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Emergent BioSolutions Inc. (EBS) CEO & Chairman, 10% Owner Fuad El-hibri sells 15,000 Shares

August 14th, 2009 admin No comments

CEO & Chairman, 10% Owner of Emergent BioSolutions Inc. (EBS) Fuad El-hibri sells 15,000 shares of EBS on 08/11/2009 at an average price of $16.78 a share.

EMERGENT BIOSULUTIONS INC. is a leading biopharmaceutical company dedicated to one simple mission – to protect life. EBS develops manufactures and commercializes vaccines and therapeutics that assist the body\’s immune system to prevent or treat disease. Their products target infectious diseases and other medical conditions that have resulted in significant unmet or underserved public health needs. Their marketed product BioThrax? (Anthrax Vaccine Adsorbed) is the only vaccine approved by the U.S. Food and Drug Administration for the prevention of anthrax infection. Emergent BioSolutions Inc. has a market cap of $511.8 million; its shares were traded at around $16.91 with a P/E ratio of 13.1 and P/S ratio of 2.8.

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Emergent BioSolutions Inc., Q2 2009 Earnings Call Transcript

August 14th, 2009 admin No comments

Emergent BioSolutions Inc., (EBS)

Q2 2009 Earnings Call

August 6, 2009 5:00 pm ET

Executives

Robert G. Burrows – Vice President, Investor Relations

Fuad El-HibriChairman of the Board, Chief Executive Officer

R. Don Elsey – Chief Financial Officer

Daniel J. Abdun-Nabi – President, Chief Operating Officer

W. James Jackson, Ph.D. – Senior Vice President and Chief Scientific Officer

Analysts

Eric Schmidt – Cowen & Company

David Moskowitz – Caris & Company

Mona Ashiya – J.P. Morgan

Sean Long – Kennedy Capital Management

Presentation

Operator

Welcome to the Emergent BioSolutions Incorporated second quarter 2009 financial results conference call. (Operator Instructions) I would now like to turn the call over to Mr. Robert Burrows.

Robert Burrows

Good afternoon ladies and gentlemen. My name is Robert Burrows, Vice President of Investor Relations for Emergent. Thank you for joining us today as we discuss Emergent BioSolutions financial results for the second quarter and first six months of 2009. As is customary, our call today is open to all participants. In addition, the call is being recorded and is copyrighted by Emergent BioSolutions.

Joining me on the call this afternoon will be Fuad El-Hibri, Chairman and Chief Executive Officer, and Don Elsey, Chief Financial Officer. Additional members of our senior management team will be present on the call for purposes of the Q&A session.

Before we begin, however, I am compelled to remind everyone that during the all management may make projections and other forward-looking statements regarding future events and the company’s prospects or future performance. These forward-looking statements reflect Emergent’s current perspective on existing trends and information. Any such forward-looking statements are not guarantees of future performance and involve substantial risks and uncertainties. Actual results may differ materially from those projected in any forward-looking statements.

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Board expands with Election of Fuad El-Hibri

June 22nd, 2009 admin No comments

NHM Chairman Louis Sullivan, MD, has announced the election of biotechnology executive Fuad El-Hibri, physician and public health expert Margaret A. Hamburg, MD, and technology entrepreneur James M. Philips to the NHM Board of Trustees for three-year terms of service. Fuad El-Hibri on National Health Museum, WASHINGTON— September 3, 2007.

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Fuad
El-Hibri

Margaret Hamburg

James
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“As we continue working toward our goal of an institution that will serve as a global information platform, we celebrate the election of three new board members who have each made key contributions to the creation of a healthier and safer world,” said Sullivan.

“Through his leadership in the field of biotechnology, Fuad El-Hibri is helping develop strategies to address serious threats to global health security.  Throughout a distinguished career in public service, Peggy Hamburg has focused her considerable intellect and medical training on similar concerns as well as a range of other pressing health policy issues.  And from his position at the vanguard of the information technology revolution, Jim Phillips has helped successfully launch companies and institutions that are improving our ability to connect, communicate and heal.

“We are proud to have earned the active interest and support of Fuad, Peggy and Jim and look forward to drawing extensively upon their experience and expertise as our efforts to develop NHM proceed,” said Sullivan.

Fuad El-Hibri, CEO and Chairman, Emergent Biosolutions

Fuad El-Hibri leads Emergent Biosolutions, a Maryland-based biotechnology company focused on the development, manufacture and commercialization of immunobiotics.  The company operates in two business segments: biodefense and commercial. In its biodefense business, Emergent develops and commercializes immunobiotics for use against biological agents that are potential weapons of bioterrorism. In its commercial business, the company develops immunobiotics for use against infectious diseases with significant unmet or underserved medical needs.

El-Hibri served as chief executive officer and chairman of the board of directors of BioPort Corporation from 1998 until 2004, when BioPort became a subsidiary of Emergent.  He also served as chairman of Digicel Holdings, Ltd., a privately held cellular telecommunications firm, from August 2000 to October 2006.  Since 1990, he has also served as chairman of East West Resources Corporation, a venture capital and financial consulting firm.

He is a member of the board of trustees of American University and a member of the board of directors of the International Biomedical Research Alliance, an academic joint venture among NIH, Oxford University and Cambridge University. He also serves as chairman and treasurer of El-Hibri Charitable Foundation which has contributed to a variety of international development projects, including a children’s orphanage in Lebanon.  He holds a master’s degree in public and private management from Yale University and a B.A. in economics from Stanford University.

Margaret A. Hamburg, MD, Senior Scientist, Global Health and Security Initiative, NTI

One of the youngest people ever elected to the Institute of Medicine of the National Academy of Sciences, Dr. Margaret “Peggy” Hamburg is a highly regarded expert in community health and bio-defense, including preparedness for nuclear, biological, and chemical threats.  She currently serves as Senior Scientist for the Global Health and Security Initiative of the Nuclear Threat Initiative, a foundation dedicated to reducing the threat to public safety from nuclear, chemical, and biological weapons.  A graduate of Radcliffe College, she earned her M.D. from Harvard Medical School, and completed her training at the New York Hospital/Cornell University Medical Center.

From 1997 to 2001, Hamburg held the position of Assistant Secretary for Planning and Evaluation, U.S. Department of Health and Human Services (HHS), serving as principal policy advisor to Secretary of Health and Human Services Donna Shalala.  From 1991 to 1997, she served as New York City Health Commissioner, a position in which she designed and implemented an internationally recognized tuberculosis control program that produced dramatic declines in tuberculosis cases, and created the first public health bio-terrorism preparedness program in the nation.  Between 1986 and 1990, she held a variety of positions within HHS, including Special Assistant to the Director, Office of Disease Prevention and Health Promotion; and Special Assistant to the Director, and later Assistant Director, of the National Institute of Allergy & Infectious Diseases at the National Institutes of Health.

A member of the Harvard College Board of Overseers and the Boards of Trustees of Rockefeller University and the Rockefeller Foundation, Hamburg is also a distinguished senior fellow with the Center for Strategic and International Studies, and a fellow of the American Association of the Advancement of Science.  She holds membership in the New York Academy of Medicine, and the Council on Foreign Relations and serves on the board of Henry Schein Company.  She has served on the boards of other organizations, including the New York City Health and Hospitals Corporation, the Nathan Cummings Foundation, the Primary Care Development Corporation, and the Board of Scientific Counselors for the National Center for Infectious Diseases of the Centers for Disease Control and Prevention.

James M. Phillips, Vice Chairman, Luminetx

James “Jim” Phillips’s career has been marked by success at starting and guiding companies through successful initial public offerings and pioneering new technologies into major industry-leading positions – including the PDA, digital cell phone, fixed cellular and internet multimedia.  A classic entrepreneur, Phillips’ began his career with Telecommunications System of America, which was sold to Northern Telecom (Nortel), where Phillips eventually became vice president.  He held subsequent executive positions at SkyTel, which became the nation’s largest messaging company; Telular Corporation, the world’s largest fixed wireless cellular company; and Motorola, where he participated in launching digital cellular and multimedia, bringing cable modem to the market.

Phillips then became Chairman and CEO of IPIX, which produced digital photographs with 360° navigable images that are today widely used on major Web sites.  After taking the company public, he was asked to become involved with the effort to build the FedEx Institute of Technology (FIT), a partnership between Federal Express Corp. and The University of Memphis.  Phillips resigned from IPIX, moved to Memphis and raised $100 million to make FIT a reality.  Information Week has called FIT the technology industry’s “newest center for innovation” and WIRED has compared it to the famous Media Lab at MIT.

After successfully launching FIT, Phillips served as CEO in residence at Morgan Keegan, a Memphis-based investment firm, before raising the capital to launch Luminetx Corporation.  Luminetx produces the VeinViewer, which was named in 2004 by Time as “one of the coolest medical inventions of the year.”  Phillips is Vice Chairman of Luminetx, having previously served as the company’s CEO, president and chairman.  A holder of patents in cell phone, PDA and data modem design, he also serves on a number of boards including the American Museum of Science and Energy, Visio Technologies Corporation, EmergeMemphis, Memphis Biotech Foundation, University of Memphis Fogelman School of Business and Economics, and the Memphis Area Chamber of Commerce.


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Fuad El-Hibri Earnings Call

June 22nd, 2009 admin No comments

Good afternoon everyone. As Fuad mentioned following the close of … timing and the potential opportunity? Fuad El-Hibri Indeed, AIG remains a … or another contract for BioThrax. Fuad El-Hibri Fuad El-Hibri and Emergent BioSolutions Inc. Earnings Call Transcript

… in continued profitability. Finally, as Fuad mentioned, we continue to pursue … upfront versus development versus procurement? Fuad El-Hibri Well, let me first … Have you gone to that? Fuad El-Hibri For competitive reasons, I …

… , and our recombinant trivalent botulinum vaccine. As Fuad mentioned these development contract revenues carry with … a protest. Cory KasimovJPMorgan Right. Okay. Fuad El-Hibri (inaudible). Cory Kasimov – JPMorgan …

Robert Burrows – VP, Corporate Communications Fuad El-Hibri – Chairman and CEO Don … follows Following my brief introduction, Fuad will provide comments on corporate … Company And I take from Fuad’s comments that you’re …

… Robert Burrows – VP, Corporate Communications Fuad El-Hibri – Chairman and CEO Don … the call this morning is Fuad El-Hibri, our Chairman and Chief … sales, not in the quarter-over-quarter. Fuad El-Hibri Yes, that’s absolutely …

… third generation anthrax vaccine, please. Fuad El-Hibri Thank you Richard, I … military for [executive] immunization program. Fuad El-Hibri I guess the best … monopolizing on the time here. Fuad El-Hibri You’re asking some …

… straightforward. Following my brief introduction, Fuad will briefly discuss third quarter … to the discounted price that Fuad indicated earlier. This discounted price … is this a new customer? Fuad El-Hibri What I can disclose …

Fuad El-Hibri remembers Ibrahim Y. El-Hibri

June 21st, 2009 admin No comments

Ibrahim was the beloved husband of Liane El-Hibri and father of Fuad El-Hibri and Samir El-Hibri and Yasmine Gibellini.  He had six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

Businessman and philanthropist Ibrahim Y. El-Hibri passed away on August 23, 2007.

Born in Beirut, Lebanon, on September 8, 1936, Ibrahim became a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in many countries around the world.  In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Ibrahim received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Ibrahim was tireless in his support of children and orphans in Lebanon and other parts of the world.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  The El-Hibri Charitable Foundation will carry on his legacy.

The traditional 4-day memorial service was held for him on November 18, 2007, during which his son, Fuad, delivered remarks about his father’s life and accomplishments.

Mr. El-Hibri was the very first subscriber to Al-Hewar Magazine back in 1989.  We will remain forever grateful to Mr. El-Hibri for his ceaseless encouragement for our efforts over the years.

God bless his soul.

Fuad El-Hibri final remarks Ibrahim El-Hibri memorial

November 18, 2007

Ibrahim El-Hibri MEMORIAL

Fuad El-Hibri REMARKS

Thank you so much, ladies and gentlemen, for attending my father’s memorial tonight.  In the Middle East, it is customary to grieve for 40 days after the passing of a loved one.  This is why we waited until now to hold the memorial for him. — This is the official reason — the practical reason is that we wanted to host the event at the El-Hibri Charitable Foundation here in this building — and as you can see, the building has been undergoing major renovation until Friday – a very close call.

Before we start, I would like to thank Rusty Squire for supervising the recent renovation of this building – also, Bob Smith, President and Zen Hunter-Ishikawa, Director of the Foundation, for managing the logistics for this event.  Last but not least, I would like to thank my sister, Yasmine, for helping organize and coordinate this important event.

Tonight, we want to remember my father – we want to celebrate his life – we want to share stories.  It has been almost three months, and we still cannot believe that he has moved on!

Tonight, we will have 7 speakers, friends and family members who have asked to make a few remarks in his honor.  Since I was given the pleasure to welcome you all, I will start.

As many of you know, my father was an extraordinary man – a successful businessman, a devout Moslem, a generous philanthropist, a loving husband, a family patriarch.  His generosity spanned a wide spectrum – from financial giving – to love, affection, and an unwavering commitment to those he loved.

First, let me tell you about – My father as a successful businessman

He studied electrical engineering in Hanover, Germany as a young man.  After 5 years of education, he joined Philips – at the time, one of the premier telecommunications companies in the world – to pursue a career which turned out to be a monumental success.  Among his remarkable accomplishments:

1. He helped the Saudi Arabian government to build its first nationwide telecommunication network – the largest telecom contract ever signed in the world at that time.
2. He constructed the longest microwave link connecting the Sudan and Saudi Arabia – a deed commemorated by a stamp that was issued in Italy for this project.
3. He built the first GSM mobile network in Russia, now with over 20 million subscribers in the Moscow region alone.

There are many more…  My father had an air about him that mesmerized people – he was bright, formal, respectful, elegant, and extremely charismatic.

He demanded the impossible and actually often succeeded in achieving the impossible.  I witnessed meetings during which he had the power of conviction that left people reeling for many days.

His ability to persuade and persevere – was uncanny.  He was decorated for extraordinary public service by the government of Germany, Lebanon, and Venezuela.

And now – My father as devout Moslem

My father gained his strength and energy from his belief in God.  This spiritual foundation enabled him to consistently project a positive outlook on life and people – it was truly infectious.  I have never seen him depressed or anything short of jovial and excited to be around his family and friends.  My father believed in interfaith and the commonality of the three monolithic religions – stressing similarities rather than differences.

Bringing believers in one God together was one of his primary goals.  He wanted to portray Islam in a manner that it deserves – in an objective, unbiased, and constructive way.  As a believer, he put words into action – he purchased this building and started The El-Hibri Charitable Foundation with one of its main missions focused on interfaith education and integration.

And now – My father as a generous philanthropist

In addition to the Foundation, my father was a great supporter of orphans.  He believed that no child should be left behind – well before our politicians came up with this slogan!

To provide shelter and a home, he constructed and dedicated a building in Beirut that can house, feed, and educate over 200 orphans.

Also, many friends and family members were able to earn advanced degrees from some of the best universities in the US and around the world because of his financial support.  There are many other philanthropic deeds – too many to list them all.  His generosity was endless – and his gifts kept on giving.  His hospitality was boundless, warm, – and emanated deep from his heart.

And now – My father as a loving husband

At the tender age of 22, my father married the love of his life.  It was love at first sight – or should I say bite!  My father used to love giving us ever so gentle bites on our forearms when we were younger.  The ultimate testimony of his steadfast love for my mother is 50 years of marriage.  Always concerned for her well being, my father showered her with gifts, protected her from the less pleasant realities of this world, and allowed my mom to focus her undivided attention to our family.  We children are the true beneficiaries of our father’s love and care for our wonderful mother.

And finally – My father as a family patriarch

As the head of our family, he was an exemplary father, a doting grandfather, a caring eldest brother. Very disciplined and principled in his way, he taught us well and always led by example.

He would light up – with a grin from ear to ear – when family would come to visit him, especially his grandchildren, which he adored so much.

When spending time with his family, he relaxed and radiated exuberance – these moments were clearly the climax of his life.  And – he had a great sense of humor.  My father, who spoke 7 languages fluently, was able to mimic characters from movies and real life – flawlessly.  We would all burst out in laughter.  One of his greatest pleasures, however, was watching Faiza, his then youngest granddaughter, perform.  He was the first to recognize Faiza’s wonderful talent and skill in performing arts and theater.  He would ask her to act over and over again – what joy he derived!  His legacy continues with her.  We miss him sorely.

There is so much more to share and many legacies left behind – but I must allow others to speak.  Thank you, ladies and gentlemen – now I would like to ask Farouk Jabre, a dear friend of my father’s, to come to the podium.

El-Hibri dedication

Businessman and philanthropist Ibrahim Y. El-Hibri passed away on August 23, 2007.

Born in Beirut, Lebanon, on September 8, 1936, Ibrahim became a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in many countries around the world.  In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Ibrahim received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Ibrahim was tireless in his support of children and orphans in Lebanon and other parts of the world.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  The El-Hibri Charitable Foundation will carry on his legacy.

Ibrahim was the beloved husband of Liane El-Hibri and father of Fuad and Samir El-Hibri and Yasmine Gibellini.  He had six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

The traditional 4-day memorial service was held for him on November 18, 2007, during which his son, Fuad, delivered remarks about his father’s life and accomplishments.

Mr. El-Hibri was the very first subscriber to Al-Hewar Magazine back in 1989.  We will remain forever grateful to Mr. El-Hibri for his ceaseless encouragement for our efforts over the years.

God bless his soul.


Fuad El-Hibri Remembers Ibrahim El-Hibri

Jun 14
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Fuad El-Hibri Remembers Ibrahim El-Hibri

Inna Lillahi Wa Inna Ilayhi Raji’un
Verily we belong to God, and to God we return

In Memoriam: Mr. Ibrahim El-Hibri

Karamah is deeply saddened to announce the passing of our dear friend and extraordinary leader, Mr. Ibrahim El-Hibri, who passed away on Thursday, August 23, 2007, in Paris, France.  Mr. El-Hibri was born in Beirut, Lebanon, on September 8, 1936.

A devout Muslim, he was the beloved husband of Liane El-Hibri and father of Fuad and Samir El-Hibri and Yasmine Gibellini.  He leaves behind six grandchildren, whom he cherished and adored.  He is also survived by his father, Yahia El-Hibri, two sisters, Dr. Azizah Al-Hibri and Dr. Huda Zoghbi, and two brothers, Dr. Jamal El-Hibri and Dr. Tayeb El-Hibri.

Mr. El-Hibri will be remembered as a successful telecommunications engineer and entrepreneur who built nationwide telecommunication networks in several countries. In his later years, he focused on life sciences, supporting the development of life saving vaccines.  Among numerous other accomplishments, Mr. El- Hibri received official decorations for extraordinary deeds from the Governments of Germany, Lebanon and Venezuela.

As an unwavering philanthropist, Mr. El-Hibri was tireless in his support of women, children and orphans in Lebanon and other parts of the world.  He was also an enthusiastic and major supporter of Karamah since its early years.  His generosity, kindness, and commitment to these endeavors in the spirit of Islam will be sorely missed.  He has been described as a human being who exemplified humanity in its truest form; he depicted generosity, kindness, grace, and good will in every moment of his life.

Karamah will forever appreciate and remember Mr. El-Hibri for his unwavering support, devotion, inspiration, guidance, and instrumental role in developing the organization to the level it has achieved today.

A memorial service and funeral prayers (janazah) will be held for Mr. El-Hibri on Thursday, August 30, 2007 at 10:00 a.m. at The Islamic Center, 2551 Massachusetts Avenue, NW, Washington, DC.

In lieu of flowers, memorial contributions may be made to any of the following non-profit, tax-exempt organizations:

El-Hibri Charitable Foundation (for the Dar-Al-Aytam Orphanage in Lebanon)
1420 16th Street, NW
Washington, DC  20036

Karamah (Muslim Women for Human Rights)
T.C. Williams School of Law
University of Richmond
Richmond, VA  23173

Child Help
c/o Heather Corsini
11622 Highland Farm Road
Potomac, Maryland 20854

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