Insights

Why Emergent BioSolutions Stock Is Jumping This Week

What happened

Shares of Emergent BioSolutions (NYSE: EBS) were jumping 14.6% this week as of the market close on Thursday, according to data provided by S&P Global Market Intelligence. The stock’s momentum began after the World Health Organization (WHO) director-general declared the global monkeypox outbreak as a Public Health Emergency of International Concern (PHEIC) on July 23. 

Emergent BioSolutions markets smallpox vaccine ACAM2000, which can also be used to provide protection against infection by the virus that causes monkeypox. In addition, the company announced in May that it plans to acquire Chimerix (NASDAQ: CMRX), the maker of smallpox antiviral therapy Tembexa. The drug can also be used to treat monkeypox. 

So what

So far, more than 18,000 monkeypox cases have been reported in 78 countries. Roughly 10% of cases have required patients to be admitted to hospitals. Governments around the world have taken steps to prevent the spread of the virus. 

Emergent BioSolutions isn’t the only healthcare stock that has risen because of the monkeypox outbreak. Shares of Bavarian Nordic and Siga Technologies have especially taken off in recent months. Bavarian Nordic makes monkeypox vaccine Jynneos, while Siga markets oral smallpox therapy Tpoxx, which can also be used in treating monkeypox.

However, Emergent BioSolutions’ sales of smallpox vaccine ACAM2000 still are likely to increase with the global spread of monkeypox. The company reported $14.4 million in sales for the vaccine in the first quarter of 2022.

Now what

Investors should find out soon what impact the monkeypox outbreak is having on Emergent BioSolutions. The company provides its second-quarter update on Aug. 1, 2022. 

Keith Speights has no position in any of the stocks mentioned. The Motley Fool recommends Emergent BioSolutions. The Motley Fool has a disclosure policy.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info