Emergent BioSolutions Confirms Orders Worth $400M Related To Smallpox, Mpox Vaccines
Portfolio Pulse from Vandana Singh
Emergent BioSolutions Inc. (NYSE:EBS) has secured $400 million in orders for its smallpox and mpox vaccines for 2024 and 2025. The orders include a U.S. government contract for ACAM2000 and VIGIV. Despite a recent drop in sales and earnings, the company updated its 2024 revenue guidance upwards.
September 25, 2024 | 2:33 pm
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Emergent BioSolutions has secured $400M in orders for its smallpox and mpox vaccines, indicating strong demand. Despite a recent drop in sales and earnings, the company has raised its 2024 revenue guidance.
The $400M in secured orders for vaccines suggests strong future revenue, which is positive for EBS stock. The upward revision of 2024 revenue guidance further supports a positive outlook. However, recent sales and earnings declines may temper immediate investor enthusiasm.
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