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Investing.com -- French vaccine manufacturer Valneva (EPA:VLS) has announced its expectation for increased sales and positive cashflow in 2025.
The company's total revenue for the year is projected to be between 180 million euros and 190 million euros ($188.7 million and $199.2 million).
In addition to this, Valneva is planning to invest between 90 million and 100 million euros in research and development (R&D) within the same timeframe.
The company's revenue for the full year of 2024 saw a rise of 10%, amounting to 169.6 million euros. This growth was achieved despite the U.S. sales of its chikungunya vaccine being lower than initially expected.
As of Dec. 31, Valneva had cash and cash equivalents amounting to 168.3 million euros. The company is set to release its audited full-year results on Mar. 20.
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