ROCKVILLE, Md.--(BUSINESS WIRE)--May. 21, 2012-- Emergent BioSolutions Inc. (NYSE: EBS) today announced that its Board of Directors has authorized the repurchase of up to $35 million of the company’s common stock from time to time on the open market or in privately negotiated transactions. “This 35 million stock repurchase program reflects our view that our shares, at current prices, are substantially undervalued," said Daniel J. Abdun-Nabi, president and chief executive officer of Emergent BioSolutions. "This presents an opportunity for creating positive shareholder returns and long-term shareholder value while maint...