A vaccine maker ruined 15 million doses after CEO sold $11 million of stock

Emergent BioSolutions’ stock lost more than half of its value since the disclosure that it ruined as many as 15 million doses of Johnson & Johnson’s Covid-19 vaccine at its Baltimore plant. But the company’s CEO dumped more than $11 million worth of stock ahead of the stock’s massive decline.

Emergent BioSolutions’ stock lost more than half of its value since the disclosure that it ruined as many as 15 million doses of Johnson & Johnson’s Covid-19 vaccine at its Baltimore plant. But the company’s CEO dumped more than $11 million worth of stock ahead of the stock’s massive decline.