Why Emergent Biosolutions Stock Is Crashing Today
The U.S. government canceled a contract related to pandemic preparation.
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The U.S. government canceled a contract related to pandemic preparation.
The federal government has canceled a multimillion dollar deal with a vaccine manufacturer that was found to have produced millions of contaminated Johnson & Johnson vaccine doses this spring.
The federal government's contract with vaccine manufacturer Emergent BioSolutions has been canceled—and as with the end of many troubled relationships, there's disagreement...
During its third quarter earnings presentation, Emergent BioSolutions revealed that its contract to produce COVID-19 vaccines for the U.S. government has been terminated. Since April, the Maryland-based company has been steeped in controversy for ruining millions of COVID-19 vaccine doses because of cross-contamination as it produced shots for AstraZeneca and Johnson & Johnson from its troubled facility in Baltimore.
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