STOCK TITAN

Statement on Issuance of Form FDA 483 at Emergent Bayview Facility

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

The FDA has completed its inspection of Emergent BioSolutions' Baltimore-Bayview facility, providing specific feedback to enhance operations. Emergent is committed to collaborating with the FDA and Johnson & Johnson to address identified issues promptly. While acknowledging the shortcomings, the company expresses confidence in rectifying them quickly, emphasizing its workforce's dedication to producing high-quality COVID-19 vaccines. The press release highlights the importance of maintaining strong relationships with manufacturing partners and outlines the specific steps necessary for operational improvements.

Positive
  • Commitment to resolve FDA feedback on the Baltimore-Bayview facility.
  • Strong dedication from the workforce to ensure quality vaccine production.
Negative
  • Identification of shortcomings in manufacturing processes by the FDA.

GAITHERSBURG, Md., April 21, 2021 (GLOBE NEWSWIRE) -- The U.S. Food and Drug Administration (FDA) has completed its inspection of Emergent BioSolutions’ (NYSE:EBS) Baltimore-Bayview facility and provided specific feedback. Given the heightened focus on this facility, the FDA has proactively shared its findings to keep the public, policymakers and all other stakeholders informed. The issuance of findings by the FDA is normal following a facility inspection and provides direction on the necessary steps to improve operations. Emergent is committed to working with the FDA and Johnson & Johnson to quickly resolve the issues identified.

We deeply value the relationship we have with our manufacturing partners and with the FDA. The FDA’s feedback will help us continue to improve and strengthen the supply chain for Johnson & Johnson’s COVID-19 vaccine. While we are never satisfied to see shortcomings in our manufacturing facilities or process, they are correctable and we will take swift action to remedy them.

We are exceedingly proud of our heroic workforce in Baltimore who have stepped up to work 24/7 to ensure vaccines will be produced with the highest quality and be quickly available to fight this pandemic.

About Emergent BioSolutions
Emergent BioSolutions is a global life sciences company whose mission is to protect and enhance life. Through Emergent’s specialty products and contract development and manufacturing services, Emergent is dedicated to providing solutions that address public health threats. Through social responsibility, Emergent aims to build healthier and safer communities. Emergent aspires to deliver peace of mind to its patients and customers so they can focus on what’s most important in their lives. In working together, Emergent envisions protecting or enhancing 1 billion lives by 2030. For additional information, visit Emergent’s website and follow Emergent on LinkedInTwitter and Instagram.

Safe Harbor Statement
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including statements regarding our supply chain and resolution of the issues identified and any other statements containing the words “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” and similar expressions, are forward-looking statements. These forward-looking statements are based on our current intentions, beliefs and expectations regarding future events. We cannot guarantee that any forward-looking statement will be accurate. The reader should realize that if underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could differ materially from our expectations. Readers are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, we do not undertake to update any forward-looking statement to reflect new information, events or circumstances.

There are a number of important factors that could cause the company's actual results to differ materially from those indicated by such forward-looking statements. The reader should consider this cautionary statement, as well as the risk factors identified in our periodic reports filed with the SEC, when evaluating our forward-looking statements.

Media Contact:
Matt Hartwig
Director, Media Relations
HartwigM@ebsi.com

Investor Contact:
Robert G. Burrows
Vice President, Investor Relations
BurrowsR@ebsi.com 


FAQ

What were the findings of the FDA inspection at Emergent BioSolutions (EBS) facility?

The FDA provided specific feedback aimed at improving operations at Emergent's Baltimore-Bayview facility.

How is Emergent BioSolutions (EBS) addressing FDA inspection issues?

Emergent is committed to working closely with the FDA and Johnson & Johnson to resolve identified issues promptly.

What is the significance of the FDA's inspection findings for EBS's operations?

The findings highlight areas for operational improvements to enhance the production of COVID-19 vaccines.

What does the press release say about the workforce at Emergent BioSolutions (EBS)?

The press release praises the workforce for their dedication in working 24/7 to ensure high-quality vaccine production.

What is the relationship between Emergent BioSolutions (EBS) and the FDA?

Emergent values its relationship with the FDA and aims to use their feedback to strengthen operations and supply chains.

Emergent Biosolutions, Inc.

NYSE:EBS

EBS Rankings

EBS Latest News

EBS Stock Data

507.69M
53.00M
2.09%
57.86%
12.82%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
Link
United States of America
GAITHERSBURG