Emergent BioSolutions Announces Sale of Baltimore-Bayview Manufacturing Site to Syngene International
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Emergent BioSolutions Inc. (NYSE:EBS) has agreed to sell its Baltimore-Bayview manufacturing facility to Syngene International for $36.5 million. The site includes manufacturing, laboratory, warehousing, and office space, equipped with monoclonal antibody manufacturing lines.
March 10, 2025 | 1:30 pm
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Emergent BioSolutions is selling its Baltimore-Bayview manufacturing site to Syngene International for $36.5 million. This move could streamline EBS's operations and provide capital for other strategic initiatives.
The sale of the Baltimore-Bayview site provides Emergent BioSolutions with $36.5 million, which can be used to streamline operations or fund other strategic initiatives. This could positively impact EBS's financial position and operational focus.
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