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Valneva SE to Announce Agreement with GlaxoSmithKline PLC to End Strategic Alliance Agreement Call Transcript

Jun 21, 2019 / 07:30AM GMT

Release Date Price: £15.88 (-1.90%)

Transcript

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Valneva Conference Call. (Operator Instructions) I must also advise you that this conference is being recorded today, Friday, the 21st of June 2019.

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

Thomas Lingelbach

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

Thanks a lot. Good morning, ladies and gentlemen. Yesterday evening, we announced major strategic decision and step for Valneva. We announced the mutual agreement with GSK to end our Strategic Alliance Agreement and by doing so regaining full control of our own R&D activities. We spoke to a couple of our key institutional investors yesterday evening already and got quite positive feedback on our decision, and as such, we are pleased to present to you today why we have decided to do so and what it means for Valneva and its strategic development going forward.

As you may recall, the Strategic Alliance Agreement was

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