EXHIBIT 99

EMERGENT BIOSOLUTIONS REPORTS FOURTH QUARTER AND TWELVE MONTHS 2016 FINANCIAL RESULTS; REAFFIRMS 2017 GUIDANCE AND PROVIDES 2020 GOALS

GAITHERSBURG, MD, February 23, 2017
—Emergent BioSolutions Inc. (NYSE: EBS) reported financial results for the quarter and twelve months ended December 31, 2016.

2016 FINANCIAL HIGHLIGHTS (1) (2)
 
4Q 2016
   
CY 2016
 
(in millions)
 
Combined & Continuing Operations Basis
   
Combined
Basis
   
Continuing Operations
Basis
 
Total Revenues
 
$
151.7
   
$
510.2
   
$
488.8
 
Net Income
 
$
32.3
   
$
51.8
   
$
62.5
 
Adjusted Net Income (3)
 
$
36.6
   
$
73.1
   
$
77.5
 
EBITDA (3)
 
$
61.3
   
$
111.5
   
$
141.7
 

(1)
The presentation of Emergent's financial performance using the "Combined Basis" method includes the impact of the operations associated with the Company's former biosciences business which was spun-off into a separate publicly traded company, Aptevo Therapeutics Inc., on August 1, 2016. The presentation of Emergent's financial performance using the "Continuing Operations Basis" method excludes the impact of the operations of Aptevo.

(2)  See "Reconciliation of Statement of Operations" for a reconciliation of the Company's Statement of Operations for the Three and Twelve Months Ended December 31, 2016 on a continuing operations basis to that on a combined basis.

(3)  See "Reconciliation of Net Income to Adjusted Net Income and EBITDA" for a definition of terms and a reconciliation table.

2016 BUSINESS ACCOMPLISHMENTS
·
Signed a follow-on contract with the Centers for Disease Control and Prevention (CDC) to supply approximately 29.4 million doses of BioThrax® (Anthrax Vaccine Adsorbed) to the Strategic National Stockpile (SNS) through September 2021, valued at up to $911 million
·
Signed a five-year contract with the Biomedical Advanced Research and Development Authority (BARDA) for advanced development and procurement of NuThrax™ (anthrax vaccine adsorbed with CPG 7909 adjuvant), the Company's next generation anthrax vaccine candidate, valued at up to $1.6 billion
·
Received a Sole Source Notification issued by BARDA for the procurement of approximately $100 million of BioThrax for delivery into the SNS within 24 months from the date of contract award
·
Achieved U.S. Food and Drug Administration (FDA) licensure for large-scale manufacturing of BioThrax in Building 55
·
Completed the spin-off of Aptevo Therapeutics Inc.

2016 FINANCIAL PERFORMANCE
Note: The following discussion of Emergent's year to date and quarter ended December 31, 2016 unaudited, financial performance is on a Continuing Operations Basis.

(I) Quarter Ended December 31, 2016

Revenues

Product Sales
For Q4 2016, product sales were $87.5 million, a decrease of 30% as compared to 2015. The decrease is principally attributable to lower BioThrax deliveries under the Company's new contract with the CDC, signed in December 2016.


The following information was filed by Emergent Biosolutions Inc. (EBS) on Thursday, February 23, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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