Monday, May 13, 2024

Emergent BioSolutions to lay off employees, shutter Rockville facility

Emergent BioSolutions
of Gaithersburg will lay off 154 workers, and shutter its Rockville manufacturing facility, the company announced as part of a restructuring. It will also eliminate some vacant positions, in an attempt to save $80 million. The biotech firm will scale back its goals to focus on its core businesses: medical countermeasures and NARCAN Nasal Spray. 

"Decisions like these are never easy as they have real impact on many of our dedicated colleagues," Emergent CEO Joe Papa said in a statement. "We are committed to providing resources to those affected as they transition to new opportunities." Emergent will concentrate its operations at sites in Winnipeg, Canada, and Lansing, Michigan.

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