Emergent BioSolutions Buys Protein Sciences for $78M

5/27/08Follow @gthuang

Emergent BioSolutions, based in Rockville, MD, announced today an agreement to acquire the assets and operations of Meriden, CT-based Protein Sciences, a maker of flu vaccines, in a deal worth up to $78 million. Emergent will pay up to $28 million in cash, $20 million in stock, and up to $30 million for commercialization milestones and sales of Protein Sciences’ FluBlok vaccine.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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