Valneva's not too late in COVID-19 as analysts eye $1.1B in 2022 vaccine sales

Valneva has yet to successfully usher its inactivated COVID-19 vaccine across the regulatory finish line, but analysts still see reason to bet on the French vaccine specialist.

The biotech's shot could bring in roughly $1.1 billion in 2022 through supply deals and more than $500 million in 2023, Jefferies analysts wrote in a note to clients Tuesday. The vaccine, dubbed VLA2001, is currently in late-stage trials—tested against AstraZeneca's shot—with a readout expected in the third quarter this year.