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Cangene ops boost revenue in the quarter
August 8, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
Emergent BioSolutions 2Q Revenues: $110.3 million (+34%) 2Q Earnings: $5.0 million (+51%) YTD Revenues: $164.2 million (+31%) YTD Loss: $15.2 million (earnings were $2.4 million YTD13) Comments: This was the first full quarter of combined operations with Cangene.Product sales were $78.3 million, up 19%. Revenue from BioThrax was $67.5 million in the quarter, up 3%. Contract manufacturing revenue was $9.2 million in the quarter. R&D expenses were $37.4 million, up 23% primarily due to higher contract service costs, and includes increased technology and development expenses in both the Biodefense and Biosciences divisions.
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