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BRIEF-Emergent BioSolutions to acquire ACAM2000 business from Sanofi
July 14, 2017 / 11:12 AM / in a month

BRIEF-Emergent BioSolutions to acquire ACAM2000 business from Sanofi

July 14 (Reuters) - Emergent Biosolutions Inc

* Emergent biosolutions to acquire acam2000® business from sanofi

* Emergent biosolutions to acquire acam2000® business from sanofi

* Emergent biosolutions inc - deal for ‍all-cash consideration of $97.5 million upfront​

* Emergent biosolutions inc - deal for all-cash transaction with a total value of up to $125 million

* Emergent biosolutions-deal includes ‍all-cash consideration of $97.5 million upfront ​

* Emergent biosolutions-deal also includes up to $27.5 million in near-term contingent regulatory & manufacturing-related milestones​

* Emergent - deal expected to be accretive beginning with anticipated product deliveries in 2018 following fda licensure of u.s.-based manufacturing facility​

* Emergent biosolutions-‍emergent will assume responsibility for existing 10-year cdc contract, which will expire and be up for renewal or extension in 2018​

* Emergent biosolutions inc- intends to negotiate a follow-on, multi-year contract with u.s. Government to ensure continued supply of acam2000 to sns​

* Emergent - ‍upon closing, co will assume all responsibilities under cdc contract valued at up to approximately $160 million​

* Emergent biosolutions inc - anticipates product deliveries will resume in 2018, following expected fda licensure of u.s.-based manufacturing facility​

* Emergent biosolutions - ‍expect deal to "meaningfully" contribute to revenue growth in 2018 & advance efforts towards achieving $1 billion in revenue by 2020​

* Emergent biosolutions-"anticipate that acam2000 will help us achieve our goal of generating more than 10% of total revenue from international markets"​ Source text for Eikon: Further company coverage:

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