Emergent BioSolutions Inc.

2024      ANNUAL REPORT
PREPAREDNESS TODAY, SAFER TOMORROW.

Dear fellow shareholders,
When I joined Emergent in February 2024, we embarked on a multi-year plan to stabilize, turnaround, 
and ultimately transform our business. I am proud to say our stabilization phase was completed 
this past fall, ahead of schedule, thanks to the dedication and commitment of our entire team.
Our strategic stabilization plan included strengthening the balance sheet and substantially  
reducing debt to allow for focused, profitable growth around business lines built to compete  
in today’s competitive landscape. Additionally, we implemented a leaner, more flexible  
organization by streamlining our manufacturing network, including several asset divestitures.
With these actions behind us, I believe Emergent has a strong foundation, momentum,  
and freedom to operate through our turnaround, the next phase of our multi-year plan. 
In 2024, several important product milestones were successfully achieved, including:  
• FDA approval of ACAM2000® (Smallpox and Mpox (Vaccinia) Vaccine, Live) for the prevention 
of mpox disease in individuals determined to be at high risk for mpox infection as the public 
health outbreak hits Africa and other regions.
• Secured a number of U.S. government contracts for our medical countermeasures business, 
reinforcing the longstanding partnership between Emergent and the U.S. government to meet 
the country’s preparedness needs. 
• Distributed 11 million cartons (includes 2 doses) of NARCAN® Nasal Spray 4 mg to customers 
and patients across the U.S. and Canada. 
• Roughly one year after NARCAN® Nasal Spray became the first FDA-approved over-the-counter 
naloxone nasal spray, the CDC reported the first annual decrease of opioid overdose deaths 
since 2018.1 
• Opened a new West Coast distribution center as part of our best-in-class NARCANDirect™ 
distribution network, deepening our value proposition for public interest customers. 
• Implemented actions to further broaden over-the-counter access of NARCAN® Nasal Spray 
through retailers, public places, businesses, and workplaces.
Our products play a direct role in helping communities prepare for today’s health challenges and 
tomorrow’s threats. Emergent’s 2024 results and outlook for 2025 demonstrate our ability to adapt 
and evolve our business, take on new challenges, and innovate to address future urgent health 
crises. We remain optimistic in our future and aspire to be the leader in solving public health 
threats for communities around the world as we carry out our mission to protect and save lives.
We look forward to a strong 2025 and beyond. 
 
JOE PAPA 
President and CEO
1  Centers for Disease Control and Prevention. U.S. Overdose Deaths Decrease in 2023, First Time Since 2018. May 15, 2024. 
https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2024/20240515.htm. Accessed September 26, 2024.
WE’RE 
PREPARING FOR 
TOMORROW BY 
TRANSFORMING 
OUR COMPANY 
TODAY

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EXECUTIVE OFFICERS 
BOARD OF DIRECTORS
CORPORATE HEADQUARTERS 
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
INVESTOR RELATIONS
STOCK TRANSFER AGENT AND REGISTRAR 
ANNUAL MEETING
MARKET INFORMATION 
CORPORATE GOVERNANCE
Investors with questions concerning account
information, new certificate issuances, lost or
stolen certificate replacement, securities
transfers, or the processing of a change of
address should contact: 
. 
Our chief executive officer intends to submit his
annual chief executive officer certification to the New
York Stock Exchange within 30 days of the date of our
Annual Meeting of Stockholders in accordance with
the New York Stock Exchange listing requirements.
Emergent BioSolutions Inc. is strongly committed to
the highest standards of ethical conduct and
corporate governance. Our Board of Directors has
adopted Corporate Governance Guidelines, along with
the charters of the Board Committees and a Code of
Conduct and Business Ethics for directors, officers
and employees, all of which are available on the
company’s website at www.emergentbiosolutions.com.  
Additional copies of the company’s Form 10-K
for the year ended December 31, 2024 of the
exhibits thereto, are available without charge
upon written request to Investor Relations,
Emergent BioSolutions Inc., 300 Professional
Drive, Gaithersburg, MD 20879, or by calling
(240) 631-3200, or accessing the company's
website at www.emergentbiosolutions.com. 
Broadridge Corporate Issuer Solutions, Inc. 
*All titles are as of 3/21/2025
Joseph Papa
President, CEO and Director
Richard Lindahl
Executive Vice President, Chief Financial
Officer and Treasurer
Coleen Glessner
Executive Vice President, Quality and
Ethics and Compliance
Jessica Perl
Senior Vice President, General Counsel
and Corporate Secretary
William Hartzel
Senior Vice President, Manufacturing
and Bioservices
Paul Williams
Senior Vice President, Products Business
Simon Lowry
Senior Vice President, Chief Medical Officer, Head
of Research and Development
Stephanie Duatschek
Senior Vice President and Chief Strategy and
Transformation Officer
Michelle Pepin
Senior Vice President and Chief Human
Resources Officer
Zsolt Harsanyi, Ph.D.
Independent Director, Chairman of the Board
Former Chief Executive Officer and Chairman of the
Board, Exponential Biotherapies Inc.
Audit and Finance Committee Member
Quality, Compliance, Manufacturing and Risk
Management Committee Member 
Scientific Review Committee Member 
Neal Fowler 
Independent Director
Chief Executive Officer of Pathalys Pharma, Inc. 
Audit and Finance Committee Member
Scientific Review Committee Member 
Louis W. Sullivan, M.D. 
Independent Director 
President Emeritus, Morehouse School of Medicine; 
Former Secretary, Department of Health and Human
Services
Chair, Compensation Committee
Nominating and Corporate Governance
Committee Member
Sujata Dayal
Independent Director
Former Vice President and Global Chief Compliance
Officer, Medline Industries, Inc. 
Chair, Quality, Compliance, Manufacturing and
Risk Management Committee 
Special Transactions Committee Member 
Keith Katkin
Independent Director
Former Chief Executive Officer, Urovant
Sciences Ltd. 
Chair, Special Transactions Committee 
Compensation Committee Member 
Nominating and Corporate Governance
Committee Member 
Marvin White
Independent Director
President and Chief Executive Officer, Aptevo
Therapeutics Inc.
Chair, Audit and Finance Committee 
Scientific Review Committee Member 
Special Transactions Committee Member 
Donald DeGolyer
Independent Director
Founder, and Former Chief Executive Officer and
Director of Vertice Pharma (a Warburg Pincus
company) 
Compensation Committee Member 
Special Transactions Committee Member 
Ronald B. Richard
Independent Director
Former President and Chief Executive Officer,
The Cleveland Foundation 
Chair, Nominating and Corporate Governance
Committee 
Compensation Committee Member 
Kathryn C. Zoon, Ph.D. 
Independent Director
Scientist Emeritus, National Institute of Allergy and
Infectious Diseases at the National Institutes of
Health
Chair, Scientific Review Committee 
Nominating and Corporate Governance
Committee Member 
Quality, Compliance, Manufacturing and Risk
Management Committee Member 
300 Professional Drive 
Gaithersburg, MD 20879 
Tel: 240-631-3200 
Fax: 240-631-3203 
Ernst & Young LLP, McLean, VA, United States 
P.O. Box 1342 
Brentwood, NY 11717 
1-877-830-4936 or 1-720-378-5591 
Shareholder@broadridge.com
 
Richard Lindahl 
Executive Vice President, Chief Financial Officer 
(240) 631-3360 
Lindahlr@ebsi.com
 
Emergent BioSolutions Inc.’s common stock
trades on the New York Stock Exchange under
the trading symbol "EBS." 
The annual meeting of Emergent BioSolutions Inc.
will be held in virtual format via live audio webcast on
April 30, 2025 at 9:00 a.m. Eastern Time.
Stockholders can attend the meeting online at
www.virtualshareholdermeeting.com/EBS2025

300 Professional Drive,  
Gaithersburg, Maryland 20879 USA
emergentbiosolutions.com