Core Points - Emergent BioSolutions Inc. has been awarded a contract modification by BARDA valued at $41.9 million for the development and scale-up of Ebanga™ [1][2] - The existing contract is a 10-year agreement with a total value of approximately $704 million, which includes advanced development and procurement options [2][3] - The contract aims to support the ongoing scale-up program for Ebanga™, a treatment for Ebola virus disease [1][2] Company Overview - Emergent BioSolutions focuses on providing critical medical countermeasures and has a mission to protect and enhance life through vaccines and therapeutics [9] - The company has been active for 25 years in defending against public health threats and aims to protect or enhance 1 billion lives by 2030 [10] Product Information - Ebanga™ is a human monoclonal antibody indicated for treating infections caused by Zaire ebolavirus in various patient demographics [5] - The efficacy of Ebanga™ is not established for other Ebolavirus species or Marburgvirus genera, and its clinical benefit may be affected by changes in viral resistance or virulence [5] Contract Details - The contract includes activities such as technology transfer for manufacturing scale-up, submission of a supplemental Biologics License Application to the FDA, and completion of stability studies [3] - The contract modification aligns with Emergent's planned program performance and critical path for the development of Ebanga™ [2]

Core Insights - Emergent BioSolutions Inc. has secured a $250 million term loan facility from Oak Hill Advisors to refinance its existing credit facility, marking a significant step in its multi-year financial stabilization plan [1][4] - The financing includes the issuance of 2.5 million warrants to OHA, valued at $10 million, with terms based on the average share price over a specified trading period [2] - The loan structure reflects OHA's strategic approach to assist companies facing complex financial situations [3] Company Actions - Over the past 18 months, Emergent has undertaken various measures to strengthen its balance sheet, including asset divestitures and resolving legacy issues [4] - The company aims to reduce net debt by over $200 million within the year, positioning itself for future growth and investment opportunities [4] Partnership and Support - Oak Hill Advisors expresses enthusiasm in partnering with Emergent, providing additional liquidity and flexibility to support the company's business plan and its mission to deliver life-saving products [4] - OHA has a long-standing reputation as a global credit-focused alternative asset manager, managing approximately $65 billion in capital across various credit strategies [5]

GAITHERSBURG, Md., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced the closing of a new credit facility agreement with Oak Hill Advisors for a term loan of up to $250 million (the "New Term Loan"). Emergent used a portion of the proceeds of the New Term Loan to repay all amounts outstanding under the senior term loan facility under the Amended and Restated Credit Agreement, dated October 15, 2018, by and among Emergent, the lenders party thereto from time to time, a ...

Core Insights - Emergent BioSolutions is launching the second year of the Ready to Rescue initiative, focusing on educating communities about opioid risks and promoting the use of NARCAN® Nasal Spray [1][4] - The initiative aims to increase awareness and accessibility of naloxone, especially among college students, as opioid poisonings remain a leading cause of accidental death in the U.S. [2][3] Group 1: Initiative Details - The Ready to Rescue initiative will include activities at college football tailgates, Greek Life events, and student wellness clinics at universities such as Clemson, University of Florida, Arizona State University, and University of Wisconsin-Madison [3] - The program will feature live demonstrations of NARCAN® Nasal Spray and provide attendees with Ready to Rescue kits containing information on recognizing opioid emergencies and administering naloxone [3] Group 2: Educational Focus - Research indicates that less than 15% of college students know how to administer naloxone, highlighting the need for education on opioid dangers and overdose response [2] - Approximately 90% of parents express a desire for life-saving treatments to be easily accessible for their children in emergencies, underscoring the importance of the initiative [3] Group 3: Broader Impact - The initiative aligns with International Overdose Awareness Day, promoting the theme "Together We Can" to encourage collective action against the opioid epidemic [4] - Emergent BioSolutions is committed to collaborating with advocacy partners, government leaders, and public interest groups to enhance the awareness and availability of NARCAN® Nasal Spray across various communities [4]

Core Insights - The FDA approved Emergent BioSolutions Inc.'s supplemental Biologics License Application for ACAM2000 to include prevention of mpox disease in high-risk individuals [1][3] - The approval is based on human safety data and a controlled animal study demonstrating the vaccine's effectiveness against mpox virus exposure [2] - Emergent plans to donate 50,000 doses of ACAM2000 for deployment in Central Africa as part of its support for the mpox outbreak response [4] Company Overview - Emergent BioSolutions is known for its ACAM2000 vaccine, which was first approved in 2007 for smallpox prevention in high-risk individuals [3] - The company has filed an Expression of Interest with the WHO for the ACAM2000 vaccine to be considered for Emergency Use Listing amid the mpox outbreak [3] Market Response - Following the FDA approval, Emergent BioSolutions' stock rose by 15.70% to $10.31 during the premarket session [5]

Core Viewpoint - Emergent BioSolutions Inc. has received FDA approval for the supplemental Biologics License Application (sBLA) to expand the indication of ACAM2000® vaccine for the prevention of mpox disease in high-risk individuals, based on human safety data and controlled animal studies [1][4]. Company Overview - Emergent BioSolutions is focused on public health threats, providing vaccines and therapeutics, and has a portfolio that includes ACAM2000®, VIGIV®, and TEMBEXA® [4][11]. - The company has filed an Expression of Interest (EOI) with the WHO for ACAM2000® to be considered for Emergency Use Listing amid the mpox outbreak [4]. Product Details - ACAM2000® is a single-dose vaccine administered via a bifurcated needle and was initially approved in 2007 for smallpox prevention [2][3]. - The vaccine is now indicated for both smallpox and mpox prevention in high-risk individuals [8]. Market Context - The WHO has declared mpox a public health emergency of international concern, with a significant increase in cases, particularly in Central Africa [5][6]. - In 2022, there were over 95,000 mpox cases reported globally across 115 non-endemic countries [5]. Public Health Response - Emergent BioSolutions plans to donate 50,000 doses of ACAM2000® for deployment in affected regions in Central Africa [4]. - The company is actively engaging with global health leaders to address the mpox outbreak [4].

GAITHERSBURG, Md., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced it has completed the sale of its drug product facility in Baltimore-Camden to an affiliate of Bora Pharmaceuticals Co., Ltd. ("Bora", TWSE: 6472). Emergent received approximately $30 million at closing, which is subject to customary post-closing adjustments. With the transaction closed, Bora has acquired the assets, equipment, and workforce associated with the 87,000 square foot Baltimore-Camden manuf ...

Active engagement with the World Health Organization, U.S. government and other global health leaders on critical efforts to prevent mpox disease transmission 50,000 doses of ACAM2000®, (Smallpox (Vaccinia) Vaccine, Live) will be donated to Direct Relief for potential deployment across often difficult-to-reach locations, and as informed by local and regional health authorities GAITHERSBURG, Md., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions (NYSE: EBS) today announced it is proactively working wit ...

Diy13 Emergent BioSolutions Overview Emergent BioSolutions (NYSE:EBS) has faced challenging circumstances, yet it is strongly positioned as an important player in public health. Earlier this year, I explored the high-risk, high-reward potential of EBS and its strategic turnaround efforts. Since then, significant strides have been made with its flagship product, NARCAN, which is central to the fight against the opioid crisis. Additionally, ACAM2000's potential expanded indication approval for monkeypox in Q3 ...

Concerns about the mpox outbreak are causing Emergent BioSolutions' shares to jump. Shares of Emergent BioSolutions (EBS 18.78%) were skyrocketing 19.5% higher as of 11:09 a.m. ET on Friday after rising as much as 34.1% earlier in the day. The big gain came after the European Centre for Disease Prevention and Control raised its risk level for mpox to "moderate" from "low." The decision followed the confirmation of a case of mpox infection in Sweden. On Wednesday, the World Health Organization declared a glo ...