Emergent BioSolutions Receives FDA Approval for OTC NARCAN Nasal Spray New Packaging
Emergent BioSolutions announced that the U.S. Food and Drug Administration, FDA, has approved its supplemental New Drug Application, sNDA, for over-the-counter, OTC, NARCAN Nasal Spray to be packaged in a new carrying case, which includes two blister packs, each enclosed with Quick Start Guide. "Every second counts in an opioid emergency, and our mission at Emergent is to ensure that life-saving tools like OTC NARCAN(R) Nasal Spray are readily available, easily accessible and are second nature to carry," said Paul Williams, senior vice president, head of products business, global government and public affairs at Emergent. "In response to the ongoing opioid overdose epidemic, we believe this new carrying case is an additional option for our customers and consumers to acquire, while encouraging preparedness and expanding accessibility to help save lives."
Get Free Real-Time Notifications for Any Stock
Analyst Views on EBS
About EBS
About the author

Emergent BioSolutions (EBS) Sued for Insider Trading, Agrees to $900K Settlement
- Insider Trading Lawsuit: New York Attorney General Letitia James has sued former CEO Robert G. Kramer for allegedly using nonpublic information to trade Emergent stock in 2020, undermining public trust.
- Settlement Agreement: Emergent has agreed to pay $900,000 in penalties and strengthen executive stock trading controls and policies, demonstrating the company's commitment to compliance and ethical governance.
- Vaccine Production Issues: The lawsuit highlights contamination problems discovered by Emergent in September and October 2020, leading to an FDA order to halt AstraZeneca production in April 2021, which adversely affected the company's production capacity and market reputation.
- Trading Plan Controversy: Kramer’s trading plan, approved in November 2020, allowed him to sell shares in January and February 2021, netting over $10.1 million, illustrating the legal risks associated with executive trading under insider information.

Emergent Biosolutions' Former CEO Sued for Insider Trading, Facing $900,000 Penalty
- Insider Trading Allegations: New York Attorney General Letitia James has sued Emergent's former CEO Robert Kramer for insider trading, alleging he executed a trading plan while aware of manufacturing and contamination issues, leading to a 13% drop in the company's stock price.
- Contract Background: Emergent inked a $261 million contract with AstraZeneca in 2020 to produce COVID-19 vaccines, but large quantities were rendered unusable due to contamination, adversely affecting the company's reputation and financial health.
- Fines and Settlement: Emergent agreed to pay $900,000 in penalties as part of a settlement with the Attorney General, while committing to improve executive trading policies to prevent future violations, demonstrating the company's focus on compliance.
- Market Reaction: Despite facing legal challenges, Emergent's stock has gained 15% over the past 12 months, and investor sentiment on Stocktwits shifted from 'bullish' to 'extremely bullish', indicating market confidence in the company's future prospects.








