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Benzinga
Benzinga
Business
Vandana Singh

Safety Concerns Hit Valneva As Ixchiq Chikungunya Virus Vaccine Is Suspended In US

VALN Valneva FDA Vaccine
Ixchiq Chikungunya Vaccine

Valneva SE (NASDAQ:VALN) stock is trading lower on Monday after the U.S. Food and Drug Administration (FDA) suspended the license for Ixchiq, citing four new reports of serious adverse events (SAEs) consistent with chikungunya-like illness.

The license suspension is effective immediately and requires Valneva to stop shipping and selling Ixchiq in the United States.

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