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Stock impact report

Emergent BioSolutions to Acquire PaxVax from Cerberus Capital Management

Emergent Biosolutions, Inc. (EBS) 
Last emergent biosolutions, inc. earnings: 4/30 04:08 pm Check Earnings Report
US:NYSE Investor Relations: investors.emergentbiosolutions.com
Company Research Source: PR Newswire
REDWOOD CITY, Calif., Aug. 9, 2018 /PRNewswire/ -- PaxVax today announced that it has entered into a definitive agreement to be acquired by Emergent BioSolutions (NYSE: EBS) ("Emergent"). PaxVax is majority owned by an affiliate of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing, and Ignition Growth Capital is a minority shareholder in the company.The agreement will create a global leader with a significant focus on protecting against emerging and overlooked infectious diseases through the development and commercialization of novel specialty vaccines, while ensuring uninterrupted supply of Vaxchora® and Vivotif®."We are very pleased to unite two companies with a shared mission --- protecting civilian and military populations with innovative vaccines addressing a broad range of public health threats," stated Nima Farzan, Chief Executive Officer and President of PaxVax. "Bringing together PaxVax's rich portfolio of commercialized vaccines and rob Show less Read more
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