Emergent BioSolutions logo
|Key people||Daniel J. Abdun-Nabi, CEO & President|
|Products||BioThrax (Anthrax Vaccine Adsorbed)|
|Revenue||US$273.38 million (2012)|
|Net income||US$18.14 million (2012)|
Emergent BioSolutions (NYSE: EBS) is a multinational specialty biopharmaceutical company headquartered in Rockville, Maryland. It develops vaccines and therapeutics for infectious diseases, oncology and autoimmune disorders. The company has two divisions: a Biodefense division for counter-Anthrax products and a Biosciences division to treat some forms of autoimmune and inflammatory disorders and cancer. It was founded as BioPort Corporation in 1998, and renamed Emergent BioSolutions in 2004. Since the early 2000s, Emergent has expanded its product development, including research and development of products through joint ventures with its most well-known product being an anthrax vaccine.
On August 2, 2013, Emergent acquired the Healthcare Protective Products Division (HPPD) of Bracco Diagnostics Inc. In doing so, Emergent acquired a product known as RSDL, which is a lotion used to decontaminate skin immediately after someone becomes exposed to certain chemical warfare agents.
In 1998, the BioPort Corporation was founded to acquire an anthrax vaccine manufacturing facility in Lansing, Michigan, and other assets of the Michigan Biologics Products Institute, formerly owned by the Michigan Department of Public Health. In addition to the Lansing facility, BioPort acquired the license to produce anthrax vaccine for the U.S. Department of Defense. Emergent acquired, Antex Biologics Inc., a pharmaceutical research and development company, in 2003. The following year, a corporate restructuring turned BioPort and its subsidiary, Antex Biologics, into wholly owned subsidiaries of Emergent BioSolutions Inc. Microscience Ltd. (based in the United Kingdom) was acquired in 2005. In August 2006, Emergent purchased Vivacs GmbH, a biotechnology company based in Munich, Germany. A few months later, Emergent held its initial public offering (IPO) on the New York Stock Exchange.
In 2006 and 2007, Emergent developed medications and vaccines for the treatment of typhoid, hepatitis B and streptococcus, for which development is no longer being pursued. As of July 2011[update], Emergent's product development pipeline includes product candidates targeting infectious diseases, oncology and autoimmune disorders. On March 6, 2008, Emergent completed the acquisition of a group of anthrax monoclonal antibodies from Avanir Pharmaceuticals. On May 5, 2008, Emergent acquired patents and processes of VaxGen, Inc., of Livermore, California, including VaxGen's anthrax vaccine program. Emergent acquired Trubion Pharmaceuticals in October 2010, providing Emergent with oncology and autoimmune disease treatment candidates. In 2011, it acquired the rights to zanolimumab, an investigational, late-stage monoclonal antibody cancer therapy from TenX BioPharma, Inc.
In June 2012, Emergent, along with Novartis and the Texas A&M University System was selected by the U.S. Department of Health and Human Services as one of the three Centers for Innovation in Advanced Development and Manufacturing. The public-private partnership granted Emergent $163 million over eight years to assist in the development of countermeasures for health, nuclear and radiological epidemics. Fuad El-Hibri, the former CEO of Emergent BioSolutions led the company since its founding as BioPort Inc. until his retirement on April 1, 2012. He continues to serve as the executive chairman of Emergent BioSolutions’ board of directors.
Emergent BioSolutions develops and manufactures vaccines and therapeutics for the prevention or treatment of disease. It manufactures BioThrax (Anthrax Vaccine Adsorbed), a vaccine licensed by the U.S. Food and Drug Administration. Following a study by scientists from the Centers for Disease Control and Prevention, on December 19, 2008, Emergent received final FDA licensing for use of BioThrax five doses for intramuscular injection. Later in 2009, Emergent received approval from the FDA to extend the shelf life of its anthrax vaccine from three to four years. BioThrax was approved for distribution in the United States. BioThrax has received marketing approval in India, Singapore and Germany.
- Emergent is the 13th largest pharmaceutical company (by market capitalization) in the New York Stock Exchange.
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