Debt Reduction and Financial Stability
Emergent BioSolutions Inc. reduced net debt by $156 million (21%) and improved the balance sheet, extending debt maturity to 2029.
Improved Profitability and Cost Savings
Operating expenditures were reduced by $130 million, with a total of $250 million in savings over two years. Adjusted EBITDA improved to $183 million from a negative $22 million in 2023.
NARCAN Distribution and Market Leadership
Distributed 11 million two-dose cartons of NARCAN across the US and Canada, maintaining a 75% market share in the growing naloxone nasal spray market.
Strong Contract Awards and BioDefense Performance
Secured $550 million in MCM contract awards and maintained strong performance in biodefense product sales including anthrax and smallpox vaccines.