Emergent appoints former Bausch + Lomb CEO to head company (updated)

Bausch + Lomb

21/02/2024 12:35

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3,4)
       Feb 21 (Reuters) - Emergent BioSolutions  EBS.N  said on
Wednesday it has appointed former Bausch + Lomb  BLCO.TO  CEO
Joseph Papa as head of the life sciences company, effective Feb.
21.
    Shares of the company were up nearly 5% before the bell.
    Papa has 35 years of experience in the healthcare industry
and most recently served as CEO and Chairman at global eye
health company Bausch + Lomb.
    Shares of Emergent have fallen about 90% in the last 12
months, hitting a 16-year low in August, as the company
struggled due to weakness in its contract research business.
    

 (Reporting by Christy Santhosh; Editing by Krishna Chandra
Eluri)
 ((Christy.Santhosh@thomsonreuters.com;))