Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Emergent receives FDA warning letter over quality control issues

Published 08/12/2022, 06:24 PM
Updated 08/12/2022, 06:39 PM
© Reuters. FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

(Reuters) - Emergent BioSolutions Inc said on Friday it had received a warning letter from the U.S. Food and Drug Administration, citing certain deficiencies at the contract drugmaker's manufacturing facility in Baltimore, Maryland.

The FDA pointed to deficiencies in cleaning and maintenance of equipment to prevent contamination of drug product and also recommended the company review its quality control process, Emergent said.

Earlier in August, Emergent had said the FDA had last inspected its facility at Camden in February and was waiting for the agency's feedback. The contract drugmaker said it was also conducting additional reviews with a third party in the meantime to ensure "delivery of medically necessary products".

Emergent has struggled with quality issues at another one of its Baltimore plants that had been making Johnson & Johnson (NYSE:JNJ)'s COVID-19 vaccine.

Manufacturing at Emergent's Bayview plant was briefly halted last year after a discovery that ingredients from AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine, also being produced there at that time, contaminated a batch of J&J's vaccines.

J&J gave notice to terminate its vaccine manufacturing agreement with the contract manufacturer in June.

Shares of Emergent were down 2.3% at $29.80 in after-market trading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.