Biotech & Health

Why Is Gaithersburg’s Emergent BioSolutions Flying High Today?

MBS Staff

Montgomery County biotechs are on a roll; news-after-news release reads with information about how these companies are becoming more critical in helping to fight illnesses like COVID-19 and how they are needed in National medical defense.

One in particular is Gaithersburg-based Emergent BioSolutions, the company’s stock has jumped today rising over 8.5 percent to over $90 per share in early morning trading.

The company has been critical in supplying the U.S. Strategic National Stockpile, where the United States saves large amounts of critical vaccines and drugs.

Today the company announced its taking another big step in the fight against COVID-19 with the announcement that its joining the U.S. Government’s Warp Speed Program in a landmark public-private CDMO Partnership for COVID-19 vaccine development and manufacturing.

The contract is valued at $628 million and the big manufacturing facility beneficiaries will be Rockville and Baltimore.