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ROCKVILLE, Md.--(BUSINESS WIRE)--April 18, 2007--Emergent
BioSolutions Inc. today announced that the U.S. Department of Health
and Human Services (HHS) and the U.S. Department of Defense (DoD)
issued two separate notices of intent to procure up to a combined
total of 22.75 million doses of BioThrax(R) (Anthrax Vaccine
Adsorbed).
In a Presolicitation Notice issued today, HHS stated its intent to
procure 10.4 million doses of BioThrax for the Strategic National
Stockpile (SNS) with options for up to an additional 8.35 million
doses. HHS announced that it intends to enter sole source negotiations
with the company to finalize the procurement and to make an award on
or about July 24, 2007.
Separately, DoD issued a Special Notice signaling an anticipated
sole source contract award to procure a minimum of 4 million doses of
BioThrax, over a base period and 3 optional ordering periods.
"We were very pleased to learn of HHS and DoD's intent to procure
additional doses of BioThrax," stated Fuad El-Hibri, chairman and
chief executive officer of Emergent BioSolutions Inc. "These notices
indicate a continued commitment by the U.S. Government to Emergent
BioSolutions' FDA-licensed anthrax vaccine for the protection of
military personnel and civilians. We are committed to working with
both HHS and DoD to promptly complete these intended procurements to
ensure both federal agencies have continued access to and supply of
this critical biodefense countermeasure."
"We compliment the Government's leadership in following a strategy
of acquiring licensed available countermeasures for the highest threat
agents, while pursuing next generation development utilizing new and
emerging technologies," continued Mr. El-Hibri. In support of this
strategy the company has a next generation anthrax countermeasure
development program which includes both BioThrax and rPA-based
candidates. This program is designed to meet the next generation
requirements of the Government, including: room temperature storage,
extended shelf life, novel adjuvants and novel delivery systems.
Since 1998, the company has delivered 19 million doses of BioThrax
under contracts with HHS and DoD.
About Emergent BioSolutions Inc.
Emergent BioSolutions Inc. is a biopharmaceutical company focused
on the development, manufacture and commercialization of
immunobiotics, consisting of vaccines and therapeutics that induce or
assist the body's immune system to prevent or treat disease. The
company's biodefense business is focused on immunobiotics for use
against biological agents that are potential weapons of bioterrorism.
The company's commercial business is focused on development,
manufacture and commercialization of immunobiotics for use against
infectious diseases. These immunobiotics are designed to address
significant unmet or underserved public health needs. More information
on the company is available at www.emergentbiosolutions.com.
Safe Harbor Statement
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Any
statements, other than statements of historical fact, our strategy,
future operations, future financial position, future revenues,
projected costs, prospects, plans and objectives of management and any
other statements containing the words "believes", "expects",
"anticipates", "plans", "estimates" and similar expressions are
forward-looking statements. There are a number of important factors
that could cause the company's actual results to differ materially
from those indicated by such forward-looking statements, including our
performance under existing BioThrax(R) sales contracts with the U.S.
government, including the timing of deliveries under these contracts;
our ability to obtain new BioThrax sales contracts with the U.S.
government; our plans for future sales of BioThrax; our plans to
pursue label expansions and improvements for BioThrax; our plans to
expand our manufacturing facilities and capabilities; the rate and
degree of market acceptance and clinical utility of our products; our
ongoing and planned development programs, preclinical studies and
clinical trials; our ability to identify and acquire or in license
products and product candidates that satisfy our selection criteria;
the potential benefits of our existing collaboration agreements and
our ability to enter into selective additional collaboration
arrangements; the timing of and our ability to obtain and maintain
regulatory approvals for our product candidates; our
commercialization, marketing and manufacturing capabilities and
strategy; our intellectual property portfolio; our estimates regarding
expenses, future revenue, capital requirements and needs for
additional financing; and other factors identified in the company's
Registration Statement on Form S-1 and subsequent reports filed with
the SEC. The company disclaims any intention or obligation to update
any forward-looking statements as a result of developments occurring
after the date of this press release.
CONTACT: Emergent BioSolutions Inc.
Robert G. Burrows, 301-795-1877
Vice President, Corporate Communications
burrowsr@ebsi.com
SOURCE: Emergent BioSolutions Inc.
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