Welcome to our dedicated page for Emergent Biosolutions news (Ticker: EBS), a resource for investors and traders seeking the latest updates and insights on Emergent Biosolutions stock.
Emergent BioSolutions develops and supplies public health products and medical countermeasures for government agencies, healthcare providers, and community preparedness programs. Its news centers on products such as NARCAN® Nasal Spray for opioid overdose emergencies and ACAM2000® for smallpox and mpox, along with biodefense countermeasures for threats including anthrax, botulism, and Ebola.
Recurring updates also cover quarterly results, debt refinancing and balance-sheet actions, regulatory approvals, government supply activity, and manufacturing services. The company reports on bioservices agreements and facility utilization at sites such as Canton, Massachusetts, and Winnipeg, Manitoba, where it supports vaccine, biologic, and drug product manufacturing programs.
Emergent BioSolutions (NYSE: EBS) has commenced dosing the first participant in a Phase 1 clinical trial of EBS-LASV, a VSV-vectored vaccine aimed at combating Lassa virus infections. The study, co-funded by CEPI, will assess the vaccine's safety and immunogenicity in around 36 healthy adults in Ghana. Dr. Kelly Warfield emphasized the company's commitment to addressing public health threats, while CEPI highlighted the urgency of developing solutions against Lassa fever, which currently lacks approved vaccines or treatments.
Emergent BioSolutions (NYSE: EBS) announced participation in several investor conferences in August and September 2022. Key events include the 12th Annual Midwest IDEAS Investor Conference on August 24, a fireside chat at the Wells Fargo 2022 Healthcare Conference and Leveraged Finance Conference on September 8, and the Morgan Stanley 20th Annual Global Healthcare Conference from September 12-14. Webcast presentations will cover recent business developments and financial results, available live and on replay from the Emergent website.
Emergent BioSolutions (NYSE: EBS) reported Q2 2022 results with total revenues of $242.7 million, down 39% year-over-year. Net loss reached $56.4 million, marking a significant decline from the prior year's profit of $4.6 million. Adjusted EBITDA stood at $(28.8) million, down from $49.5 million. The company executed an agreement to acquire TEMBEXA and announced an FDA review of its anthrax vaccine. For 2022, total revenue guidance has been set at $1.15 to $1.25 billion, with CDMO revenues projected at $105 to $125 million.
Emergent BioSolutions Inc. (NYSE: EBS) will host a conference call on August 1, 2022, at 5:00 PM ET to discuss its Q2 2022 financial results and provide revenue guidance for Q3 2022 and the full year. The call will cover recent business developments and financial outlook. Participants can join via webcast or telephone after registration. A replay will be available on Emergent's Investors page.
Emergent focuses on public health threats, developing vaccines and therapeutics, and offering contract development services.
Emergent BioSolutions (NYSE: EBS) has formed a collaboration with Ridgeback Biotherapeutics to enhance availability of Ebanga™ (Ansuvimab-zykl) for Ebola treatment. Emergent will manage manufacturing, sales, and distribution in the U.S. and Canada, while Ridgeback will ensure free access to patients in endemic regions through its compassionate use program. Ebanga™, FDA-approved since December 2020, is crucial for combating Ebola. The partnership emphasizes both companies' commitment to addressing public health threats and ensuring equitable access to life-saving treatments.
Emergent BioSolutions (NYSE:EBS) appointed Sujata Dayal as a Class II director, effective July 15, 2022, with her term expiring at the 2023 annual meeting. Dayal brings extensive experience in healthcare compliance, having previously served at Medline, Johnson & Johnson, Biomet, and Abbott Laboratories. As a new board member, she joins the Nominating and Corporate Governance Committee and the Special Committee on Manufacturing and Quality Oversight, positioning her to significantly contribute to the company's growth and compliance efforts.
Emergent BioSolutions Inc. (NYSE:EBS) announced that the FDA has accepted for review its Biologics License Application (BLA) for AV7909, a new anthrax vaccine candidate for post-exposure prophylaxis in individuals aged 18-65. The Prescription Drug User Fee Act goal date for the FDA's decision is April 2023. This application is based on pivotal phase 3 clinical study data evaluating the vaccine's efficacy and safety. Emergent has collaborated with the U.S. government for over 20 years on this project, aiming to enhance public health preparedness against anthrax threats.
Emergent BioSolutions (NYSE:EBS) announced the publication of two-year persistence data from its Phase 2 trial of a chikungunya virus vaccine in The Lancet Infectious Diseases. The study involved 415 participants and demonstrated that a single 40 μg dose of the aluminum hydroxide-adjuvanted CHIKV VLP vaccine candidate was well-tolerated, inducing a robust immune response lasting up to two years. The company is moving forward with Phase 3 trials, emphasizing the vaccine's potential to address a public health threat with no existing vaccine or treatment.
Emergent BioSolutions will participate in key investor conferences in June 2022, including:
- Benchmark Healthcare House Call Virtual 1X1 Conference on June 2.
- NYSE Healthcare & Technology Virtual Investor Access Day on June 8.
- East Coast IDEAS Conference on June 22, featuring a pre-recorded presentation accessible at 6:00 am ET.
Webcast presentations may discuss business developments and financial results, available live and on replay via the Emergent website.
Emergent BioSolutions (EBS) has announced its acquisition of TEMBEXA® from Chimerix for $225 million, enhancing its medical countermeasures portfolio against smallpox. The deal is expected to be accretive and funded by current resources, with deliveries to the U.S. government anticipated in 2022. TEMBEXA, the first FDA-approved antiviral for smallpox, is critical for public health preparedness. The transaction also includes potential milestone payments of up to $100 million and royalties based on future procurement.