- Sustainability
- DE&I
- Pandemic
- Finance
- Legal
- Technology
- Regulatory
- Global
- Pricing
- Strategy
- R&D/Clinical Trials
- Opinion
- Executive Roundtable
- Sales & Marketing
- Executive Profiles
- Leadership
- Market Access
- Patient Engagement
- Supply Chain
- Industry Trends
Emergent BioSolutions Reveals New Financial Plan
Strategy includes a layoff of nearly 400 employees.
With the goal of strengthening its core business and financial position, Emergent BioSolutions has announced it is de-emphasizing focus on growth in its contract development and manufacturing (CDMO) services business. Additionally, the organization will be reducing operations at facilities in Baltimore, Md. and Canton, Mass., resulting in a cutback of approximately 400 employees across the company.
Emergent expects the cuts to save an estimated $100 million a year. Due to the strategic shift away from the service business, it will be eliminating the chief operating officer position. As a result, current chief operating officer Adam Havey will exit the company on September 30, 2023.
“The actions we are taking will further strengthen our core products business and financial foundation,” said Haywood Miller, interim CEO, Emergent, in a company press release. “This will better align Emergent’s businesses with a focus on our core products and delivering for the needs of our customers. It will provide us with flexibility to respond to future customer demand while responsibly maintaining manufacturing infrastructure deemed critical to respond to public health threats.”
Reference: Emergent BioSolutions Announces Strategic Steps to Strengthen Core Business and Financial Position. Emergent. August 8, 2023. Accessed August 9, 2023. https://investors.emergentbiosolutions.com/news-releases/news-release-details/emergent-biosolutions-announces-strategic-steps-strengthen-core
Johnson & Johnson Seeks FDA Approval for Subcutaneous Tremfya Regimen for Ulcerative Colitis
November 22nd 2024Johnson & Johnson has submitted a supplemental Biologics License Application to the FDA for a subcutaneous induction regimen of Tremfya for adults with moderately to severely active ulcerative colitis based on positive Phase III ASTRO trial results.
Key Findings of the NIAGARA and HIMALAYA Trials
November 8th 2024In this episode of the Pharmaceutical Executive podcast, Shubh Goel, head of immuno-oncology, gastrointestinal tumors, US oncology business unit, AstraZeneca, discusses the findings of the NIAGARA trial in bladder cancer and the significance of the five-year overall survival data from the HIMALAYA trial, particularly the long-term efficacy of the STRIDE regimen for unresectable liver cancer.
Fake Weight Loss Drugs: Growing Threat to Consumer Health
October 25th 2024In this episode of the Pharmaceutical Executive podcast, UpScriptHealth's Peter Ax, Founder and CEO, and George Jones, Chief Operations Officer, discuss the issue of counterfeit weight loss drugs, the potential health risks associated with them, increasing access to legitimate weight loss medications and more.
