A coaxial valve for regulating and blocking a fluid medium having a valve housing having at least one inlet opening, at least one outlet opening and a flow duct connecting the inlet opening to the outlet opening; a tubular valve sleeve disposed in an axially movable manner in a portion of the flow duct and having an inflow and an outflow opening for the medium, wherein the inflow and outflow openings open into the flow duct; a closure member disposed in the valve housing and arranged coaxially with the valve sleeve and configured to close the inflow opening; and a drive configured to axially move the valve sleeve and having an electric servomotor and a transmission part coupled between the servomotor and the valve sleeve, the transmission part configured to transmit an axial movement to the valve sleeve.