Emergent BioSolutions Inc. (NASDAQ: EBS) stock gained by 0.61% at last close while the EBS stock price continued to rise by 5.54% in the pre-market trading session. Emergent BioSolutions, based in Gaithersburg, Maryland, is an international speciality biopharmaceutical firm. It creates vaccinations and antibody therapies for infectious illnesses and opioid overdoses, as well as biodefense medical equipment.
Get the hottest stocks to trade every day before the market opens 100% free. Click here now.
What’s going on?
Several law firms including Portnoy law firm has opened investigation against Emergent Biosciences. A class action lawsuit has been filed on behalf of Emergent BioSolutions stockholders who purchased shares between April 24, 2020, and April 16, 2021, according to the Portnoy Law Firm. Interested parties have until June 18, 2021, to take part in the case.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Read More
The Portnoy Law Firm protects investors in corporate malfeasance lawsuits. Over $5.5 billion has been recovered for investors by the Firm’s founding partner. Advertisement for an attorney similar outcomes are not guaranteed based on previous results.
Case Details
Defendants made false and misleading claims and/or omitted to disclose the following during the Class Period, according to the lawsuits:
- Emergent’s Baltimore site has a history of manufacturing failures, raising the possibility of major contaminations.
- As a result of these contamination risks and quality control concerns, the Baltimore plant had earned a series of FDA fines.
- After workers at the factory departed from production requirements, Emergent was compelled to trash millions of doses of COVID-19 vaccinations.
- As a consequence of the aforementioned, the defendants’ public representations concerning Emergent’s ability and capability to mass produce numerous COVID-19 vaccines at its Baltimore plant were materially false and/or misleading, and/or lacked a reasonable foundation. Investors were allegedly harmed when the full information were revealed, according to the complaint.