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Emergent BioSolutions Awarded One-Year CDC Contract Valued at $26 Million for Vaccinia Immune Globulin Program
GAITHERSBURG, Md., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE:EBS) today announced a contract award by the Centers for Disease Control and Prevention (CDC) valued at $26 million over 12 months for the continued supply of Vaccinia Immune Globulin Intravenous (VIGIV) into the U.S. Strategic National Stockpile (SNS). VIGIV is the only therapeutic licensed by the U.S. Food and Drug Administration (FDA) for the treatment of complications due to smallpox vaccination. Under contract 200-2018-96321, Emergent will conduct manufacturing runs, collect plasma for future manufacturing, and undertake additional activities in support of maintaining FDA licensure of VIGIV.
“Emergent has been a partner to the CDC on the VIGIV program for more than 15 years now, since our first delivery to the SNS in 2002,” said Dr. Laura Saward, senior vice president and antibody therapeutics business unit head at Emergent BioSolutions. “The VIGIV product is an important part of the government's medical countermeasure strategy for addressing the smallpox threat and is synergistic with the company's smallpox product offering, which includes our ACAM2000® smallpox vaccine. As the only FDA-licensed treatment for complications due to smallpox vaccination, Emergent is pleased to continue to supply VIGIV to the SNS in support of the CDC's program to protect against this major public health threat.”
VIGIV was developed on Emergent's hyperimmune platform, on which several marketed antibody therapeutics have been licensed, including Emergent's Anthrasil® [Anthrax Immune Globulin Intravenous (Human)]. This contract will continue the CDC's commitment to VIGIV, which was licensed in the U.S. by FDA in 2005 and in Canada by Health Canada in 2007.
About Emergent BioSolutions
Emergent BioSolutions Inc. is a global life sciences company seeking to protect and enhance life by focusing on providing specialty products for civilian and military populations that address accidental, intentional, and naturally occurring public health threats. Through our work, we envision protecting and enhancing 50 million lives with our products by 2025. Additional information about the company may be found at www.emergentbiosolutions.com. Follow us on Twitter @emergentbiosolu and Instagram @life_at_emergent.
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Robert G. Burrows
Vice President, Investor Relations
Vice President, Corporate Communications