Valneva Reaffirmed Its 2024 Guidance: Expects Total Revenues Of €170M-€190M, And R&D Investments Between €60M-€75M
Portfolio Pulse from Benzinga Newsdesk
Valneva reaffirmed its 2024 financial guidance, expecting total revenues between €170M and €190M, with R&D investments between €60M and €75M. The company also anticipates other income between €100M and €110M, including €95M from the PRV sale.
August 13, 2024 | 5:31 am
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Valneva reaffirmed its 2024 financial guidance, expecting total revenues between €170M and €190M, with significant R&D investments and other income from the PRV sale.
The reaffirmation of financial guidance provides clarity and confidence to investors about Valneva's expected performance in 2024. The anticipated revenues and R&D investments indicate a strong focus on growth and innovation, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100