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Emergent Biosolutions shares tumble on news it will lose COVID vaccine production contract with govt’

Emergent Biosolutions shares tumble on news it will lose COVID vaccine production contract with govt'

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Shares of Emergent Biosolutions Inc. [s:ebs] dropped 14% in premarket trading after the company disclosed that the U.S. government had cancelled a contract with the vaccine manufacturer. Emergent’s Baltimore facilities were found in March to have contaminated millions of Johnson & Johnson COVID vaccines, causing production delays that lasted months.

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