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Federal government cancels COVID-19 vaccine manufacturer’s multimillion-dollar deal

True Pundit November 9, 2021
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The federal government has canceled a multimillion-dollar deal with COVID-19 vaccine manufacturer Emergent BioSolutions after its facilities were found to have produced millions of contaminated Johnson & Johnson vaccine doses.

Emergent, which is based in Maryland, announced the news in an SEC filing on Thursday.

The company said it would lose about $180 million due to the contract’s termination. The deal, signed last year, was worth $628 million.

Shares of Emergent tumbled on the news and were down more than 41% on Friday afternoon. – READ MORE

Categories: News

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