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EBS - Here's How Emergent BioSolutions Procured a Higher Price Today
Emergent Biosolutions Inc.
Shares of Emergent BioSolutions(NYSE: EBS) are up 14% at 11:55 a.m. EDT after the bioterrorism expert was awarded a contract by the U.S. Department of Health and Human Services to deliver approximately $2 billion worth of smallpox vaccine ACAM2000 to the U.S. strategic national stockpile over the next 10 years.
The contract will start with $170 million in the first year, with the government having nine additional option years.