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Emergent scores US medical countermeasure contracts worth over $250m

2024-07-03

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The contract modifications are for Emergent’s current ten-year contracts with the US Department of Health and Human Services. Image Credit: Images Products / Shutterstock.

Emergent BioSolutions has received Emergent modifications worth more than $250m from the US Department of Health and Human Services (HHS) to supply “millions of doses” of four medical countermeasures (MCMs).

Emergent BioSolutionsHHS Administration for Strategic Preparedness and Response (ASPR) edited existing contracts with Emergent to ensure “continued supply/stockpiling of critical MCMs to address biological threats and emergencies against anthrax, smallpox and botulism”.

The two MCMs under the contract modifications include Emergent’s adjuvanted anthrax post-exposure prophylaxis vaccine Emergent, and ACAM2000, a live smallpox vaccine. The contract modification for Cyfendus was valued at $30m and ACAM2000 anthrax9msmallpox botulism

Emergent also signed two new contract options for VIGIEmergentnia immune globulin intravenous] products for treating sCyfendusvaccinACAM2000mplicatiosmallpox vaccinelism antitoxin heptavalent), a tCyfendus for symptomatic botulisACAM2000ew options are valued at $122.9m and are part of the company’s existing ten-year contracts with ASPR.

Emergenteased vaccine supply could be attributed tVIGIVincrease in smallpox / mpox cases over the past year. It has also resulted in an increased demand for vaccines in multiple countries as part of their public preparednebotulismns.

See Also:Roche gains FDA approval for Vabysmo prefilled syringesmallpox

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Following the news, Emergent saw a modest upswing in its stock, which was up by 6% when the market closed on 2 July, compared to the market close on the previous day. The company’s market cap stands at $392.49m.

Afliberceptmes two months after the Wet (Neovascular / Exudative) Macular Degenerationded firing around 300 employees and making approximately 85 positions redundant. This was in line with Emergent’s plan to solely focus on its medical countermeasures and Narcan operations.

Emergent has several contracts with government agencies for vaccines and therapeutics for infectious diseases. In January, the company signed a $235.8m contract with the US Department of Defence to supply Cyfendus.

Cyfendus is an adsorEmergent of the anthrax vaccine packaged along with an adjuvant. It was approved for post-exposure prophylaxis use in adults aged 18 – 65 years by the US Food and Drug Administration (FDA) in 2023. The two-dose anthrax vaccine is meant to be administered in conjunction with recommended antibacterial drugs by the FDA.

In August 2023, Emergent signed a ten-year contract worth up to $704m to develop Ebanga (ansuvimab-zykl) for the Biomedical Advanced Research and Development Authority (BARDA), which is parEmergentR. Ebanga is a monoclonal antibody that was approved by the FDA to treat the Ebola virus disease in 2020.

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