Oscar Haffen Lamm's questions to Valneva (VALN) leadership • Q1 2025
Question
Oscar Haffen Lamm from Bryan Garnier & Co. asked about potential seasonality effects on IXIARO sales in Q1. He also inquired about the growth forecast for IXIARO for the remainder of the year and whether the updated French HAS recommendation could impact the IXCHIQ order for La Réunion.
Answer
CFO Peter Buhler explained that the Q1 IXIARO performance was more influenced by quarter-over-quarter dynamics, including some stocking in indirect markets, rather than significant seasonality. He reiterated guidance for continued double-digit CAGR for IXIARO but did not provide a specific number for the year. Regarding the La Réunion order, CEO Thomas Lingelbach confirmed that the 40,000-dose order was confirmed and delivered, and any further developments remain to be seen.