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Britain terminates contract with French startup for vaccines


A French pharmaceutical startup says the British government has abruptly terminated an agreement to supply millions of COVID-19 vaccines

Britain alleged that Valneva was violating its obligations under the supply agreement, which the company “strictly” denied. There was no immediate comment from the British side.

Britain initially ordered 60 million doses of the vaccine and retained an option for 90 million more. It later added another 40 million to its orders. Valneva said that the total value of the 190 million doses is 1.4 billion euros ($1.7 billion).

If the UK exercises all its options, Valneva deliveries will continue until 2025.

At the time of the deal, Britain rolled out the red carpet for startups, while the more cautious EU dragged its feet. Valneva is clearly shocked that the carpet has been pulled from under her feet.

Valneva, headquartered on the banks of the Loire, said in its statement that it is continuing on all fronts of research and testing and is timely.

The VLA2001 vaccine, being made at Vallneva’s plant in Scotland, is currently in its third phase of testing and is not yet approved by regulators.

Britain initially ordered 60 million doses of the vaccine and retained an option for 90 million more. It later added another 40 million to its orders. Valneva said the total value of the 190 million doses was 1.4 billion euros ($1.7 billion).

If the UK exercises all its options, Valneva deliveries will continue until 2025.

At the time of the deal, Britain rolled out the red carpet for startups, while the more cautious EU dragged its feet. Valneva is clearly shocked that the carpet has been pulled from under her feet.

Valneva, headquartered on the banks of the Loire, said in its statement that it is continuing on all fronts of research and testing and is timely.

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