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Emergent BioSolutions Reports Fourth Quarter and Full Year 2024 Financial Results
Newsfilter· 2025-03-03 21:23
Core Insights - Emergent BioSolutions Inc. reported favorable full-year financial results for 2024, driven by core products and strategic stabilization actions [2][6][37] - The company aims to focus on profitable revenue growth and cash generation as part of its multi-year transformation plan [2][6] Financial Highlights - Q4 2024 total revenues were $194.7 million, a decrease of 30% compared to Q4 2023 [3][6] - Q4 2024 net loss was $31.3 million, a 37% improvement from a net loss of $49.5 million in Q4 2023 [3][6] - Adjusted EBITDA for Q4 2024 was $21.0 million, an increase of 518% from $3.4 million in Q4 2023 [3][6] - Full-year 2024 total revenues were $1.04 billion, a slight decrease of 1% from $1.05 billion in 2023 [4][6] Segment Performance - Commercial Products segment revenues decreased by 20% year-over-year to $398.9 million in 2024 [31][32] - MCM Products segment revenues increased by 14% year-over-year to $509.8 million in 2024 [33][35] - Services segment revenues increased by 34% year-over-year to $104.9 million in 2024 [36] Product Sales Breakdown - Q4 2024 product sales for NARCAN® decreased by 41% to $65.1 million compared to Q4 2023 [9][10] - Revenues from Anthrax MCM products decreased by 71% to $32.5 million in Q4 2024 [11] - Smallpox MCM revenues increased significantly by 565% to $76.5 million in Q4 2024 [12] Operating Expenses - Total operating expenses for Q4 2024 decreased by 36% to $204.2 million compared to Q4 2023 [17] - Research and development expenses decreased by 69% to $9.1 million in Q4 2024 [20] - Selling, general and administrative expenses decreased by 32% to $60.8 million in Q4 2024 [20] Future Guidance - The company forecasts total revenues for 2025 to be between $750 million and $850 million [38] - Adjusted EBITDA for 2025 is expected to be between $150 million and $200 million [38]
Emergent BioSolutions to Report Fourth Quarter and Full Year 2024 Financial Results on March 3, 2025
Globenewswire· 2025-02-18 13:55
Core Points - Emergent BioSolutions Inc. will host a conference call on March 3, 2025, to discuss the financial results for Q4 and full year 2024 [1] - The company will also present at J.P. Morgan's 2025 Leveraged Finance Conference on February 24, 2025 [4] Company Overview - Emergent BioSolutions has been operational for over 25 years, focusing on public health threats through vaccines and therapeutics [5] - The company aims to protect or enhance 1 billion lives by 2030 [5] Investor Engagement - Participants can access the conference call via webcast or telephone, with pre-registration required for telephone participation [2] - A replay of the conference call will be available on the Investors page of Emergent's website [3]
Emergent BioSolutions and Pro Football Legend Emmitt Smith Raise Awareness of Ready to Rescue Campaign Timed to the Big Game in New Orleans
Globenewswire· 2025-02-07 13:06
Core Points - Emergent BioSolutions is promoting the Ready to Rescue initiative in New Orleans, leveraging the presence of pro football legend Emmitt Smith to raise awareness about opioid overdose prevention and the use of NARCAN Nasal Spray [1][4] - Recent data from the CDC indicates a national decline in opioid overdose deaths for the first time in five years, yet New Orleans continues to experience high rates of drug-related deaths, necessitating increased education and access to NARCAN [2][9] - The public education campaign includes a video featuring Smith demonstrating how to use NARCAN, which will be displayed on taxi television screens in New Orleans leading up to a major sporting event [3][9] Company Initiatives - Emergent BioSolutions aims to educate the public on opioid emergency preparedness and the importance of NARCAN Nasal Spray, which is available over the counter [4][6] - The company is committed to reducing opioid overdose deaths through partnerships with government, advocacy groups, and retail partners, emphasizing the need for community readiness [4][7] - Emergent plans to distribute hundreds of NARCAN Nasal Spray cartons in New Orleans during the event weekend to enhance community access to this life-saving medication [9]
Enrollment Starts in Africa CDC-Led MpOx Therapeutic Study (MOSA)
Globenewswire· 2025-01-16 13:00
Core Viewpoint - The Africa CDC is leading a pan-African clinical trial, MOSA, to evaluate therapeutic options for Mpox, addressing a significant health threat across the continent, particularly in vulnerable populations [1][2][5]. Group 1: Clinical Trial Details - The MOSA trial has commenced patient enrollment at Mbandaka Hospital in the DRC, marking a pivotal step in combating the Mpox health threat [1]. - The trial will assess the safety and efficacy of brincidofovir, an antiviral from Emergent BioSolutions, administered in a liquid oral formulation [3]. - A first interim analysis of the trial is anticipated by the end of Q1 2025 [4]. Group 2: Health Threat Context - Mpox was declared a Public Health Emergency of Continental Security on August 13, 2024, and remains a significant health threat, especially among women, children, and individuals living with HIV [2]. - No therapeutic has been approved for Mpox treatment in the U.S. or Africa, highlighting the urgent need for effective treatment options [2]. Group 3: Research and Development Leadership - The MOSA trial exemplifies Africa's leadership in addressing healthcare gaps, with support from the European Union's Horizon Europe program [5][6]. - The study design includes pre-planned interim analyses to facilitate rapid decision-making based on early trial results [5]. - PANTHER, a key research partner, aims to contribute to the response to the Mpox crisis while preparing for future health emergencies [7]. Group 4: Broader Implications - The ongoing research efforts, including the MOSA trial, are part of a larger initiative to advance treatments and vaccines for Mpox, which continues to pose a global public health threat [9]. - The collaboration among African and global researchers through platforms like PANTHER is crucial for enhancing pandemic preparedness and response [11].
Emergent BioSolutions: Stock Is A Likely Winner In 2025
Seeking Alpha· 2025-01-14 12:53
Core Insights - The article emphasizes the importance of investing in growth and momentum stocks that are reasonably priced and have the potential to outperform the market in the long term [1] - It highlights a successful investment strategy where the S&P 500 increased by 367% and the Nasdaq by 685% from March 2009 to 2019, indicating a strong recovery from the financial crisis [1] Investment Strategy - The focus is on long-term investment in high-quality growth stocks, with the use of options as part of the strategy [1] - The article suggests that investors should conduct their own research or consult financial advisers to determine suitable investments for their individual situations [3] Performance Metrics - The significant performance of the S&P 500 and Nasdaq over a decade serves as a benchmark for potential investment returns [1] - The article does not provide specific stock recommendations but emphasizes the historical performance as a guide for future investment considerations [4]
Emergent BioSolutions Gains Exclusive Commercial Rights to KLOXXADO® (naloxone HCI) Nasal Spray from Hikma Pharmaceuticals
Globenewswire· 2025-01-14 12:30
Core Insights - Emergent BioSolutions has secured exclusive commercial rights in the U.S. and Canada for Hikma Pharmaceuticals' KLOXXADO Nasal Spray, an 8 mg naloxone product aimed at treating opioid overdoses [1] - The agreement is part of Emergent's strategy to combat the opioid crisis by enhancing access to naloxone and increasing public awareness [1][2] - The company aims to provide two naloxone options: NARCAN Nasal Spray 4 mg and KLOXXADO Nasal Spray 8 mg, allowing for tailored treatment approaches [3][4] Company Strategy - Emergent's acquisition of KLOXXADO complements its existing product, NARCAN, and reinforces its commitment to reducing opioid overdose deaths [1][2] - The company emphasizes the importance of broadening public awareness and access to naloxone as a critical component in addressing the opioid epidemic [4][6] - KLOXXADO will be integrated into Emergent's NARCANDirect online distribution network, facilitating bulk purchases for emergency services and community organizations [4] Industry Context - The opioid overdose death rate in the U.S. saw a meaningful decline last year, marking the first significant decrease since 2018, attributed to various factors including increased naloxone access [2] - Emergent's dual product offering is positioned to meet the diverse needs of patients and communities affected by opioid overdoses [3][6] - The ongoing opioid crisis necessitates effective treatment options and public education to mitigate the impact of overdoses [4][6]
Emergent BioSolutions Receives Contract Option Valued at Approximately $16.7 Million to Continue Development Collaboration with BARDA on Ebanga™ (ansuvimab-zykl) Treatment for Ebola
Globenewswire· 2025-01-13 14:27
This option is part of Emergent’s existing 10-year contract with BARDA for advanced development and procurement of Ebanga™, with a maximum value of $704 millionProgram progress and performance triggers $16.7 million contract option GAITHERSBURG, Md., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) announced today that the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of He ...
Emergent BioSolutions to Present at the 43rd Annual J.P. Morgan Healthcare Conference on January 15, 2025
Globenewswire· 2025-01-08 12:45
GAITHERSBURG, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Emergent BioSolutions (NYSE: EBS), a leading public health company that delivers protective and life-saving solutions to communities across the world​, today announced that Joe C. Papa, president and chief executive officer, will present at the 43rd Annual J.P. Morgan Healthcare Conference on Wednesday, January 15, 2025, at 1:30 PM PST. The audio link for Emergent's session may be accessed here and will be live for up to 30 days. The company’s slides will ...
Emergent BioSolutions Announces Exercise of $20 Million Option to Supply U.S. Department of Defense with BioThrax® (Anthrax Vaccine Adsorbed)
Globenewswire· 2025-01-08 12:30
GAITHERSBURG, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced the exercise of contract option and modification valued at approximately $20 million to supply BioThrax® (Anthrax Vaccine Adsorbed) to the U.S. Department of Defense (DoD). The first delivery, which was valued at approximately $7 million began in December 2024, and remaining deliveries are expected in 2025. “We’re pleased to continue our work with the U.S. Department of Defense to supply BioThrax® to ...
Why Emergent BioSolutions Stock Blasted Higher Today
The Motley Fool· 2024-12-30 22:26
Company Overview - Emergent BioSolutions (EBS) stock gained nearly 12% on the day following an analyst's initiation of coverage, contrasting with the S&P 500's 1% decline [2] - H C Wainwright's Raghuram Selvaraju initiated coverage with a buy recommendation and a price target of $15 per share, which is 62% higher than the stock's current level [3] - The company is well positioned to be a frontline player in potential future healthcare emergencies due to its diversified offerings [4][6] Business Segments - The company's vaccines business includes jabs for monkeypox and smallpox, with monkeypox recently highlighted as a potential global healthcare threat [1] - Emergent's Narcan opioid reversal spray is expected to continue experiencing heavy demand due to the ongoing opioid epidemic in the U S [5] Analyst Perspective - Raghuram Selvaraju views Emergent as well diversified across several medical segments with strong growth potential [5] - The analyst's positive outlook on the company's diversification makes the stock a worthy consideration for investment [6]