Friday, February 23, 2024 |

Emergent BioSolutions initiates layoffs, leadership and structural changes to cut costs

January 10, 2023

Emergent BioSolutions Inc. is reshuffling leadership, consolidating certain functions and laying off about 5% of its workers in a bid to cut costs and focus on key business units. The Gaithersburg company said Monday it’s initiating an “organizational restructuring plan” that will position it to focus on its commercial and medical countermeasures products — its drugs and vaccines that protect against public health threats — as well as its contract development and manufacturing services.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.