Emergent Biosolutions Inc - EBS STOCK NEWS

Emergent BioSolutions (NYSE: EBS) has announced a new stock repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $50 million of the company's common stock between now and March 27, 2026.

The repurchases may be conducted through open market or private transactions, with timing and volume determined by management based on market conditions, stock price, and other factors. CEO Joe Papa stated this initiative is part of their turnaround transformation plan, reflecting confidence in the company's strategy and cash generation capabilities.

As of December 31, 2024, EBS had approximately 54.3 million shares of common stock outstanding. The company maintains the right to suspend or discontinue the program at any time.

Emergent BioSolutions (NYSE:EBS) has announced that its Compensation Committee has approved an equity award for a new employee under its 2023 Inducement Plan. The award, granted on March 15, 2025, consists of restricted stock units and stock options totaling 72,882 shares of Emergent common stock. This equity grant was made in accordance with the NYSE Listing Rule 303A.08 employment inducement award exception. The awarded shares will fully vest on March 15, 2026, contingent upon the employee's continued service through the vesting date.

Hikma Pharmaceuticals announces Health Canada's approval of KLOXXADO® (naloxone HCl) Nasal Spray 8 mg for treating known or suspected opioid overdose in adult patients. The treatment will be marketed in Canada by Emergent BioSolutions under a six-year commercial agreement, with availability expected by 2026.

The 8 mg naloxone hydrochloride nasal spray offers a higher-dose alternative to the existing 4 mg NARCAN® Nasal Spray. This approval comes as Canada faces significant opioid-related challenges, with 22 lives lost daily to overdoses in 2023. However, recent Health Canada data shows a national decrease in overdose deaths for the third consecutive year, partially attributed to expanded naloxone distribution.

Under the agreement, Emergent will handle North American sales and marketing, while Hikma will manufacture the product at its Columbus, Ohio facility. Emergent plans to engage with Canadian agencies, private payers, and provincial formularies to ensure widespread availability.

Emergent BioSolutions (NYSE:EBS) has completed the sale of its Baltimore-Bayview drug substance manufacturing facility to Syngene International for $36.5 million, subject to post-closing adjustments. The transaction includes the transfer of facility assets and equipment to Syngene.

As part of the agreement, Emergent maintains rights to access manufacturing services and capacity at the facility for future growth and pandemic response production in partnership with Syngene. The company's CEO Joe Papa stated this strategic move aligns with their multi-year transformation efforts to streamline operations while maintaining production flexibility.

Emergent BioSolutions (NYSE: EBS) has secured approximately $27 million in international orders for delivery in 2025 for its medical countermeasures (MCM) portfolio. The orders focus on products addressing potential smallpox and anthrax threats, contributing to international market supply.

Joe Papa, president and CEO, emphasized Emergent's role as a trusted partner in supplying communities with protective medical countermeasures. The company plans to continue its international expansion efforts as part of its multi-year transformation plan, strengthening health preparedness globally.

Emergent specializes in developing, manufacturing, and supplying MCMs for national security and public health preparedness, enabling governments to respond effectively to emergencies and protect against potential threats.

Emergent BioSolutions (NYSE: EBS) is expanding access to NARCAN® Nasal Spray, the first FDA-approved over-the-counter 4 mg naloxone product for opioid overdose emergency treatment. The initiative comes as opioid overdose deaths show their first decline in five years nationwide.

The company is launching two key partnerships:

• Collaboration with NYC Building & Construction Industry Safety Fund to implement HOPE/LIVES program, providing training and emergency kits with two doses of NARCAN® to construction workers, who face higher opioid prescription rates and fatal overdose risks
• Partnership with Pathway Healthcare to supply NARCAN® Nasal Spray across their Mississippi locations, enhancing accessibility in addiction treatment and mental health facilities

These initiatives aim to increase opioid emergency preparedness and reduce barriers to access, while providing education on overdose recognition and proper administration of the life-saving medication.

Emergent BioSolutions (NYSE: EBS) has announced a strategic investment agreement with Rocketvax , a Swiss next-generation vaccine company. The partnership includes Emergent leading U.S. manufacturing and commercialization for four of Rocketvax's pipeline candidates targeting infectious diseases, cancer, and autoimmune disorders.

One of Rocketvax's leading candidates is a live-attenuated nasal spray SARS-CoV-2 vaccine, which has shown superior efficacy compared to mRNA COVID-19 vaccines in animal studies. Rocketvax has already secured a letter of intent with the NIH under Project NextGen initiative for clinical trials of their proprietary technology.

The collaboration aims to combine Rocketvax's innovative vaccine development with Emergent's production capabilities, supporting Emergent's strategic focus on growth and transformation while advancing breakthrough medical technologies.

Emergent BioSolutions (NYSE:EBS) has announced the sale of its Baltimore-Bayview drug substance manufacturing facility to Syngene International for $36.5 million. The facility includes manufacturing, laboratory, warehousing and office space, equipped with multiple monoclonal antibody manufacturing lines.

As part of the agreement, Emergent will maintain rights to secure manufacturing services and capacity at the facility for future growth and pandemic response production. The company will continue operating facilities in Lansing, Michigan and Winnipeg, Manitoba.

The sale, expected to close in Q1 2025, aligns with Emergent's multi-year transformation plan. Notably, the Bayview site received a 'No Action Indicated' (NAI) status from the FDA in March 2024, indicating favorable inspection outcomes.

Emergent BioSolutions (EBS) reported Q4 2024 financial results with total revenues of $194.7 million and full-year revenues of $1.04 billion. The company posted a Q4 net loss of $31.3 million, representing a 37% improvement from the previous year. Q4 Adjusted EBITDA reached $21.0 million, a 518% increase year-over-year.

Key Q4 performance metrics showed mixed results across segments:

• NARCAN® sales decreased 41% due to lower OTC and Canadian retail sales
• Anthrax MCM products declined 71%
• Smallpox MCM products surged 565%
• Commercial Products segment gross margin fell 57% to $22.4 million

The company completed several strategic initiatives in 2024, including receiving $550 million in Medical Countermeasure Contract awards, repaying $168 million of debt, and completing $117 million in asset divestitures. For 2025, Emergent is guiding Adjusted EBITDA of $150-200 million with improved gross margins.