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EBS Emergent Biosolutions Inc

2.76
0.88 (46.81%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Emergent Biosolutions Inc NYSE:EBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.88 46.81% 2.76 1.995 1.87 1.94 2,810,836 01:00:00

FDA Issues Warning Letter to Emergent Biosolutions After February Inspection

12/08/2022 11:01pm

Dow Jones News


Emergent Biosolutions (NYSE:EBS)
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By Kathryn Hardison

 

Emergent Biosolutions Inc. said the Food and Drug Administration has issued a warning letter to the company regarding deficiencies it found in a February inspection of its Camden manufacturing facility in Baltimore, Maryland.

The letter warned of issues related to Emergent's practices for aseptic processing and systems for cleaning and maintaining equipment to prevent contamination of drug product, the company said in a Friday filing with the Securities and Exchange Commission.

The FDA also recommended the company review and assess its quality management system and work with a consultant on manufacturing practices.

Emergent said Friday that it has retained a third party for additional review of the facility while it waited for the FDA's response. The company said it has made "significant investment to upgrade (its) physical capabilities."

"This is a process that doesn't happen overnight, but one to which we are committed," Emergent said.

Shares fell 4.8% to $29.01 in after-hours trading.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

August 12, 2022 17:46 ET (21:46 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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