•A member of the Vaccine Education Center at the Children's Hospital of Philadelphia, Dr. Paul Offit, joins"GMA" to discuss the latest on J&J vaccines.For Emergent BioSolutions, Feb. 8 was a day to revel in their success -- at least as far as the public was concerned.
The disconnect between Kramer's public confidence and the firm's private woes may have landed Emergent in a crisis of its own making. The company now faces an investor lawsuit, threats of additional class-action suits, a congressional investigation, and calls for the Securities and Exchange Commission to probe Kramer's stock activities.
But the deal has been under public scrutiny since early April, when the company first acknowledged that it discarded a batch of Johnson & Johnson vaccines because they"did not meet specifications and our rigorous quality standards." The New York Times later reported that Emergent had, since October 2020, thrown out millions of doses' worth of AstraZeneca's vaccine as a result of similar issues.
At least three other law firms have separately begun soliciting investors to join a prospective class-action lawsuit against the company. An Emergent spokesperson said these efforts were also without merit.Outside of the courts, lawmakers have taken notice of public reporting on Emergent. Rep. Carolyn Maloney, D-N.Y., the chairwoman of the House Oversight and Reform Committee, and Rep.
An Emergent spokesperson explained that Kramer's transactions were scheduled in November, long before they were executed -- a practice frequently used by corporate executives to avoid suspicion of trading on insider information, which is illegal.
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BioSolutions? More like BioProblems
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: Forbes - 🏆 394. / 53 Read more »
Pfizer Will File For Full FDA Approval By End Of May, Expects $26 Billion In Vaccine RevenuePfizer will file for full FDA approval by the end of May—expects $26 billion in vaccine revenue No wonder vaccines are being pushed down our throats. What do you think the kickbacks are from their special interest groups in DC?
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U.S. backs waiving patent protections for Covid vaccines, citing global health crisisThe Biden administration announces that it supports waiving intellectual patent protections for Covid-19 vaccines. ylanmui has the story. ylanmui That’s a great way to discourage future vaccine development. ylanmui Again, advanced technology is US future. We heavily invested in R&D because we want to keep lead in technology. Other nations hack US corporations for vaccines information. It’s hard to understand why US may allow the technology transfer. That means we give up our future. ylanmui Should announce wavering intelligence of Trump supporters.
Source: CNBC - 🏆 12. / 72 Read more »
Pfizer, BioNTech agree to send doses to vaccinate Olympic delegationsUnder a deal between Pfizer/BioNTech and the International Olympics Committee, they agreed to donate additional vaccine doses to ensure that those going to the games have access to them
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