Benzinga | Jun 3, 2021 03:32PM EDT

Valneva Concludes Recruitment for COVID-19 Vaccine Candidate Trial

* Privately-held Valneva SE has completed recruitment for the pivotal Phase 3 trial of its inactivated, adjuvanted COVID-19 vaccine candidate, VLA2001.

* VLA2001 consists of inactivated whole virus particles of SARS-CoV-2 with high S-protein density, combined with two adjuvants, alum and Dynavax Technologies Corporation's (NASDAQ:DVAX) CpG 1018.

* Over 4,000 volunteers in the U.K. have been randomized in the Phase 3 trial "Cov-Compare," which compares Valneva's SARS-CoV-2 vaccine candidate, VLA2001, against AstraZeneca Plc's (NASDAQ:AZN) conditionally approved vaccine, Vaxzevria1.

* Topline data are expected by September 2021, and submission to the U.K.'s Medicines and Healthcare products Regulatory Agency for regulatory approval will follow.

* Price Action: DVAX shares are up 2.02% at $8.59 during the market session on the last check Thursday.