BAR­DA, Emer­gent BioSo­lu­tions break off $600M Covid-19 vac­cine man­u­fac­tur­ing deal

Af­ter a fi­as­co sur­round­ing the con­t­a­m­i­na­tion of Covid-19 vac­cine dos­es in its fa­cil­i­ties — dur­ing a time in which vac­ci­nat­ing res­i­dents was dire to Amer­i­ca’s re­turn to nor­mal­cy — Emer­gent BioSo­lu­tions’ $600 mil­lion man­u­fac­tur­ing deal with the US gov­ern­ment has come to an end.

CEO Bob Kramer said that the two par­ties “mu­tu­al­ly agreed” to ter­mi­nate the con­tract in an earn­ings call with in­vestors Thurs­day, evap­o­rat­ing about $180 mil­lion in deal val­ue.

Endpoints News

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.