Emergent BioSolutions Reports Third Quarter 2025 Financial Results

About this update from Emergent Biosolutions Inc.

[{"type":"image","alt":"Emergent BioSolutions","displaySize":"","headline":null,"caption":"Emergent BioSolutions","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":36,"url":"https://media.zenfs.com/en/globenewswire.com/ac51a05701131dc10043a5f2860c099d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8Cci..ShG_us_SMdQyxhzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTUwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/ac51a05701131dc10043a5f2860c099d","width":300,"height":36}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Third Quarter 2025 Total Revenues of $231.1 million, above the high end of Q3 guidance by $21.0 million","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Third Quarter 2025 Net Income of $51.2 million and Net Income Margin of 22%","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Third Quarter 2025 Gross Margin % of 54% and Adjusted Gross Margin % of 61%, an expansion of 300 bps and 200 bps, respectively, versus prior year","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Third Quarter 2025 Adjusted EBITDA of $87.8 million and Adjusted EBITDA Margin of 38%","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Raising the Full Year 2025 Revenue and Profitability Guidance","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong Sequential Naloxone Revenue Growth, Primarily Driven by NARCAN ® Nasal Spray, QoQ Through Q3 2025 ","length":103,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":572,"olType":false},{"type":"text","content":"GAITHERSBURG, Md., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today reported financial results for the third quarter ended September 30, 2025.","length":177,"tagName":"p"},{"type":"text","content":"“Following a strong second quarter, we are proud to again beat the high end of our third quarter 2025 revenue guidance by $21 million, with continued margin expansion that gives us confidence in meeting the higher end of our adjusted EBITDA guidance for 2025,” said Joe Papa, president and CEO of Emergent. “We remain confident in our products business as evidenced by the sequential growth of our naloxone franchise, where pricing has stabilized for NARCAN ® Nasal Spray, as well as continued demand from our international customers, who represent 34% of our medical countermeasures orders year to date. The Company has now secured eleven MCM contract modifications and product orders in 2025, highlighting the consistent global demand for medical countermeasures products, in a world where biological threats represent a growing risk. Our balance sheet is healthy, and we are judiciously deploying our capital to create shareholder value and build a long-term growth trajectory.”","length":980,"tagName":"p"},{"type":"text","content":" FINANCIAL HIGHLIGHTS (1) ","length":24,"tagName":"p"},{"type":"text","content":" Q3 2025 vs. Q3 2024 ","length":19,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions, except per share amounts) ","length":41,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"width:12.0098%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2025 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"width:12.0098%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2024 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"width:12.3775%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:64%;width:63.4804%;min-width:64%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Total Revenues","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:0.980392%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:9.92647%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"231.1","length":5,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.10294%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:0.980392%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:9.92647%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"293.8","length":5,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.10294%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:10.9069%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(21","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.47059%;min-width:1%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income","length":10,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"51.2","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"114.8","length":5,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(55","length":3,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income per Diluted Share","length":28,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"0.91","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"2.06","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(56","length":3,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Net Income (2) ","length":22,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"60.4","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"76.2","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(21","length":3,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Net Income per Diluted Share (2) ","length":40,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1.06","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1.37","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(23","length":3,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted EBITDA (2) ","length":18,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"87.8","length":4,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"105.3","length":5,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(17","length":3,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income Margin","length":17,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"22","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"39","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted EBITDA Margin (2) ","length":25,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"38","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"36","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Gross Margin %","length":14,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"54","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"51","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Gross Margin % (2) ","length":26,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"61","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"59","length":2,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":552},{"type":"text","content":" Year to Date ("YTD") 2025 vs YTD 2024 ","length":47,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions, except per share amounts) ","length":41,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2025 ","length":8,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" YTD 2024 ","length":8,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Total Revenues","length":14,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"594.2","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"848.9","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(30","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:64%;width:64%;min-width:64%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income (Loss)","length":17,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"107.2","length":5,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(159.3","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"167","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income (Loss) per Diluted Share","length":35,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1.89","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(3.03","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"162","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Net Income (Loss) (2) ","length":29,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"109.6","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(14.7","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"846","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Net Income (Loss) per Diluted Share (2) ","length":47,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1.93","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(0.28","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"787","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted EBITDA (2) ","length":18,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"193.9","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"162.1","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"20","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Net Income (Loss) Margin","length":24,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"18","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(19) %","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted EBITDA Margin (2) ","length":25,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"33","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"19","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Gross Margin %","length":14,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"48","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"26","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Adjusted Gross Margin % (2) ","length":26,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"57","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"46","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":548},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"text","content":" RECENT BUSINESS UPDATES ","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Received $29 Million in MCM product orders from international government partner","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Secured $17 Million contract modification for Oral Suspension TEMBEXA ® (brincidofovir)","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Secured $56 Million contract modification for ACAM2000 ® (Smallpox and Mpox (Vaccinia) Vaccine, Live)","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Secured $30 Million contract modification for CYFENDUS ® (Anthrax Vaccine Adsorbed, Adjuvanted)","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Secured $52 Million contract modification award for CNJ-016 ® (Vaccinia Immune Globulin Intravenous, Human (VIGIV))","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Updated proprietary distribution platform, NARCANDirect ® , to offer KLOXXADO® Nasal Spray 8 mg and Convenience Kits","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Recognized multiple naloxone awareness days throughout the quarter, and applauded the over-the-counter availability of naloxone in U.S. House of Representatives buildings","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"New Publication in Expert Review of Anti-infective Therapy Evaluates Brincidofovir as Potential Antiviral Treatment for Mpox ","length":124,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":882,"olType":false},{"type":"readMore"},{"type":"text","content":" THIRD QUARTER 2025 FINANCIAL PERFORMANCE (1) ","length":44,"tagName":"p"},{"type":"text","content":" Revenues ","length":8,"tagName":"p"},{"type":"text","content":"The Company uses the following categories in discussing revenues:","length":65,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Naloxone — comprises contributions from NARCAN ® Nasal Spray and KLOXXADO ® Nasal Spray","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":" Anthrax MCM — comprises contributions from CYFENDUS ® , previously known as AV7909, BioThrax ® , Anthrasil ® and Raxibacumab","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":" Smallpox MCM — comprises contributions from ACAM2000 ® , CNJ-016 ® (VIGIV) and TEMBEXA ® ","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":" Other Products — comprises contributions from BAT ® and RSDL ® (3) ","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":" All Other Revenues — comprises revenues from the Services operating segment and contracts and grants revenues ","length":109,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":461,"olType":false},{"type":"table","headerItems":[],"items":[{"val":[{"style":"padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions) ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2025 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2024 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Product sales, net: (4) ","length":22,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:15.0px;","val":[{"type":"text","content":"Naloxone","length":8,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"74.9","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"95.3","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(21","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:15.0px;","val":[{"type":"text","content":"Anthrax MCM","length":11,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1.4","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"11.4","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(88","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:15.0px;","val":[{"type":"text","content":"Smallpox MCM","length":12,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"83.6","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"132.7","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(37","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:15.0px;","val":[{"type":"text","content":"Other Products","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"57.5","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"30.1","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"91","length":2,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:25.0px;","val":[{"type":"text","content":" Total Product sales, net ","length":24,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"217.4","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"269.5","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(19","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" All other revenues ","length":18,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"13.7","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"24.3","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(44","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-bottom:solid black 1pt;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-bottom:solid black 1pt;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:25.0px;","val":[{"type":"text","content":" Total revenues ","length":14,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"231.1","length":5,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"293.8","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(21","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]}],"length":363},{"type":"text","content":" Product Sales, net (4) ","length":22,"tagName":"p"},{"type":"text","content":" Naloxone ","length":8,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from Naloxone products decreased $20.4 million, or 21%, as compared with Q3 2024. The decrease was primarily driven by lower sales of OTC NARCAN ® and lower Canadian sales of branded NARCAN ® , primarily driven by an unfavorable price and volume mix, partially offset by an increase in KLOXXADO ® sales.","length":321,"tagName":"p"},{"type":"text","content":" Anthrax MCM ","length":11,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from Anthrax MCM products decreased $10.0 million, or 88%, as compared with Q3 2024. The decrease primarily reflects the impact of timing of USG sales of BioThrax ® as well as timing of international sales of CYFENDUS ® in the prior year period. Anthrax vaccine product sales are primarily made under annual purchase options exercised by the U.S. Government ("USG"). Fluctuations in revenues result from the timing of the exercise of annual purchase options, the timing of USG purchases, the availability of governmental funding and Company delivery of orders that follow.","length":602,"tagName":"p"},{"type":"text","content":" Smallpox MCM ","length":12,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from Smallpox MCM products decreased $49.1 million, or 37%, as compared with Q3 2024. The decrease was primarily due to lower USG ACAM2000 ® and CNJ-016 ® (VIGIV) sales due to timing, partially offset by an increase in international CNJ-016 ® (VIGIV), ACAM2000 ® , and TEMBEXA ® sales. Fluctuations in revenues from Smallpox MCM result from the timing of the exercise of annual purchase options in the existing procurement contracts, the timing of USG purchases, the availability of governmental funding and Company delivery of orders that follow.","length":568,"tagName":"p"},{"type":"text","content":" Other Products ","length":14,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from Other Product sales increased $27.4 million, or 91%, as compared with Q3 2024. The increase was primarily due to higher USG BAT ® sales due to timing, partially offset by a decrease in international sales orders.","length":243,"tagName":"p"},{"type":"text","content":" All Other Revenues ","length":18,"tagName":"p"},{"type":"text","content":" Services ","length":8,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from Services decreased $9.7 million, or 68%, as compared with Q3 2024. The decrease was primarily attributable to the decrease in revenue from the Company’s Camden facility in the current year period, which was sold to Bora Pharmaceuticals in the third quarter of 2024, partially offset by an increase in production at the Company's Winnipeg facility.","length":383,"tagName":"p"},{"type":"text","content":" Contracts and Grants ","length":20,"tagName":"p"},{"type":"text","content":"For Q3 2025, revenues from contracts and grants decreased $0.9 million, or 9%, as compared with Q3 2024. The decrease was due to declines in overall funded R&D projects, partially offset by an increase in development work in connection with Ebanga™.","length":253,"tagName":"p"},{"type":"text","content":" Operating Expenses ","length":18,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions) ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2025 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2024 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:64%;width:64%;min-width:64%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Cost of product and services sales, net","length":39,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"85.9","length":4,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"122.6","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(30","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Research and development (“R&D”)","length":36,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"13.5","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"13.8","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(2","length":2,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Selling, general and administrative (“SG&A”)","length":48,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"38.9","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"76.6","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(49","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Amortization of intangible assets","length":33,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"16.3","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"16.3","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"—","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:25.0px;","val":[{"type":"text","content":" Total operating expenses ","length":24,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"154.6","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"229.3","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(33","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]}],"length":321},{"type":"text","content":" Cost of Product and Services Sales, Net ","length":39,"tagName":"p"},{"type":"text","content":"For Q3 2025, cost of product and services sales, net decreased $36.7 million, or 30%, as compared with Q3 2024. The decrease was driven by decreases in cost of Services of $16.2 million, cost of MCM Product sales of $15.9 million and cost of Commercial Product sales of $4.6 million.","length":303,"tagName":"p"},{"type":"text","content":" Research and Development Expenses ","length":33,"tagName":"p"},{"type":"text","content":"For Q3 2025, R&D expenses decreased $0.3 million, or 2% as compared with Q3 2024. The decrease was primarily due to decreases in overhead and severance related costs, partially offset by an increase in unfunded R&D project spend and in Ebanga™ related development work.","length":282,"tagName":"p"},{"type":"text","content":" Selling, General and Administrative Expenses ","length":44,"tagName":"p"},{"type":"text","content":"For Q3 2025, SG&A expenses decreased $37.7 million, or 49%, as compared with Q3 2024. The decrease was primarily due to the absence of a one-time expense of $10.0 million recognized in the prior year period and the receipt of a one-time reimbursement of $10.5 million in the current year period related to settlements of our securities and shareholder litigation matters. These non-recurring items were coupled with decreases in compensation and other employee related expenses as a result of the restructuring initiatives that began during the first quarter of 2023, and lower marketing, professional services and legal expenses.","length":649,"tagName":"p"},{"type":"text","content":" ADDITIONAL FINANCIAL INFORMATION (1) ","length":35,"tagName":"p"},{"type":"text","content":" Capital Expenditures ","length":20,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions) ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"width:12.0098%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2025 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"width:12.0098%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Q3 2024 ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"width:12.3775%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:64%;width:63.4804%;min-width:64%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Capital expenditures","length":20,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:0.980392%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:9.92647%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"3.4","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.10294%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:0.980392%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:9.92647%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"5.8","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.10294%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:10.9069%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(41","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1.47059%;min-width:1%;padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"width:63.4804%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Capital expenditures as a % of total revenues","length":45,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"1","length":1,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:0.980392%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:9.92647%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"2","length":1,"tagName":"p","attribs":{}}]},{"style":"width:1.10294%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"width:10.9069%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"width:1.47059%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":144},{"type":"text","content":" For Q3 2025, capital expenditures decreased largely due to lower development activities across the Company’s facilities.","length":120,"tagName":"p"},{"type":"text","content":" REPORTABLE SEGMENT INFORMATION ","length":30,"tagName":"p"},{"type":"text","content":"The Company manages the business with a focus on three operating segments: (1) a Commercial Products segment consisting of NARCAN ® Nasal Spray and KLOXXADO ® Nasal Spray, which product is currently being integrated into our distribution network, NARCANDirect ® ; (2) a MCM Products segment consisting of Anthrax - MCM, Smallpox - MCM and Other products and (3) a services segment consisting of our Bioservices offerings (“Services”). Commercial Products and MCM Products are our two reportable segments. In the first quarter of 2025, the Company’s determined that its Services operating segment no longer meets the quantitative thresholds of a reportable segment and did not meet the aggregation criteria set forth in Accounting Standards Codification 280, Segment Reporting, and as such is categorized within “All other revenues” along with “Contracts and Grants”. The Company evaluates the performance of these reportable segments based on revenues and segment adjusted gross margin, which is a non-GAAP financial measure. Segment revenue includes external customer sales, but does not include inter-segment services. The Company does not allocate contracts and grants revenue, R&D, SG&A, amortization of intangible assets, interest and other income (expense) or taxes to its evaluation of the performance of these segments.","length":1331,"tagName":"p"},{"type":"text","content":" THIRD QUARTER 2025 REPORTABLE SEGMENT RESULTS ","length":45,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"rowspan":"3","style":"padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions) ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"11","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Commercial Products ","length":19,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"11","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Quarter Ended September 30, ","length":27,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" 2025 ","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" 2024 ","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" $ Change ","length":8,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" % Change ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Revenues ","length":8,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"74.9","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"95.3","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(20.4","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(21","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Cost of sales ","length":13,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"42.6","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"47.2","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(4.6","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(10","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:52%;width:52%;min-width:52%;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Intangible asset amortization ","length":29,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"9.4","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"9.4","length":3,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"—","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:11%;width:11%;min-width:11%;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"—","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Gross margin **","length":14,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"22.9","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"38.7","length":4,"tagName":"p","attribs":{}}]},{"style":"border-bottom:double black 3pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(15.8","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(41","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Gross margin % **","length":16,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"31","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"41","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Add back:","length":9,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:middle;text-align:left;padding-left:15.0px;","val":[{"type":"text","content":"Intangible asset amortization","length":29,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"9.4","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"9.4","length":3,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"—","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"—","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Segment adjusted gross margin (2) ","length":32,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"32.3","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"48.1","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:double black 3pt;text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(15.8","length":5,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":")","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"(33","length":3,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":")%","length":2,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" Segment adjusted gross margin % (2) ","length":34,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"43","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"50","length":2,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"12","style":"text-align:justify;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"** Gross margin is calculated as revenues less cost of sales and intangible asset amortization. Gross margin % is calculated as gross margin divided by revenues.","length":161,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"12","style":"text-align:justify;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"NM - Not Meaningful","length":19,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"12","val":[{"type":"text","content":" ","length":6,"tagName":"p"}]}]}],"length":842},{"type":"text","content":"Cost of Commercial Product sales decreased $4.6 million, or 10%, to $42.6 million for the quarter ended September 30, 2025. The decrease was primarily due to lower sales of OTC NARCAN ® and lower Canadian sales of branded NARCAN ® , partially offset by an increase in KLOXXADO ® sales","length":290,"tagName":"p"},{"type":"text","content":"Commercial Products gross margin decreased $15.8 million, or 41%, to $22.9 million for the quarter ended September 30, 2025. Commercial Products gross margin percentage decreased 10 percentage points to 31% for the quarter ended September 30, 2025. The decrease was largely due to lower sales of OTC NARCAN ® and lower branded NARCAN ® sales, as well as an unfavorable price and volume mix, partially offset by an increase in KLOXXADO ® sales. Commercial Products segment adjusted gross margin in the current year period excludes the impact of intangible asset amortization of $9.4 million.","length":602,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"rowspan":"3","style":"padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ($ in millions) ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"11","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" MCM Products ","length":12,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"11","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" Quarter Ended September 30, ","length":27,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" 2025 ","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:right;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"padding-left:0;padding-right:0;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" 2024 ","length":4,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" $ Change ","length":8,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;padding-left:0;padding-right:0;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","cont...

View stock analysis, news, and events for Emergent Biosolutions Inc.