Emergent Biosolutions Shares Up 13% on Heavy Volume; Co. Earlier Offered Update on Status of BioThrax Procurement contract, Discussions with CDC

Emergent BioSolutions Inc. (NYSE: EBS) today provided an update on the status of its 2011 BioThrax® (Anthrax Vaccine Adsorbed) procurement contract and the status of its discussions with the Centers for Disease Control and Prevention (CDC) for a follow-on procurement contract for BioThrax.

2011 Procurement Contract
CDC has exercised an option to procure all remaining BioThrax doses, thereby committing to take delivery of the full 44.75 million doses, under the procurement contract announced on October 3, 2011 and due to expire September 30, 2016. In concert with this option exercise, CDC has granted a no-cost extension to enable delivery of the remaining doses to be completed by November 30, 2016.

Follow-On Procurement Contract
The company remains in active negotiations with CDC with respect to the Sole Source Notification (2016-N-17905) issued in June indicating CDC’s intention to award Emergent a contract for the purchase of 29.4 million doses of BioThrax over five years. The company will provide more clarity upon finalization of the contract.

BioThrax, the only anthrax vaccine licensed by the U.S. Food and Drug Administration (FDA), is indicated for both pre-exposure prophylaxis and post-exposure prophylaxis of anthrax disease.