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Valneva Appoints Dr. Hanneke Schuitemaker, Ph.D. as Chief Scientific Officer

Key Takeaway: Valneva SE has appointed Dr. Hanneke Schuitemaker as Chief Scientific Officer, effective June 3, 2024. Dr. Schuitemaker brings over 20 years of experience in vaccine development, having previously worked at Johnson & Johnson and other notable institutions. Her role will enhance Valneva's R&D portfolio, particularly in developing innovative vaccine solutions. Thomas Lingelbach, CEO of Valneva, expressed confidence in her ability to contribute to the company's strategic ambitions in the vaccine sector.
Price reaction · baseline $8.84 (2024-05-20 close) · hit after-hours · clean, no other VALN news in the window
day 0 close · peak
-7.2%
day 1
-1.2%
day 3
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Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of a highly experienced scientist strengthens executive team.
  • Dr. Schuitemaker's focus on accelerating R&D aligns with strategic goals.
  • Valneva's successful track record in vaccine development is promising.
  • Company aims to provide first-, best-, or only-in-class vaccine solutions.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+97%
120-day peak, hindsight
Typical move
7%
average across 2 past catalysts
Lead asset
VLA2001
Phase 3 · SARS-CoV-2 Virus Infection

Full Press Release Details

Saint-Herblain (France), May 21, 2024 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today announced the appointment of Dr. Hanneke Schuitemaker, Ph.D. as Chief Scientific Officer (CSO) and Executive Committee member, effective June 3, 2024.
Valneva decided to complement its Executive Team with an accomplished R&D leader to oversee the further evolution of the Company´s R&D portfolio. Specifically, Dr. Schuitemaker will focus on accelerating Valneva’s pre-clinical and translational R&D activities in support of the Company’s strategic ambition to provide first-, best- or only-in-class vaccine solutions.
Dr. Schuitemaker brings more than two decades of experience in vaccine discovery and development. She formerly served as Global Head of Viral Vaccine Discovery and Translational Medicine at Johnson & Johnson (J&J), with responsibility for the strategy and execution of vaccine programs on COVID-19, HIV, RSV, Ebola, and multiple other viral disease targets for almost 14 years. Prior to J&J, she worked at Sanquin, The Netherlands’ Blood Supply Foundation, and at Amsterdam University Medical Center, where she conducted research on the pathogenesis of HIV. She has a unique and solid scientific background, which is notably reflected in more than 350 scientific publications.
Thomas Lingelbach, Chief Executive Officer of Valneva, said, “Hanneke’s addition to our team represents an important step in further strengthening Valneva’s strategic leadership, especially as we continue to build our R&D portfolio beyond our advanced clinical programs against Lyme disease and the chikungunya virus. Innovation is a foundation of Valneva’s culture and strategy, and we are confident that her expertise and vision will be key in this regard.”
Dr. Schuitemaker, newly appointed Chief Scientific Officer of Valneva, added, “I am extremely excited to join the fantastic team at Valneva to help strengthen the pipeline and contribute to the design and development of novel vaccines against infectious diseases. Valneva has already accomplished a great deal, having brought three vaccines from early R&D to approval1, including the world’s first licensed chikungunya vaccine2, and I can’t wait to join the organization.”
We are a specialty vaccine company that develops, manufactures, and commercializes prophylactic vaccines for infectious diseases addressing unmet medical needs. We take a highly specialized and targeted approach, applying our deep expertise across multiple vaccine modalities, focused on providing either first-, best- or only-in-class vaccine solutions.
We have a strong track record, having advanced multiple vaccines from early R&D to approvals, and currently market three proprietary travel vaccines as well as certain third-party vaccines leveraging our established commercial infrastructure.
Revenues from our growing commercial business help fuel the continued advancement of our vaccine pipeline. This includes the only Lyme disease vaccine candidate in advanced clinical development, which is partnered with Pfizer, as well as vaccine candidates against the Zika virus and other global public health threats.
Valneva Forward-Looking Statements
This press release contains certain forward-looking statements relating to the business of Valneva. In addition, even if the actual results or development of Valneva are consistent with the forward-looking statements contained in this press release, those results or developments of Valneva may not be sustained in the future. In some cases, you can identify forward-looking statements by words such as "could," "should," "may," "expects," "anticipates," "believes," "intends," "estimates," "aims," "targets," or similar words. These forward-looking statements are based largely on the current expectations of Valneva as of the date of this press release and are subject to a number of known and unknown risks and uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievement expressed or implied by these forward-looking statements. In particular, the expectations of Valneva could be affected by, among other things, uncertainties involved in the development and manufacture of vaccines, unexpected clinical trial results, unexpected regulatory actions or delays, competition in general, currency fluctuations, the impact of the global and European credit crisis, and the ability to obtain or maintain patent or other proprietary intellectual property protection. Success in preclinical studies or earlier clinical trials may not be indicative of results in future clinical trials. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements made during this presentation will in fact be realized. Valneva is providing the information in these materials as of this press release and disclaim any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
1 This statement refers to Valneva and its predecessor Intercell
2 Valneva Announces U.S. FDA Approval of World’s First Chikungunya Vaccine, IXCHIQ® - Valneva
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Frequently Asked Questions

Who was appointed as CSO of Valneva?

Dr. Hanneke Schuitemaker is the newly appointed Chief Scientific Officer.

What is Dr. Schuitemaker's previous role?

She was Global Head of Viral Vaccine Discovery at Johnson & Johnson.

What will Dr. Schuitemaker focus on at Valneva?

She will oversee R&D and accelerate pre-clinical and translational activities.

What vaccines has Valneva developed?

Valneva has developed three vaccines, including the first licensed chikungunya vaccine.

What is Valneva's strategic focus?

Valneva aims to provide first-, best-, or only-in-class vaccine solutions.

Last updated: May 21, 2024