Emergent BioSolutions Awarded R&D Option valued At $41.9M For Continued Advanced Development And Procurement Of Ebanga Treatment For Ebola
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Emergent BioSolutions Inc. (NYSE:EBS) has been awarded a $41.9 million contract modification by BARDA for the continued development and procurement of Ebanga, a treatment for Ebola. This funding will support drug substance engineering, process validation, and commercial readiness.
September 12, 2024 | 12:34 pm
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Emergent BioSolutions has received a $41.9 million contract from BARDA to advance the development and procurement of Ebanga, an Ebola treatment. This funding will aid in drug substance engineering, process validation, and commercial readiness, potentially boosting EBS's market position.
The $41.9 million contract from BARDA is a significant financial boost for Emergent BioSolutions, supporting the development and commercialization of Ebanga. This contract enhances EBS's capabilities in drug development and positions it well in the Ebola treatment market, likely leading to a positive short-term impact on its stock price.
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