Valneva For 2024 Expects Total Revenues Of €170M-€190M And R&D Investments Between €60M-€75M
Portfolio Pulse from Benzinga Newsdesk
Valneva expects total revenues of €170M-€190M for 2024, with sales from proprietary products driving €160M-€180M of this. R&D investments are anticipated to be between €60M-€75M, focusing on chikungunya, Zika, and pre-clinical programs. Other income is expected to be between €100M-€110M, including €95M from the PRV sale.
May 07, 2024 | 5:47 am
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Valneva projects significant revenue growth in 2024, driven by proprietary product sales, with R&D investments focusing on key development programs.
Valneva's revenue guidance for 2024 indicates a positive outlook, especially with the significant portion coming from proprietary product sales. The planned R&D investments in chikungunya and Zika development activities, along with pre-clinical programs, suggest a strategic focus on expanding and enhancing its product portfolio. The expected other income, including proceeds from the PRV sale, further supports a strong financial position. These factors combined are likely to generate investor optimism, potentially leading to a positive short-term impact on Valneva's stock price.
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