By Stephen Nakrosis
Emergent BioSolutions shares rose in late trading Tuesday after the company said it received a $51.9 million government contract modification as part of the U. S. Department of Health and Human Services' smallpox preparedness.
About an hour after the closing bell, shares of Emergent were trading 6.4% higher, at $7.31. The company's shares ended the day's regular session at $6.87, a gain of 3.7%.
The Administration for Strategic Preparedness and Response, part of the HHS, exercised an option on an existing 10-year contract to procure additional doses of VIGIV, a treatment for complications from smallpox vaccination, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 08, 2025 17:13 ET (21:13 GMT)
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