Valneva SE (NAS:VALN)

$ 3.9299 -0.0301 (-0.76%) Market Cap: 321.47 Mil Enterprise Value: 368.73 Mil PE Ratio: 0 PB Ratio: 1.39 GF Score: 64/100

Nine Months 2019 Valneva SE Earnings Call Transcript

Oct 31, 2019 / 01:00PM GMT

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Valneva 9-Month 2019 Financial Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 31st of October 2019.

I would now like to hand the conference over to your speaker today, Thomas Lingelbach. Please go ahead, sir.

Thomas Lingelbach

Valneva SE - Chairman of the Management Board, President & CEO

Thank you so much. Good day to everyone. It's a pleasure for us to present today our 9-month 2019 financial results and to give you some updates on our strong R&D execution and general business.

With that, let me draw your attention to Page #4 of the presentation. So first of all, of course, the biggest news of the day is that we have raised our 2019 full year product sales guidance following a strong 9-month result and, more importantly, even we have to report nice and significant R&D milestones and progression.

On our lead program in R&D, our Lyme vaccine, which is the only clinical-stage

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