Breaking News

Financial Report: Emergent BioSolutions

By Kristin Brooks | March 7, 2014

2013 revenues up 11%

Emergent BioSolutions

4Q Revenues: $98.1 million (+4%)

4Q Earnings: $15.2 million (-6%)

FY Revenues: $312.7 million (+11%)

FY Earnings: $31.1 million (+32%)

Comments: For the year, product sales were $257.9 million, up 19%, driven by the biodefense business with strong performance reflected by the increased BioThrax doses shipped and sales of newly acquired medical countermeasure RSDL.
Contracts and grants revenues were $54.8 million, down 17% primarily due to decreased revenue associated with BioThrax PEP and PreviThrax development activities, offset by revenue associated with CIADM contract with BARDA. R&D expenses were flat at $119.9 million for the year. In the quarter, the company announced the acquisition of Cangene Corp., which added three Biodefense countermeasures, four commercial products, an infrastructure focused on hospitals and specialty clinics, and a growing contract manufacturing and fill/finish business.

Related Contract Manufacturing:

  • Packaging Equipment Technology Preview

    Packaging Equipment Technology Preview

    February 15, 2017
    Today’s complex drug products present challenges; the latest equipment capabilities help overcome them

  • The Good, the Bad, and the Donald

    The Good, the Bad, and the Donald

    January 31, 2017
    Orphan drugs, CMO continuous manufacturing and developing world sales offer biggest revenue opportunities

  • Predictive Analytics and the Future of RBM

    Rajneesh Patil, Senior Director, RBM and Analytics, QuintilesIMS||January 23, 2017
    How advances in Risk-Based Monitoring will enable a more proactive approach to identify and mitigate potential risks