Bloomberg Law
May 26, 2023, 11:37 AM

French Drugmaker Valneva Weighs Bids for Sale of Scottish Site

Suzi Ring
Suzi Ring
Bloomberg News

Valneva SE has been approached by about a dozen potential buyers for its Scottish manufacturing site, according to the company’s chief executive officer, after the French drugmaker said earlier this month it was mulling a sale.

The Almeida factory was originally built in partnership with the UK government for the company’s Covid-19 vaccine, but the arrangement collapsed two years ago before any shots had been supplied. A disposal is one of a number of options Valneva is exploring.

All of the companies that have expressed interest in the site operate in bio-manufacturing, Thomas Lingelbach said in a Bloomberg interview Friday. ...

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