Product Sales Growth
Product sales for the first nine months of 2024 reached €112.5 million, growing 12% over the prior year on a comparable basis. IXIARO sales increased 31% year-over-year, driven by strong growth in both the travel segment and US military.
Strong Cash Position
Valneva reported a cash position of €156.3 million as of September 30, 2024, with a significant reduction in cash use from €136 million in the first nine months of 2023 to €76.3 million in the current year.
Advancements in R&D Pipeline
Valneva's R&D execution is on track, with significant progress in Lyme disease vaccine development and chikungunya vaccine IXCHIQ, which has shown strong safety and immunogenicity.
Positive Financial Performance
The company reported an operating profit of €34.2 million compared to an operating loss of €57.2 million the previous year. Adjusted EBITDA improved from minus €46 million to positive €48.6 million.
Strategic Partnerships
Valneva has established important partnerships, including with CEPI for chikungunya development and LimmaTech for Shigella, supporting its strategic positioning and development efforts.