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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Emergent BioSolutions Inc.
Entity Central Index Key	0001367644
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		37,477,213
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 168,130	$ 179,338
Accounts receivable	78,270	60,587
Inventories	66,030	14,643
Income tax receivable, net	16,674	5,651
Prepaid expenses and other current assets	16,345	12,896
Total current assets	345,449	273,115
Property, plant and equipment, net	302,455	264,240
In process research and development	50,300	41,800
Intangible assets, net	66,678	30,148
Goodwill	47,188	13,954
Deferred tax assets - long-term, net	16,411	0
Other assets	8,768	3,373
Total assets	837,249	626,630
Current liabilities:
Accounts payable	36,968	27,521
Accrued expenses and other current liabilities	2,957	1,252
Accrued compensation	23,044	24,615
Contingent purchase consideration, current portion	3,813	1,341
Provision for chargebacks	4,224	0
Deferred tax liability-current portion, net	88	88
Deferred revenue, current portion	5,333	1,834
Total current liabilities	76,427	56,651
Contingent purchase consideration, net of current portion	19,193	15,278
Long-term indebtedness, net of current portion	251,000	62,000
Deferred tax liability long-term, net	0	1,419
Deferred revenue, net of current portion	1,632	0
Other liabilities	1,230	2,117
Total liabilities	349,482	137,465
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized, 37,885,227 shares issued and 37,472,274, shares outstanding at June 30, 2014; 37,036,996 shares issued and 36,624,043, shares outstanding at December 31, 2013	38	37
Treasury stock, at cost, 412,953 common shares at both June 30, 2014 and December 31, 2013	(6,119)	(6,119)
Additional paid-in capital	260,778	247,637
Accumulated other comprehensive loss	(3,251)	(3,465)
Retained earnings	236,321	251,528
Total Emergent BioSolutions Inc. stockholders' equity	487,767	489,618
Noncontrolling interest in subsidiaries	0	(453)
Total stockholders' equity	487,767	489,165
Total liabilities and stockholders' equity	$ 837,249	$ 626,630

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2014	Dec. 31, 2013
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	37,885,227	37,036,996
Common stock, shares outstanding (in shares)	37,472,274	36,624,043
Treasury stock (in shares)	412,953	412,953

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Product sales	$ 78,269	$ 65,596	$ 114,036	$ 95,955
Contract manufacturing	9,187	0	11,913	0
Contracts and grants	22,869	16,840	38,260	29,581
Total revenues	110,325	82,436	164,209	125,536
Operating expenses:
Cost of product sales and contract manufacturing	34,507	16,945	53,504	22,643
Research and development	37,401	30,278	67,657	61,002
Selling, general and administrative	30,555	20,501	60,644	40,529
Income (loss) from operations	7,862	14,712	(17,596)	1,362
Other income (expense):
Interest income	31	10	71	33
Interest expense	(1,721)	(3)	(5,256)	(14)
Other income (expense), net	1,322	18	1,834	35
Total other income (expense)	(368)	25	(3,351)	54
Income (loss) before provision for (benefit from) income taxes	7,494	14,737	(20,947)	1,416
Provision for (benefit from) income taxes	2,465	4,381	(5,740)	(135)
Net income (loss)	5,029	10,356	(15,207)	1,551
Net loss attributable to noncontrolling interest	0	128	0	871
Net income (loss) attributable to Emergent BioSolutions Inc.	$ 5,029	$ 10,484	$ (15,207)	$ 2,422
Income (loss) per share - basic	$ 0.13	$ 0.29	$ (0.41)	$ 0.07
Income (loss) per share - diluted	$ 0.13	$ 0.29	$ (0.41)	$ 0.07
Weighted-average number of shares - basic (in shares)	37,416,554	36,144,063	37,137,015	36,056,297
Weighted-average number of shares - diluted (in shares)	38,333,425	36,527,014	37,137,015	36,247,773

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Comprehensive Loss (Unaudited) [Abstract]
Net loss attributable to Emergent BioSolutions Inc.	$ 5,029	$ 10,484	$ (15,207)	$ 2,422
Foreign currency translations, net of tax	139	246	214	616
Comprehensive income (loss)	$ 5,168	$ 10,730	$ (14,993)	$ 3,038

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income (loss)	$ (15,207)	$ 1,551
Adjustments to reconcile to net cash provided by (used in) operating activities:
Stock-based compensation expense	6,015	5,718
Depreciation and amortization	15,294	8,372
Current and deferred income taxes	(5,199)	(135)
Non-cash development expenses from joint venture	0	(347)
Change in fair value of contingent obligations	1,630	0
Write off of debt issuance costs	1,831	0
Excess tax benefits from stock-based compensation	(5,179)	(1,757)
Other	499	(10)
Changes in operating assets and liabilities:
Accounts receivable	2,274	41,674
Inventories	1,232	(3,421)
Income taxes	(5,184)	(7,999)
Prepaid expenses and other assets	(567)	(1,734)
Accounts payable	(10,357)	(6,199)
Accrued expenses and other liabilities	(644)	(619)
Accrued compensation	(3,902)	(7,130)
Provision for chargebacks	284	0
Deferred revenue	(1,246)	238
Net cash provided by (used in) operating activities	(18,426)	28,202
Cash flows from investing activities:
Purchases of property, plant and equipment	(9,400)	(14,123)
Acquisition of Cangene Corporation, net of acquired cash	(178,167)	0
Net cash used in investing activities	(187,567)	(14,123)
Cash flows from financing activities:
Proceeds from convertible debenture, net of debt issuance costs	241,654	0
Proceeds from other long-term debt obligations	1,000	0
Issuance of common stock subject to exercise of stock options	9,969	933
Excess tax benefits from stock-based compensation	5,179	1,757
Principal payments on long-term indebtedness	(62,000)	(2,235)
Contingent obligation payments	(1,019)	0
Net cash provided by financing activities	194,783	455
Effect of exchange rate changes on cash and cash equivalents	2	43
Net increase (decrease) in cash and cash equivalents	(11,208)	14,577
Cash and cash equivalents at beginning of period	179,338	141,666
Cash and cash equivalents at end of period	$ 168,130	$ 156,243

Summary of significant accounting policies

6 Months Ended

Jun. 30, 2014

Summary of significant accounting policies [Abstract]

Summary of significant accounting policies

1. Summary of significant accounting policies

Basis of presentation and consolidation

The accompanying unaudited consolidated financial statements include the accounts of Emergent BioSolutions Inc. (the "Company" or "Emergent") and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.

The unaudited consolidated financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X issued by the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC.

In the opinion of the Company's management, any adjustments contained in the accompanying unaudited consolidated financial statements are of a normal recurring nature, and are necessary to present fairly the financial position of the Company as of June 30, 2014; the results of operations and comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013; and cash flows for the six months ended June 30, 2014 and 2013. Interim results are not necessarily indicative of results that may be expected for any other interim period or for an entire year.

There have been no significant changes to the Company's summary of significant accounting policies, contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC, during the six months ended June 30, 2014, except for additions to the Company's accounting policies for revenue recognition and inventories related to the Cangene Corporation ("Cangene") acquisition (see Note 2).

Revenue recognition

The Company recognizes revenues from product sales if four basic criteria have been met:

§	there is persuasive evidence of an arrangement;

§	delivery has occurred or title has passed to the Company's customer;

§	the fee is fixed or determinable; and

§	collectability is reasonably assured.

All revenues from product sales are recorded net of applicable allowances for sales returns, rebates, special promotional programs, and discounts. The Company estimates allowances for deductions from revenue using a combination of information received from third parties including market data, inventory reports from major wholesalers, historical information and analysis. These estimates are subject to the inherent limitations of estimates that rely on third party data, as certain third- party information may itself rely on estimates and reflect other limitations. Provisions for estimated rebates and other allowances, such as discounts and promotional and other credits, are estimated based on historical payment experience, historical relationship to revenues, estimated customer inventory levels and contract terms, and actual discounts offered. Management believes that such provisions are determinable because of the limited number of assumptions involved and the consistency of historical experience.

The Company markets and sells its Biosciences products through commercial wholesalers (direct customers) who purchase the products at a price referred to as the wholesale acquisition cost ("WAC"). Additionally, the Company enters into agreements with indirect customers for a contracted price that is less than the WAC. The indirect customers, such as group-purchasing organizations, physician practice-management groups and hospitals, purchase the Company's products from the wholesalers. Under these agreements with the wholesalers, the Company guarantees that it will credit them for the difference between the WAC and the indirect customers' contracted price. This credit is referred to as a chargeback. Wholesalers provide detailed information regarding indirect customer purchases as part of the justification for their credit request. Once received by the Company, these requests are standardized and tracked within a software system that adjudicates and reconciles all indirect claims coming from wholesalers. The database with these claims is used for historical trending and estimating future indirect sales, which are used to estimate accruals. Adjustments to these provisions are made periodically to reflect new facts and circumstances that may indicate that historical experience may not be indicative of current and/or future results. The Company makes subjective judgments primarily based on its evaluation of current market conditions and trade inventory levels related to the products. This evaluation may result in an increase or decrease in the experience rate that is applied to current and future sales, or as an adjustment to past sales, or both. The Company estimates allowances for revenue-reducing obligations such as rebates, special promotional programs, and discounts, using a combination of historical trends, contractual obligations and information received from third parties. The accuracy of these estimates is dependent upon the inherent limitations of extrapolating estimates from historical trends and upon the quality of the third-party information.

Inventories

Inventories are stated at the lower of cost or market with cost being determined using a standard cost method, which approximates average cost. Average cost consists primarily of material, labor and manufacturing overhead expenses (which includes fixed production-overhead costs) and includes the services and products of third party suppliers. The Company analyzes its inventory levels quarterly and writes down, in the applicable period, inventory that has become obsolete, inventory that has a cost basis in excess of its expected net realizable value and inventory in excess of expected customer demand. The Company also writes off, in the applicable period, the costs related to expired inventory. Costs of purchased inventories are recorded using weighted-average costing. The Company determines normal capacity for each production facility and allocates fixed production-overhead costs on that basis. Any excess, unallocated fixed production-overhead costs are expensed as incurred.

Acquisitions

6 Months Ended

Jun. 30, 2014

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

Cangene Corporation

On February 21, 2014, the Company acquired 100% of the voting interest of Cangene for $3.24 per share in cash (on a fully-diluted basis), which represents a total purchase price of $221.8 million. This transaction was accounted for by the Company under the acquisition method of accounting, with the Company as the acquirer. Under the acquisition method of accounting, the assets and liabilities of Cangene were recorded as of the acquisition date, at their respective fair values, and combined with those of the Company. This acquisition diversifies the product portfolio of the Company's Biodefense and Biosciences divisions and expands the Company's manufacturing capabilities.

The table below summarizes the preliminary allocation of the purchase price based upon estimated fair values of assets acquired and liabilities assumed at February 21, 2014. As of the date of this filing, the valuation of acquired intangible assets, inventory, deferred taxes, property plant and equipment, employee related liabilities and other fair value adjustments are not complete as the Company is obtaining and analyizing additional information related to the aformentioned items. As such, the purchase price allocation is subject to change.

(in thousands)	February 21, 2014

Fair value of tangible assets acquired and liabilities assumed:
Cash	$	43,631
Accounts receivable		19,940
Inventory (i)		52,619
Prepaid expenses and other assets		2,375
Property, plant and equipment		40,264
Deferred taxes, net		18,371
Income tax receivable		2,940
Accounts payable and accrued liabilities		(22,916	)
Provision for chargebacks		(3,940	)
Contingent purchase consideration		(5,776	)
Deferred revenue		(6,378	)
Total fair value of tangible assets acquired and liabilities assumed		141,130

Acquired in-process research and development		8,500
Acquired intangible assets		40,400
Goodwill		31,770
Total purchase price	$	221,800

(i) Acquired inventory reflects a $6.2 million adjustment to record inventory at fair value, referred to as a step-up adjustment. The $6.2 million step-up was estimated to be amortized through cost of product sales and contract manufacturing over the next five years based on estimated inventory turnover, which will increase cost of product sales and contract manufacturing during such period.

The table below summarizes the preliminary estimated fair value of intangible assets acquired and the estimated amortization periods:

			Amortization
			Period
( in thousands)	Amount		in years

Corporate Trade Name	$	2,800		5.0
Marketed Products		8,300		10.0
Licensed Products		3,300		7.0
Biodefense Products		20,400		12.0
Contract Manufacturing		5,600		8.0

Total identified intangible assets	$	40,400

The Company determined the estimated fair value of the intangible assets using the income approach, which is based on the present value of future cash flows. The fair value measurements are based on significant unobservable inputs that are developed by the Company using estimates and assumptions of the respective market and market penetration of the Company's products.

A substantial portion of the assets acquired from Cangene consisted of intangible assets. The Marketed Products intangible asset includes WinRho^® SDF [Rh_o(D) Immune Globulin Intravenous (Human)] and VARIZIG^® (Varicella Zoster Immune Globulin (Human). The Licensed Products intangible asset includes HepaGam B^® (Hepatitis B Immune Globulin Intravenous (Human)) and episil^®(oral liguid). The Biodefense intangible asset includes BAT^TM [Botulism Antitoxin Heptavalent (A, B, C, D, E, F, G)-Equine], AIGIV (Anthrax Immune Globulin Intravenous (Human)) and VIGIV (Vaccinia Immune Globulin Intravenous (Human)). The Contract Manufacturing intangible asset is primarily related to contract manufacturing in Baltimore, Maryland.

The Company estimated the fair value of the Marketed, Licensed and Biodefense Product intangible assets using the income approach with a present value discount rate of 15%, which is based on the estimated weighted-average cost of capital for companies with profiles substantially similar to that of Cangene. This is comparable to the estimated internal rate of return for the acquisition and represents the rate that market participants would use to value these intangible assets. The projected cash flows from these Marketed, Licensed and Biodefense Product intangible assets were based on key assumptions including: estimates of revenues and operating profits; the life of the potential commercialized product and associated risks; and risks related to the viability of and potential alternative treatments in any future target markets.

The Company estimated the fair value of the Contract Manufacturing intangible asset using the income approach with a present value discount rate of 15%, which is based on the estimated weighted-average cost of capital for companies with profiles substantially similar to that of Cangene. This is comparable to the estimated internal rate of return for the acquisition and represents the rate that market participants would use to value this intangible asset. The projected cash flows from the Contract Manufacturing intangible asset was based on key assumptions including: estimates of revenues and operating profits; and viability of attaining/maintaining future third-party manufacturing relationships with the Company's customers.

The Company estimated the fair value of the Corporate Trade Name intangible asset using the relief of royalty method with a present value discount rate of 15%, which is based on the estimated weighted-average cost of capital for companies with profiles substantially similar to that of Cangene. This is comparable to the estimated internal rate of return for the acquisition and represents the rate that market participants would use to value this intangible asset.

The weighted average amortization period of the intangible assets is 118 months. For the three and six months ended June 30, 2014, the Company recorded amortization expense of $1.1 million and $1.5 million, respectively, for intangible assets acquired from Cangene, which has been recorded in cost of product sales and contract manufacturing. Amortization expense of $691,000 and $928,000, respectively, was recorded within the Biosciences segment for the three and six months ended June 30, 2014. Amoritization expense of $389,000 and $602,000, respectively, was recorded within the Biodefense segement for the three and six months ended June 30, 2014.

The intangible asset associated with in-process research and development ("IPR&D") acquired from Cangene is the IXINITY product candidate. Management determined that the estimated acquisition-date fair value of intangible assets related to IPR&D was $8.5 million. The estimated fair value was determined using the income approach, which discounts expected future cash flows to present value. The Company estimated the fair value using a present value discount rate of 16%, which is based on the estimated weighted-average cost of capital for companies with profiles substantially similar to that of Cangene. This is comparable to the estimated internal rate of return for the acquisition and represents the rate that market participants would use to value the IPR&D. The projected cash flows for IXINITYwas based on key assumptions including: estimates of revenues and operating profits related to IXINITY, considering its stage of development on the acquisition date; the time and resources needed to complete the development and approval of the product candidate; the life of the potential commercialized product and associated risks, including the inherent difficulties and uncertainties in developing a product candidate such as obtaining marketing approval from the FDA and other regulatory agencies; and risks related to the viability of and potential alternative treatments in any future target markets. IPR&D assets are considered to be indefinite-lived until the completion or abandonment of the associated research and development efforts (see Note 5).

The Company recorded approximately $31.8 million in goodwill related to the Cangene acquisition, representing the purchase price paid in the acquisition that was in excess of the fair value of the tangible and intangible assets acquired. None of the goodwill generated from the Cangene acquisition is expected to be deductible for tax purposes.

The Company has incurred transaction costs related to the Cangene acquisition of approximately $3.7 million for the six months ended June 30, 2014, which has been recorded in selling, general and administrative expenses within the Company's Biosciences segment. The Company has incurred to date a total of $7.0 million in transaction costs associated with the Cangene acquisition through June 30, 2014, of which $3.3 million was incurred in 2013.

The following pro forma information is presented as if the acquisition had occurred on January 1, 2013, and combines the historical results of operations of the Company and Cangene for the six month periods ended June 30, 2014 and 2013.

	June 30,
(in thousands)	2014			2013
Pro forma revenue	$	191,688		$	191,700
Pro forma net loss	$	(17,782	)	$	(3,838	)

Healthcare Protective Products Division

On August 1, 2013, the Company acquired substantially all of the assets and liabilities of Health Protective Products Division ("HPPD"), a division of Bracco Diagnostics Inc. ("Bracco"), for $25.9 million in cash along with contingent purchase consideration obligations to Bracco. The assets and liabilities acquired include HPPD's product, RSDL, and a majority of the customer and distributor agreements associated with RSDL along with $1.5 million of manufacturing equipment. In addition, the Company assumed a $1.5 million liability associated with the Canadian Technology Development Fund. The acquisition diversifies the product portfolio of the Biodefense segment by adding product sales from RSDL.

The contingent purchase consideration obligation due to Bracco is based on a percentage of RSDL net sales, ranging from 5-10%, for the period August 1, 2013 through July 31, 2028. At August 1, 2013, the contingent purchase consideration obligation was recorded at a fair value of $16.2 million. The Level 3 fair value of this obligation is based on management's assessment of the potential future realization of the contingent purchase consideration payments. This assessment is based on inputs that have no observable market. The obligation is measured using the income approach (a discounted cash flow model).

The total purchase price is summarized below:

(in thousands)
Amount of cash paid to Bracco Diagnostics Inc.	$	25,873
Fair value of contigent purchase consideration at date of acquisition		16,232
Total purchase price	$	42,105

The table below summarizes the allocation of the purchase price based upon fair values of assets acquired and liabilities assumed at August 1, 2013.

(in thousands)
Acquired intangible assets	$	32,099
Goodwill		9,916
Acquired equipment		1,543
Other		11
Assumed liabilities		(1,464	)
Total purchase price	$	42,105

A substantial portion of the assets acquired from Bracco consisted of intangible assets associated with the RSDL product. As of the date of acquisition, the Company recorded intangible assets of approximately $28.6 million related to RSDL, which is being amortized over 8 years, and $3.5 million related to a manufacturing agreement with Bracco, which is being amortized over 3 years. For the three and six months ended June 30, 2014, the Company recorded $1.2 million and $2.3 million, respectively, amortization expense for intangible assets acquired from Bracco which was recorded in cost of product sales and contract manufacturing within the Company's Biodefense segment. The weighted average remaining amortization period for the intangible assets is 80 months.

The Company recorded approximately $9.9 million in goodwill related to the HPPD acquisition representing the purchase price paid in the acquisition in excess of the fair value of the tangible and intangible assets acquired. This goodwill is included in the Company's biodefense segment. None of the goodwill generated from the HPPD acquisition is expected to be deductible for tax purposes.

The Company has determined the historical results of HPPD were not significant to the Company's results of operations, and as such no proforma disclosures have been presented.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Fair value measurements

6 Months Ended

Jun. 30, 2014

Fair value measurements [Abstract]

Fair value measurements

3. Fair value measurements

The following table represents the Company's fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis:

	At June 30, 2014
(in thousands)		Level 1		Level 2		Level 3		Total
Assets:
Investment in money market funds (1)		$	57,108	$	-	$	-	$	57,108
Total assets		$	57,108	$	-	$	-	$	57,108

Liabilities:
Contingent purchase consideration		$	-	$	-	$	23,006	$	23,006
Total liabilities		$	-	$	-	$	23,006	$	23,006

	At December 31, 2013
(in thousands)		Level 1		Level 2		Level 3		Total
Assets:
Investment in money market funds (1)		$	37,701	$	-	$	-	$	37,701
Total assets		$	37,701	$	-	$	-	$	37,701

Liabilities:
Contingent purchase consideration		$	-	$	-	$	16,619	$	16,619
Total liabilities		$	-	$	-	$	16,619	$	16,619

(1) Included in cash and cash equivalents in accompanying consolidated balance sheets.

For the periods ended June 30, 2014 and 2013, the Company did not have any transfers between Level 1 and Level 2 assets or liabilities.

The fair value of contingent purchase consideration obligations are based on management's assessment of changes as a result of adjustments to the discount rates and updates in the assumed and actual achievement of net sales for future RSDL, HepaGam B and episil®, which are inputs that have no observable market (Level 3). For the three and six months ended June 30, 2014, the contingent purchase consideration obligation increased by $1.2 million and $1.6 million, respectively, primarily due to an adjustment to the actual and expected timing of RSDL, HepaGam B and episil® sales. This increase resulted in a charge that is classified in the Company's statement of operations as cost of product sales and contract manufacturing.

The following table is a reconciliation of the beginning and ending balance of the liabilities measured at fair value using significant unobservable inputs (Level 3) during the six months ended June 30, 2014.

(in thousands)
Balance at December 31, 2013	$	16,619
Expense (income) included in earnings		1,630
Settlements		(1,019	)
Purchases, sales and issuances		5,776
Transfers in/(out) of Level 3		-
Balance at June 30, 2014	$	23,006

Separate disclosure is required for assets and liabilities measured at fair value on a recurring basis, as documented above, from those measured at fair value on a nonrecurring basis. As of June 30, 2014, the Company had no assets or liabilities that were measured at fair value on a nonrecurring basis except for the assts acquired and liabilities assumed as part of the Cangene acquisition (See Note 2). As of June 30, 2013, the Company had no assets or liabilities that were measured at fair value on a nonrecurring basis.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventories

6 Months Ended

Jun. 30, 2014

Inventories [Abstract]

Inventories

4. Inventories

Inventories consist of the following:

	June 30,		December 31,
(in thousands)	2014		2013
Raw materials and supplies	$	15,033	$	2,656
Work-in-process		32,962		9,819
Finished goods		18,035		2,168
Total inventories	$	66,030	$	14,643

Intangible assets, in-process research and development and goodwill

6 Months Ended

Jun. 30, 2014

Intangible assets, in-process research and development and goodwill [Abstract]

Intangible assets, in-process research and development and goodwill

5. Intangible assets, in-process research and development and goodwill

As of June 30, 2014, the Company had $50.3 million of IPR&D assets, which are included in the Biosciences business segment. This includes $41.8 million related to the Company's otlertuzumab product candidate and $8.5 million related to the Company's IXINITY product candidate. On July 29, 2014, the U.S. Food and Drug Administration ("FDA") issued a complete response letter for the New Drug Application ("NDA") of IXINITY. The complete response letter requested additional analyses of data from completed studies and noted deficiencies in the chemistry, manufacturing, and controls section of the license application, all of which must be resolved before approval can be granted by FDA. The Company determined that the FDA's response to its NDA is a potential indicator of impairment of the related IXINITY IPR&D asset. However, the Company has not yet completed its interim impairment assesment. The Company has determined the potential range of impairment could be from zero to the carrying value of the IXINITY IPR&D asset.

Intangible assets consist of the following:

				Manufacturing			Corporate			Marketed			Licensed			Biodefense			Contract
(in thousands)	RSDL			Agreement			Tradename			Products			Products			Products			Manufacturing			Total
Cost basis
Balance at December 31, 2013	$	28,621		$	3,478		$	-		$	-		$	-		$	-		$	-		$	32,099
Additions		-			-			2,800			8,300			3,300			20,400			5,600			40,400
Balance at June 30, 2014	$	28,621		$	3,478		$	2,800		$	8,300		$	3,300			20,400		$	5,600		$	72,499

Accumulated amortization
Balance at December 31, 2013	$	(1,468	)	$	(483	)	$	-		$	-		$	-		$	-		$	-		$	(1,951	)
Amortization		(1,760	)		(580	)		(198	)		(365	)		(117	)		(602	)		(248	)		(3,870	)
Balance at June 30, 2014	$	(3,228	)	$	(1,063	)	$	(198	)	$	(365	)	$	(117	)	$	(602	)	$	(248	)	$	(5,821	)

Net book value at June 30, 2014	$	25,393		$	2,415		$	2,602		$	7,935		$	3,183		$	19,798			5,352		$	66,678

The following table is a reconciliation of goodwill:

(in thousands)	Total
Cost basis
Balance at December 31, 2013	$	13,954
Additions		33,234
Balance at June 30, 2014	$	47,188

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Long-term debt	6 Months Ended
Long-term debt	Jun. 30, 2014
Long-term debt [Abstract]
Long-term debt	6. Long-term debt On January 29, 2014, the Company issued $250.0 million aggregate principal amount of 2.875% Convertible Senior Notes due 2021 (the "Notes"). The Notes bear interest at a rate of 2.875% per year, payable semi-annually in arrears on January 15 and July 15 of each year, commencing July 15, 2014. The Notes mature on January 15, 2021, unless earlier purchased by the Company, redeemed or converted. The conversion rate is equal to 30.8821 shares of common stock per $1,000 principal amount of notes (which is equivalent to an initial conversion price of approximately $32.38 per share of common stock). The conversion rate is subject to adjustment upon the occurrence of certain specified events but will not be adjusted for accrued and unpaid interest. The Company incurred approximately $8.3 million in debt issuance costs associated with the Notes, which has been capitalized on the consolidated balance sheets and is being amortized over seven years, using the effective interest method. On December 11, 2013, the Company entered into a senior secured credit agreement (the "Credit Agreement") with three lending financial institutions (the "Lenders"), led by Bank of America, N.A., as administrative agent. The Credit Agreement originally provided for a revolving credit facility of up to $100 million through December 11, 2018 (or such earlier date required by the terms of the Credit Agreement) and a term loan facility of up to $125 million to be drawn in full, if at all, on or prior to March 31, 2014. In connection with the Credit Agreement, the Company borrowed $62.0 million under the revolving credit facility primarily to repay obligations under existing loan agreements. On January 29, 2014, in connection with the Company's issuance of the Notes, the unused $125 million term loan portion of the Credit Agreement terminated automatically in accordance with the terms of the Credit Agreement. In addition, following the closing of the Notes offering, the Company repaid the $62.0 million outstanding indebtedness under the revolving credit facility, which restored the full $100 million revolving credit capacity under this facility. In addition, during the six months ended June 30, 2014, the Company expensed $1.8 million of debt issuance cost associated with the term loan facility. As of June 30, 2014, no amounts were drawn under the revolving credit facility. The Company's payment obligations under the Credit Agreement are secured by a lien on substantially all of the Company's assets, including the stock of all of the Company's subsidiaries, and the assets of the subsidiary guarantors, including mortgages over certain of their real properties, including the Company's large-scale vaccine manufacturing facility in Lansing, Michigan and the Company's product development and manufacturing facility in Baltimore, Maryland. The Credit Agreement, as amended, contains affirmative and negative covenants customary for financings of this type. Negative covenants in the Credit Agreement limit the Company's ability to, among other things: incur indebtedness (other than the issuance of the Notes) and liens; dispose of assets; make investments including loans, advances or guarantees; and enter into certain mergers or similar transactions. The Credit Agreement also contains financial covenants, tested quarterly and in connection with any triggering events under the Credit Agreement that include the maintenance of: (1) a minimum consolidated debt service coverage ratio of 2.50 to 1.00, (2) a maximum consolidated leverage ratio for the period ending on or prior to September 30, 2014 of 4.00 to 1.00, for the measurement period ending December 31, 2014 of 3.75 to 1.00, and thereafter of 3.50 to 1.00, (3) a maximum consolidated senior leverage ratio of 2.00 to 1.00 (when no term loan is outstanding) and (4) a minimum liquidity requirement of $50 million. Upon the occurrence and continuance of an event of default under the Credit Agreement, the commitments of the lenders to make loans under the Credit Agreement may be terminated and the Company's payment obligations under the Credit Agreement may be accelerated. The events of default under the Credit Agreement include, among others, subject in some cases to specified cure periods: payment defaults; inaccuracy of representations and warranties in any material respect; defaults in the observance or performance of covenants; bankruptcy and insolvency related defaults; the entry of a final judgment in excess of a threshold amount; change of control; and the invalidity of loan documents relating to the Credit Agreement.

Equity awards

6 Months Ended

Jun. 30, 2014

Equity awards [Abstract]

Equity awards

7. Equity awards

As of June 30, 2014, the Company had two stock-based employee compensation plans, the Third Amended and Restated Emergent BioSolutions Inc. 2006 Stock Incentive Plan (the "2006 Plan") and the Emergent BioSolutions Employee Stock Option Plan (the "2004 Plan") (together, the "Emergent Plans").

On May 22, 2014, the Company's shareholders approved an amendment to the 2006 Plan, which increased the number of shares of common stock available for issuance under plan awards by 4,000,000. As part of this amendment, awards of restricted stock units after May 22, 2014 are counted against the maximum aggregate number of shares of common stock available for issuance under the 2006 Plan as 2.3 shares of common stock for every one restricted stock unit granted. The maximum number of shares subject to awards that may be granted per year under the 2006 Plan to a single participant is 1,000,000.

The following is a summary of stock option award activity under the Emergent Plans:

	2006 Plan					2004 Plan
	Number of Shares			Weighted-Average Exercise Price		Number of Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Outstanding at December 31, 2013		3,639,995		$	17.01		53,156	$	8.86	$	23,148,738
Granted		1,099,271			27.55		-		-
Exercised		(596,955	)		13.63		-		-
Forfeited		(57,867	)		18.47		-		-
Outstanding at June 30, 2014		4,084,444		$	19.87		53,156	$	8.86	$	17,771,557
Exercisable at June 30, 2014		2,128,797		$	17.72		53,156	$	8.86	$	11,617,808

The following is a summary of restricted stock unit award activity under the 2006 Plan:

	Number of Shares			Weighted-Average Grant Price		Aggregate Intrinsic Value
Outstanding at December 31, 2013		792,626		$	16.53	$	18,246,611
Granted		549,637			27.55
Vested		(331,864	)		26.95
Forfeited		(28,034	)		18.15
Outstanding at June 30, 2014		982,365		$	22.52	$	22,063,918

Variable interest entities	6 Months Ended
Variable interest entities	Jun. 30, 2014
Variable interest entities [Abstract]
Variable interest entities	8. Variable interest entities In July 2008, the Company entered into a collaboration with the University of Oxford ("Oxford") and certain Oxford researchers to advance a vaccine product candidate for tuberculosis, resulting in the formation of the Oxford-Emergent Tuberculosis Consortium ("OETC"). The Company liquidated OETC during the six month period ending June 30, 2014. In addition, the Company recorded an adjustment related to noncontrolling interest of $453,000 due to the liquidation. This expense was recorded as selling, general and administrative expense within the Company's Biosciences segment.

Earnings per share

6 Months Ended

Jun. 30, 2014

Earnings per share [Abstract]

Earnings per share

9. Earnings per share

For the three and six month periods ended June 30, 2014 and 2013, basic earnings per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.

For the three and six month periods ended June 30, 2014, diluted earnings per share is computed using the if-converted method by dividing the adjusted net income (loss) by the weighted average number of shares of common stock outstanding during the period. The adjusted net income (loss) is adjusted for interest expense and amortization of debt issuance cost, both net of tax, associated with the Company's Notes. The weighted average number of shares-diluted is adjusted for the potential dilutive effect of the exercise of stock options and the vesting of restricted stock units along with the assumption of the conversion of the convertible obligations, at the beginning of the period.

For the three and six months ended June 30, 2013, diluted earnings per share is computed using the treasury method by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, adjusted for the potential dilutive effect of other securities if such securities were converted or exercised.

The following table presents the calculation of basic and diluted net income (loss) per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2014		2013		2014			2013
Numerator:
Net income (loss)	$	5,029	$	10,484	$	(15,207	)	$	2,422
Interest expense applicable to convertible debt, net of tax		-		-		-			-
Amortization of debt issuance costs, net of tax		-		-		-			-
Adjusted net income (loss)	$	5,029	$	10,484	$	(15,207	)	$	2,422

Denominator:
Weighted-average number of shares—basic		37,416,554		36,144,063		37,137,015			36,056,297
Dilutive securities—equity awards		916,871		382,951		-			191,476
Dilutive securities—convertible debt		-		-		-			-
Weighted-average number of shares—diluted		38,333,425		36,527,014		37,137,015			36,247,773

Income (loss) per share-basic	$	0.13	$	0.29	$	(0.41	)	$	0.07
Income (loss) per share-diluted	$	0.13	$	0.29	$	(0.41	)	$	0.07

For the three months ended June 30, 2014 there were no adjustments to adjusted net income (loss) or dilutive securities associated with the Company's Notes as such adjustments would have been anti-dilutive. For the six months ended June 30, 2014, outstanding stock options to purchase approximately 5,100,000.0 million shares of common stock, along with 8.1 million shares related to the Company's convertible debt, were excluded from the calculation of diluted earnings per share because of the adjusted net loss incurred for the six months ended June 30, 2014 would make these awards anti-dilutive.

Stock options with exercise prices in excess of the average per share closing price during the period are not considered in the calculation of fully diluted earnings per share. For the three months ended June 30, 2014, approximately 1.5 million were excluded from the calculation of diluted earnings per share. For the three and six month periods ended June 30, 2013, approximately 3.5 million and 2.7 million stock options were excluded from the calculation of diluted earnings per share.

Segment information

6 Months Ended

Jun. 30, 2014

Segment information [Abstract]

Segment information

10. Segment information

For financial reporting purposes, the Company reports financial information for two business segments: Biodefense and Biosciences. The Company's two business segments, or divisions, engage in business activities for which discrete financial information and allocation resources are reviewed by the chief operating decision maker. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company's reportable segments are business units that offer different products and product candidates and are managed separately because they manufacture and develop distinct products with different manufacturing and development processes, along with having seperate and distinct sales and marketing processes.

The Biodefense division is a specialty biopharmaceutical business focused on countermeasures that address Chemical, Biological, Radiological and Nuclear ("CBRN") threats and consists of two business units: vaccines and therapeutics, and medical devices. Revenues in this segment are primarily from sales of the Company's FDA-licensed product, BioThrax® (Anthrax Vaccine Adsorbed), to the U.S. government. The Biosciences division is directed to commercial opportunities and primarily targets hematology/oncology, transplantation and infectious diseases, and consists of two business units, therapeutics and vaccines. The "All Other" segment relates to the general operating costs of the Company and includes costs of the centralized services departments, which are not allocated to the other segments, as well as spending on activities that are not classified as Biodefense or Biosciences.

	Reportable Segments
(in thousands)	Biodefense		Biosciences			All Other			Total
Three Months Ended June 30, 2014
External revenue	$	91,103	$	19,222		$	-		$	110,325
Net income (loss)		22,416		(15,001	)		(2,386	)		5,029
Three Months Ended June 30, 2013
External revenue	$	82,402	$	34		$	-		$	82,436
Net income (loss)		24,996		(14,156	)		(356	)		10,484

Six Months Ended June 30, 2014
External revenue	$	138,542	$	25,667		$	-		$	164,209
Net income (loss)		23,828		(34,510	)		(4,525	)		(15,207	)
Six Months Ended June 30, 2013
External revenue	$	124,561	$	975		$	-		$	125,536
Net income (loss)		29,606		(25,528	)		(1,656	)		2,422

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Summary of significant accounting policies (Policies)

6 Months Ended

Jun. 30, 2014

Summary of significant accounting policies [Abstract]

Basis of presentation and consolidation

Revenue recognition

The Company recognizes revenues from product sales if four basic criteria have been met:

§	there is persuasive evidence of an arrangement;

§	delivery has occurred or title has passed to the Company's customer;

§	the fee is fixed or determinable; and

§	collectability is reasonably assured.

Inventories

- Definition

Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.

+ References + Details

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References + Details

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Acquisitions [Abstract]

Purchase Price

(in thousands)	February 21, 2014

Fair value of tangible assets acquired and liabilities assumed:
Cash	$	43,631
Accounts receivable		19,940
Inventory (i)		52,619
Prepaid expenses and other assets		2,375
Property, plant and equipment		40,264
Deferred taxes, net		18,371
Income tax receivable		2,940
Accounts payable and accrued liabilities		(22,916	)
Provision for chargebacks		(3,940	)
Contingent purchase consideration		(5,776	)
Deferred revenue		(6,378	)
Total fair value of tangible assets acquired and liabilities assumed		141,130

Acquired in-process research and development		8,500
Acquired intangible assets		40,400
Goodwill		31,770
Total purchase price	$	221,800

Fair Value of Intangible Assets

The table below summarizes the preliminary estimated fair value of intangible assets acquired and the estimated amortization periods:

			Amortization
			Period
( in thousands)	Amount		in years

Corporate Trade Name	$	2,800		5.0
Marketed Products		8,300		10.0
Licensed Products		3,300		7.0
Biodefense Products		20,400		12.0
Contract Manufacturing		5,600		8.0

Total identified intangible assets	$	40,400

Pro Forma Information

	June 30,
(in thousands)	2014			2013
Pro forma revenue	$	191,688		$	191,700
Pro forma net loss	$	(17,782	)	$	(3,838	)

Business Acquisition [Line Items]

Purchase Price HPPD [Table Text Block]

The total purchase price is summarized below:

(in thousands)
Amount of cash paid to Bracco Diagnostics Inc.	$	25,873
Fair value of contigent purchase consideration at date of acquisition		16,232
Total purchase price	$	42,105

Purchase Price Allocation

The total purchase price is summarized below:

(in thousands)
Amount of cash paid to Bracco Diagnostics Inc.	$	25,873
Fair value of contigent purchase consideration at date of acquisition		16,232
Total purchase price	$	42,105

Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair value measurements [Abstract]

Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table represents the Company's fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis:

	At June 30, 2014
(in thousands)		Level 1		Level 2		Level 3		Total
Assets:
Investment in money market funds (1)		$	57,108	$	-	$	-	$	57,108
Total assets		$	57,108	$	-	$	-	$	57,108

Liabilities:
Contingent purchase consideration		$	-	$	-	$	23,006	$	23,006
Total liabilities		$	-	$	-	$	23,006	$	23,006

	At December 31, 2013
(in thousands)		Level 1		Level 2		Level 3		Total
Assets:
Investment in money market funds (1)		$	37,701	$	-	$	-	$	37,701
Total assets		$	37,701	$	-	$	-	$	37,701

Liabilities:
Contingent purchase consideration		$	-	$	-	$	16,619	$	16,619
Total liabilities		$	-	$	-	$	16,619	$	16,619

(1) Included in cash and cash equivalents in accompanying consolidated balance sheets.

Reconciliation of Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

(in thousands)
Balance at December 31, 2013	$	16,619
Expense (income) included in earnings		1,630
Settlements		(1,019	)
Purchases, sales and issuances		5,776
Transfers in/(out) of Level 3		-
Balance at June 30, 2014	$	23,006

Inventories (Tables)

6 Months Ended

Jun. 30, 2014

Inventories [Abstract]

Inventories

Inventories consist of the following:

	June 30,		December 31,
(in thousands)	2014		2013
Raw materials and supplies	$	15,033	$	2,656
Work-in-process		32,962		9,819
Finished goods		18,035		2,168
Total inventories	$	66,030	$	14,643

Intangible assets, in-process research and development and goodwill (Tables)

6 Months Ended

Jun. 30, 2014

Intangible assets, in-process research and development and goodwill [Abstract]

Intangible Assets

Intangible assets consist of the following:

				Manufacturing			Corporate			Marketed			Licensed			Biodefense			Contract
(in thousands)	RSDL			Agreement			Tradename			Products			Products			Products			Manufacturing			Total
Cost basis
Balance at December 31, 2013	$	28,621		$	3,478		$	-		$	-		$	-		$	-		$	-		$	32,099
Additions		-			-			2,800			8,300			3,300			20,400			5,600			40,400
Balance at June 30, 2014	$	28,621		$	3,478		$	2,800		$	8,300		$	3,300			20,400		$	5,600		$	72,499

Accumulated amortization
Balance at December 31, 2013	$	(1,468	)	$	(483	)	$	-		$	-		$	-		$	-		$	-		$	(1,951	)
Amortization		(1,760	)		(580	)		(198	)		(365	)		(117	)		(602	)		(248	)		(3,870	)
Balance at June 30, 2014	$	(3,228	)	$	(1,063	)	$	(198	)	$	(365	)	$	(117	)	$	(602	)	$	(248	)	$	(5,821	)

Net book value at June 30, 2014	$	25,393		$	2,415		$	2,602		$	7,935		$	3,183		$	19,798			5,352		$	66,678

Goodwill

The following table is a reconciliation of goodwill:

(in thousands)	Total
Cost basis
Balance at December 31, 2013	$	13,954
Additions		33,234
Balance at June 30, 2014	$	47,188

Equity awards (Tables)

6 Months Ended

Jun. 30, 2014

Equity awards [Abstract]

Option Award Activity

The following is a summary of stock option award activity under the Emergent Plans:

	2006 Plan					2004 Plan
	Number of Shares			Weighted-Average Exercise Price		Number of Shares		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Outstanding at December 31, 2013		3,639,995		$	17.01		53,156	$	8.86	$	23,148,738
Granted		1,099,271			27.55		-		-
Exercised		(596,955	)		13.63		-		-
Forfeited		(57,867	)		18.47		-		-
Outstanding at June 30, 2014		4,084,444		$	19.87		53,156	$	8.86	$	17,771,557
Exercisable at June 30, 2014		2,128,797		$	17.72		53,156	$	8.86	$	11,617,808

Restricted Stock Units Activity

The following is a summary of restricted stock unit award activity under the 2006 Plan:

	Number of Shares			Weighted-Average Grant Price		Aggregate Intrinsic Value
Outstanding at December 31, 2013		792,626		$	16.53	$	18,246,611
Granted		549,637			27.55
Vested		(331,864	)		26.95
Forfeited		(28,034	)		18.15
Outstanding at June 30, 2014		982,365		$	22.52	$	22,063,918

Earnings per share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings per share [Abstract]

Summary of Basic and Diluted Net Income per Share

The following table presents the calculation of basic and diluted net income (loss) per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2014		2013		2014			2013
Numerator:
Net income (loss)	$	5,029	$	10,484	$	(15,207	)	$	2,422
Interest expense applicable to convertible debt, net of tax		-		-		-			-
Amortization of debt issuance costs, net of tax		-		-		-			-
Adjusted net income (loss)	$	5,029	$	10,484	$	(15,207	)	$	2,422

Denominator:
Weighted-average number of shares—basic		37,416,554		36,144,063		37,137,015			36,056,297
Dilutive securities—equity awards		916,871		382,951		-			191,476
Dilutive securities—convertible debt		-		-		-			-
Weighted-average number of shares—diluted		38,333,425		36,527,014		37,137,015			36,247,773

Income (loss) per share-basic	$	0.13	$	0.29	$	(0.41	)	$	0.07
Income (loss) per share-diluted	$	0.13	$	0.29	$	(0.41	)	$	0.07

Segment information (Tables)

6 Months Ended

Jun. 30, 2014

Segment information [Abstract]

Segment Information

	Reportable Segments
(in thousands)	Biodefense		Biosciences			All Other			Total
Three Months Ended June 30, 2014
External revenue	$	91,103	$	19,222		$	-		$	110,325
Net income (loss)		22,416		(15,001	)		(2,386	)		5,029
Three Months Ended June 30, 2013
External revenue	$	82,402	$	34		$	-		$	82,436
Net income (loss)		24,996		(14,156	)		(356	)		10,484

Six Months Ended June 30, 2014
External revenue	$	138,542	$	25,667		$	-		$	164,209
Net income (loss)		23,828		(34,510	)		(4,525	)		(15,207	)
Six Months Ended June 30, 2013
External revenue	$	124,561	$	975		$	-		$	125,536
Net income (loss)		29,606		(25,528	)		(1,656	)		2,422

Summary of significant accounting policies (Details)	6 Months Ended
Summary of significant accounting policies (Details)	Jun. 30, 2014 Criteria
Summary of significant accounting policies [Abstract]
Basic criteria for revenue recognition	4

Acquisitions (Details) - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Feb. 21, 2014

Aug. 01, 2013

Jun. 30, 2014

Mar. 31, 2014

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 11, 2013

Estimated Purchase Price [Abstract]

Goodwill

$ 47,188,000

$ 13,954,000

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

(3,870,000)

Corporate Trade Name [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

(198,000)

Licensed Products [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

(117,000)

Biosciences [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

691,000

Biodefense [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

$ 389,000

Contract Manufacturing [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 3,500,000

RSDL [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

(1,760,000)

Manufacturing Agreement [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

(580,000)

Cangene [Member]

Business Acquisition [Line Items]

Price paid per share of acquisition (in dollars per share)

$ 3.24

Estimated Purchase Price [Abstract]

Cash

$ 43,631,000

Accounts receivable

19,940,000

Inventory

^[1]

52,619,000

Prepaid expenses and other assets

2,375,000

Property, plant and equipment

40,264,000

Deferred taxes, net

18,371,000

Income tax receivable

2,940,000

Accrued liabilities and Accounts Payable

(22,916,000)

Provision for chargebacks

(3,940,000)

Contingent consideration

(5,776,000)

Deferred revenue

(6,378,000)

Total fair value of tangible assets acquired and liabilities assumed

141,130,000

Acquired in-process research and development

8,500,000

Acquired intangible assets

40,400,000

Goodwill

31,770,000

Total purchase price

221,800,000

Step up adjustment to inventory

6,200,000

Amortization period of step up adjustment

5 years

Intangible Assets Acquired [Abstract]

Transaction costs

3,700,000

$ 3,700,000

Inception to date transaction costs

7,000,000

Business Acquisition, Pro Forma Information [Abstract]

Pro forma revenue

$ 191,688,000

$ 191,700,000

Pro forma net income

(17,782,000)

$ (3,838,000)

Amortization for intangible assets

$ 1,530,000

1,100,000

Present value discount rate (in hundredths)

16.00%

Recognized revenues

$ 40,200,000

Net loss attributable to Emergent BioSolutions Inc.

5,900,000

Cangene [Member] | Corporate Trade Name [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 2,800,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

5 years

Cangene [Member] | Marketed Products [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 8,300,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

10 years

Cangene [Member] | Licensed Products [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 3,300,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

7 years

Cangene [Member] | Biosciences [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

928,000

Cangene [Member] | Biodefense [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 20,400,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

12 years

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

602,000

Cangene [Member] | Contract Manufacturing [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 5,600,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

8 years

HPPD [Member]

Estimated Purchase Price [Abstract]

Property, plant and equipment

1,543,000

Accrued liabilities and Accounts Payable

(1,464,000)

Amount of cash paid to Bracco Diagnostics, Inc.

25,873,000

Contingent purchase consideration

16,232,000

Acquired intangible assets

32,099,000

Goodwill

9,916,000

Other

11,000

Total purchase price

$ 42,105,000

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

118 months

8 years

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

$ 1,200,000

$ 2,300,000

Weighted average amortization period

80 months

Recognized revenues

11,200,000

Net loss attributable to Emergent BioSolutions Inc.

1,900,000

HPPD [Member] | Minimum [Member]

Business Acquisition, Pro Forma Information [Abstract]

Contingent consideration, percentage of RSDL net sales (in hundredths)

5.00%

HPPD [Member] | Maximum [Member]

Business Acquisition, Pro Forma Information [Abstract]

Contingent consideration, percentage of RSDL net sales (in hundredths)

10.00%

HPPD [Member] | Biodefense [Member]

Business Acquisition, Pro Forma Information [Abstract]

Amortization for intangible assets

$ 0

HPPD [Member] | RSDL [Member]

Estimated Purchase Price [Abstract]

Acquired intangible assets

$ 28,600,000

HPPD [Member] | Manufacturing Agreement [Member]

Intangible Assets Acquired [Abstract]

Finite-Lived Intangible Asset, Useful Life

3 years

[1]

Acquired inventory reflects a $6.2 million adjustment to record inventory at fair value, referred to as a step-up adjustment. The $6.2 million step-up was estimated to be amortized through cost of product sales and contract manufacturing over the next five years based on estimated inventory turnover, which will increase costs of product sales and contract manufacturing during such period.

Fair value measurements (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Unobservable Input Reconciliation [Roll Forward]

Balance, beginning of period

$ 16,619

Expense (income) included in earnings

1,630

Settlements

(1,019)

Purchases, sales and issuances

5,776

Transfers in/(out) of Level 3

Balance, end of period

$ 23,006

23,006

Change in fair value of contingent obligations

1,218

1,630

$ 0

Fair Value, Measurements, Recurring [Member]

Assets:

Investment in money market funds (1)

^[1]

57,108

$ 37,701

Total assets

57,108

37,701

Liabilities:

Contingent purchase consideration

23,006

16,619

Total liabilities

23,006

16,619

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]

Assets:

Investment in money market funds (1)

^[1]

57,108

37,701

Total assets

57,108

37,701

Liabilities:

Contingent purchase consideration

Total liabilities

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]

Assets:

Investment in money market funds (1)

^[1]

Total assets

Liabilities:

Contingent purchase consideration

Total liabilities

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Assets:

Investment in money market funds (1)

^[1]

Total assets

Liabilities:

Contingent purchase consideration

23,006

16,619

Total liabilities

$ 23,006

$ 16,619

[1]	Included in cash and cash equivalents in accompanying consolidated balance sheets.

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Inventories [Abstract]
Raw materials and supplies	$ 15,033	$ 2,656
Work-in-process	32,962	9,819
Finished goods	18,035	2,168
Total inventories	$ 66,030	$ 14,643

Intangible assets, in-process research and development and goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		$ 32,099
Additions	$ 40,400
Intangible Assets, Ending Balance	72,499	72,499	$ 32,099
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		(1,951)
Amortization	(3,870)
Accumulated Amortization, Ending Balance	(5,821)	(5,821)	(1,951)
Net book value of intangible assets	66,678	66,678
Goodwill, Cost Basis [Abstract]
Goodwill, Beginning Balance		13,954
Goodwill, Additions	33,234
Goodwill, Ending Balance	47,188	47,188	13,954
Goodwill, net book value	47,188	47,188	13,954
RSDL [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		28,621
Additions	0
Intangible Assets, Ending Balance	28,621	28,621	28,621
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		(1,468)
Amortization	(1,760)
Accumulated Amortization, Ending Balance	(3,228)	(3,228)	(1,468)
Net book value of intangible assets	25,393	25,393
Manufacturing Agreement [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		3,478
Additions	0
Intangible Assets, Ending Balance	3,478	3,478	3,478
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		(483)
Amortization	(580)
Accumulated Amortization, Ending Balance	(1,063)	(1,063)	(483)
Net book value of intangible assets	2,415	2,415
Corporate Tradename [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		0
Additions	2,800
Intangible Assets, Ending Balance	2,800	2,800	0
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		0
Amortization	(198)
Accumulated Amortization, Ending Balance	(198)	(198)	0
Net book value of intangible assets	2,602	2,602
Marketed Products [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		0
Additions	8,300
Intangible Assets, Ending Balance	8,300	8,300	0
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		0
Amortization	(365)
Accumulated Amortization, Ending Balance	(365)	(365)	0
Net book value of intangible assets	7,935	7,935
Licensed Products [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		0
Additions	3,300
Intangible Assets, Ending Balance	3,300	3,300	0
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		0
Amortization	(117)
Accumulated Amortization, Ending Balance	(117)	(117)	0
Net book value of intangible assets	3,183	3,183
Biodefense Products [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		0
Additions	20,400
Intangible Assets, Ending Balance	20,400	20,400	0
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		0
Amortization	(602)
Accumulated Amortization, Ending Balance	(602)	(602)	0
Net book value of intangible assets	19,798	19,798
Contract Manufacturing [Member]
Cost Basis [Abstract]
Intangible Assets, Beginning Balance		0
Additions	5,600
Intangible Assets, Ending Balance	5,600	5,600	0
Accumulated Amortization [Abstract]
Accumulated Amortization, Beginning Balance		0
Amortization	(248)
Accumulated Amortization, Ending Balance	(248)	(248)	$ 0
Net book value of intangible assets	5,352	5,352
Biosciences [Member] \| Biosciences Therapeutics [Member]
Accumulated Amortization [Abstract]
Net book value of intangible assets	50,300	50,300
Biosciences [Member] \| Otlertuzumab [Member]
Accumulated Amortization [Abstract]
Net book value of intangible assets	41,800	41,800
Biosciences [Member] \| IXinity product candidates [Member]
Accumulated Amortization [Abstract]
Net book value of intangible assets	$ 8,500	$ 8,500

Long-term debt (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended		9 Months Ended	12 Months Ended
	Jan. 29, 2014 USD ($) shares $ / shares	Jun. 30, 2014 USD ($) Institution	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013 USD ($)
Long-Term Debt [Line Items]
Payments on borrowings on long-term indebtedness			$ 62,000	$ 2,235
BAML Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Maturity date			Dec. 11, 2018
Maximum borrowing capacity		$ 100,000	$ 100,000
Proceeds from borrowings on long-term indebtedness							$ 62,000
Payments on borrowings on long-term indebtedness			$ 62,000
Credit Agreement [Member]
Long-Term Debt [Line Items]
Number of lending institutions \| Institution		3
Debt covenant, consolidated debt service coverage ratio, minimum			2.50
Debt covenant, leverage ratio, maximum			3.50		4.00	3.75
Debt Instrument, covenant, senior leverage ratio, maximum			2.00
Debt covenant, minimum cash and liquid investments balance		$ 50,000	$ 50,000
2.875% Convertible Senior Notes Due 2021 [Member]
Long-Term Debt [Line Items]
Face amount of debt instrument	$ 250,000
Interest rate, stated percentage (in hundredths)	2.875%
Maturity date	Jan. 15, 2021
Conversion rate of notes per $1,000 principal amount (in shares) \| shares	30.8821
Conversion price per share (in dollars per share) \| $ / shares	$ 32.38
Debt issuance costs	$ 8,300
BAML Term Loan [Member]
Long-Term Debt [Line Items]
Maturity date			Dec. 11, 2018
Maximum borrowing capacity		$ 125,000	$ 125,000

Equity awards (Details)	6 Months Ended
Equity awards (Details)	Jun. 30, 2014 USD ($) shares $ / shares
Restricted Stock Units (RSUs) [Member]
Restricted stock unit award activity [Roll Forward]
Outstanding, beginning of period (in shares)	792,626
Granted (in shares)	549,637
Vested (in shares)	(331,864)
Forfeited (in shares)	(28,034)
Outstanding, end of period (in shares)	982,365
Weighted-Average Grant Price [Roll Forward]
Outstanding, beginning of period (in dollars per share) \| $ / shares	$ 16.53
Granted (in dollars per share) \| $ / shares	27.55
Vested (in dollars per share) \| $ / shares	26.95
Forfeited (in dollars per share) \| $ / shares	18.15
Outstanding, end of period (in dollars per share) \| $ / shares	$ 22.52
Aggregate intrinsic value [Abstract]
Outstanding, beginning of period \| $	$ 18,246,611
Outstanding, end of period \| $	22,063,918
Stock Options Member [Member]
Aggregate Intrinsic Value [Abstract]
Outstanding, beginning of period \| $	23,148,738
Outstanding, end of period \| $	17,771,557
Exercisable, end of period \| $	$ 11,617,808
2006 Plan [Member] \| Stock Options Member [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee	1,000,000
Options outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	3,639,995
Granted (in shares)	1,099,271
Exercised (in shares)	(596,955)
Forfeited (in shares)	(57,867)
Outstanding, end of period (in shares)	4,084,444
Exercisable, end of period (in shares)	2,128,797
Weighted-Average Exercise Price [Roll Forward]
Outstanding, beginning of period (in dollars per share) \| $ / shares	$ 17.01
Granted (in dollars per share) \| $ / shares	27.55
Exercised (in dollars per share) \| $ / shares	13.63
Forfeited (in dollars per share) \| $ / shares	18.47
Outstanding, end of period (in dollars per share) \| $ / shares	19.87
Exercisable, end of period (in dollars per share) \| $ / shares	$ 17.72
Aggregate intrinsic value [Abstract]
Restricted stock unit conversion ratio	2.3
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	4,000,000
2004 Plan [Member] \| Stock Options Member [Member]
Options outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	53,156
Granted (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	0
Outstanding, end of period (in shares)	53,156
Exercisable, end of period (in shares)	53,156
Weighted-Average Exercise Price [Roll Forward]
Outstanding, beginning of period (in dollars per share) \| $ / shares	$ 8.86
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Outstanding, end of period (in dollars per share) \| $ / shares	8.86
Exercisable, end of period (in dollars per share) \| $ / shares	$ 8.86

Variable interest entities (Details) - USD ($)	6 Months Ended
Variable interest entities (Details) - USD ($)	Jun. 30, 2014	Jun. 30, 2013
Selling, General and Administrative Expenses [Member] \| Biosciences [Member]
Variable Interest Entity [Line Items]
Adjustment to noncontrolling interest	$ 453,000
Oxford Emergent Tuberculosis Consortium [Member]
Variable Interest Entity [Line Items]
Adjustment to noncontrolling interest	$ 0	$ 0

Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:
Net income (loss)	$ 5,029	$ 10,484	$ (15,207)	$ 2,422
Interest expense applicable to convertible debt, net of tax	0	0	0	0
Amortization of debt issuance costs, net of tax	0	0	0	0
Adjusted net loss	$ 5,029	$ 10,484	$ (15,207)	$ 2,422
Denominator:
Weighted-average number of shares-basic (in shares)	37,416,554	36,144,063	37,137,015	36,056,297
Dilutive securities-equity awards (in shares)	916,871	382,951	0	191,476
Weighted-average number of shares-diluted (in shares)	38,333,425	36,527,014	37,137,015	36,247,773
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	0	0	0	0
Income (loss) per share-basic	$ 0.13	$ 0.29	$ (0.41)	$ 0.07
Income (loss) per share-diluted	$ 0.13	$ 0.29	$ (0.41)	$ 0.07
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation (in shares)	1,500,000	3,500,000	5,100,000	2,700,000
Convertible debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation (in shares)			8,100,000

Segment information (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment information (Details) $ in Thousands	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2014 USD ($) Segment BusinessUnit	Jun. 30, 2013 USD ($)
Segment Reporting Information [Line Items]
Number of business segments \| Segment			2
Number of business units \| BusinessUnit			2
External revenue	$ 110,325	$ 82,436	$ 164,209	$ 125,536
Net income (loss)	5,029	10,484	(15,207)	2,422
Biodefense [Member]
Segment Reporting Information [Line Items]
External revenue	91,103	82,402	138,542	124,561
Net income (loss)	22,416	24,996	23,828	29,606
Biosciences [Member]
Segment Reporting Information [Line Items]
External revenue	19,222	34	25,667	975
Net income (loss)	(15,001)	(14,156)	(34,510)	(25,528)
All Other [Member]
Segment Reporting Information [Line Items]
External revenue	0	0	0	0
Net income (loss)	$ (2,386)	$ (356)	$ (4,525)	$ (1,656)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details