On TV.com: THE GIRLS NEXT DOOR photos

Emergent Biosolutions Q3 2007 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2007-11-02 16:18:26.0

Tags: Emergent Biosolutions

Question-and-Answer Session

Operator

(Operator Instructions) And our first question comes from the line of Gene Mack with HSBC Securities. Please proceed.

Gene Mack - HSBC Securities

Thanks. Fuad, I wonder if you could just give a little more detail on. I mean I guess if I do the back calculation, I think I come up with about -- again took consideration of discount something like 2.5 million doses delivered.

Can you just give us an idea of how many doses were delivered to HHS, how many you'll deliver by year-end and what's left in inventory right now?

Fuad El-Hibri

Well, the delivery schedule is one thing that we do not disclose. All I can say is that we are on track with delivering, I would say, at least 6 million doses by year-end.

Gene Mack - HSBC Securities

Okay. And can you just comment on how much is in inventory right now?

Fuad El-Hibri

That's also something that I'm sorry I can't comment on.

Gene Mack - HSBC Securities

Okay. Can you give us a little bit more detail on what the operational requirement is for DoD on sort of an annual basis or what ballpark number of doses that might amount to?

Fuad El-Hibri

Again, when you look at the historic requirements over the last few years, you'll see that it has been somewhere between 1.5 million to 2 million doses a year.

As recent as some discussions we had very recently, DoD confirmed that that requirement stands. So I can say with some confidence that 1.5 million to 2 million doses is not an unreasonable expectation going forward annually.

Gene Mack - HSBC Securities

Is it safe to say that the mandatory injections haven't necessarily raised that requirement just yet?

Fuad El-Hibri

Well, there are lot of moving pieces. One is the nature of the immunization program, whether it is mandatory or voluntary. Then also in what arenas are we actively engaged. And then also the rotation strategy of military personnel in and out of these theaters.

So, there's really a lot of variables that affect the exact requirement. But if you look back and from what we've heard looking forward, I believe that 1.5 million to 2 million is a very reasonable range.

Gene Mack - HSBC Securities

Okay. I've got more questions, but I'll jump back in the queue.

Fuad El-Hibri

Thank you, Gene.

Operator

Our next question comes from the line of Richard Smith with JPMorgan. Please proceed.

TalkbackShare your ideas and expertise on this topic
What do you think?
The following tags are supported in BNET comments: <b></b> <i></i> <u></u> <pre></pre>
You are currently a guest | Login?
advertisement
Recommended Business Articles
advertisement