Benzinga | May 12, 2021 01:35PM EDT

Emergent Initiates Quality Enhancement Plan For Troubled Baltimore Vaccine Facility

* Emergent BioSolutions Inc (NYSE: EBS) has been in headlines after its Baltimore plant has drawn the scrutiny of the FDA.

* A manufacturing mix-up ruined 15 million Johnson & Johnson (NYSE: JNJ) COVID-19 vaccine doses at the Baltimore plant.

* Last month, the FDA completed its inspection of the troubled vaccine manufacturing plant and released a couple of blistering observations on the cross-contamination, sanitary issues, and lack of staff training.

* Today, Emergent responded to FDA's observations with a comprehensive quality enhancement plan.

* Emergent said it has already started making improvements and is committed to making the necessary short and long-term enhancements to meet or exceed FDA's standards.

* The company is continuing into an ongoing dialogue with the FDA and Johnson & Johnson to resume production.

* Price Action: EBS shares are trading 1.3% higher at $59.55 during the market session on the last check Wednesday.