PARIS, Jan 20 — French biotech firm Valneva said on Wednesday that preliminary studies showed that three doses of its inactivated Covid-19 vaccine candidate neutralised the Omicron variant of the disease.

All of the serum samples tested presented neutralising antibodies against the ancestral virus and Delta variant, it said, while 87 per cent of samples did so against the Omicron variant.

"We are extremely pleased with these results,” said Chief Medical Officer Juan Carlos Jaramillo in a statement, noting that these added to an earlier Phase III trial that showed improved immune response with two doses of the VLA2001 candidate.

Valneva expects to receive potential approvals for its vaccine within the first three months of 2022, and is providing data to the European Medicines Agency (EMA) as well as regulators in the UK and Bahrain.

Should the shot be approved in Europe, it expects to start delivering doses there in April.

Valneva’s stock has slumped since the start of this year as investors worried over EMA comments on awaiting further data. — Reuters