Mar 1, 2021
Emergent BioSolutions is a private company getting rich off government contracts. It has a 628 million dollar deal with the U.S. health department to make Covid vaccines at its factory labs in Baltimore and Rockville, Maryland. Plus it has a 480 million dollar deal with Johnson & Johnson to make its vaccine when the government authorizes it, plus an 87 million dollar deal to produce AstraZeneca’s vaccine.
Emergent has made profits for two decades supplying the anthrax vaccine to the U.S. military to vaccinate soldiers, with production at a factory in Michigan. The company also sells vaccines for smallpox, Ebola, Zika, and Marburg to the government. And several years ago Emergent bought the lab making Narcan, which emergency responders use to treat opioid overdoses. Meanwhile the company has taken millions in tax breaks and never-repaid loans from state governments, including over 11 million dollars from Michigan and Maryland.
Emergent executives are paid millions. Last year they cashed in tens of millions of dollars of their stocks as news of Covid contracts elevated Emergent’s stock price.
Our very lives are dependent on Emergent and drug companies like them. For years, they have pulled maneuvers to put profits over anything else. Drugs that are life and death necessities for people should not be produced for greed and profit. Period!