For Lyme Disease Vaccine Pact

French Biotech Banks $130m Upfront

Days after inking a COVID-19 collaboration with Dynavax, Valneva has linked up with Pfizer to drive its Lyme disease vaccine VLA15 towards Phase III trials.

Tick sign
Lyme disease is a common tick-borne infection • Source: Shutterstock

Less than a year after losing a big pharma partner for its investigational Lyme disease vaccine in GlaxoSmithKline PLC, Valneva SE has bagged another with Pfizer Inc. coming on board and bringing a healthy cash injection.

Shares in the French biotech soared 32% to close at €4.18 on 30 April on the news that Pfizer Inc....

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