MVM Life Science Partners injects €7.5m into Valneva
MVM Life Science Partners has invested €7.5m in vaccine group Valvena, by subscribing to a stock issue of around 2.9 million shares.
The transaction was completed with a price of 260 cents per share. In addition to the €7.5m investment, MVM is also acquiring the equivalent of €7.7m shares from existing shareholders.
Previous investors BPI France and Groupe Grimaud, which respectively hold 9.6% and 15.6% of the company's capital, did not reinvest on this occasion.
Company
Valvena is a fully integrated vaccine company specialising in the development, manufacture and commercialisation of vaccines. The group was born in 2013 from the merger between French group Vivalis and Austrian group Intercell in 2013.
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