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Grifois, S.A. - GRFS STOCK NEWS

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Grifols, S.A. (NASDAQ: GRFS) is a leading global healthcare company headquartered in Barcelona, Spain, with a legacy of over 75 years dedicated to improving the health and well-being of people around the world. As a vertically integrated plasma derivative producer, Grifols collects plasma and manufactures life-saving plasma-derived therapies. The company’s commitment to innovation and patient care has established it as a benchmark in the plasma collection market and transfusion medicine.

Grifols operates through three main business divisions:

  • Bioscience: This division encompasses all plasma-related activities including research, development, collection, production, and sales of plasma-derived therapies. The acquisition of Talecris in 2011 and Biotest in 2022 significantly expanded the product portfolio, with the biopharma business contributing 84% of sales in 2023.
  • Diagnostic: Providing innovative solutions for safe transfusions, therapy monitoring, and the detection of infectious and autoimmune diseases, this division focuses on research and novel technologies to enhance treatment outcomes and laboratory efficiency.
  • Hospital: Specializing in non-biological pharmaceutical products, the Hospital division meets the diverse needs of healthcare facilities worldwide.

Grifols' latest advancements include the successful phase 4 trial of XEMBIFY® for primary immunodeficiencies, showing non-inferiority in Ig levels with biweekly dosing compared to weekly dosing. Additionally, the phase 2 trial of ABvac40, a potential Alzheimer’s vaccine, demonstrated a robust immune response and some cognitive benefits in patients with early-stage Alzheimer’s disease.

With a global presence in more than 100 countries, Grifols continues to grow its network of plasma donation centers, boasting over 390 locations across North America, Europe, Africa, the Middle East, and China. The company's economic impact in its core countries of operation was EUR 9.6 billion in 2022, generating 193,000 jobs including indirect and induced employment.

Grifols' class A shares are listed on the Spanish Stock Exchange as part of the Ibex-35 (MCE:GRF), while non-voting class B shares are listed on the Mercado Continuo (MCE:GRF.P) and the U.S. NASDAQ through ADRs (NASDAQ:GRFS).

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Grifols has opened its 300th plasma donor center in Worcester, Massachusetts, marking a significant milestone for the company. This facility, part of the largest global network of plasma donor centers, aims to address the urgent need for plasma donations, which have been declining due to the COVID-19 pandemic. With over 350 centers worldwide, Grifols plans to operate 370 centers by the end of 2021. Plasma is crucial for creating lifesaving therapies for patients with chronic and rare diseases.

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Grifols has launched its new ALBUTEIN FlexBag™, offering albumin in 5% and 25% concentrations, catering specifically to U.S. hospitals and pharmacies. This innovation features an easy-to-use port, minimizing bubble accumulation and needle stick risks. The FDA approved the 5% and 25% concentrations earlier in 2021, with a focus on sustainability, reducing the carbon footprint by 40% during manufacturing. This launch underscores Grifols' commitment to research and innovation, expanding its plasma-derived medicine portfolio to enhance patient care.

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Grifols has launched HyperHEP B, a new formulation of hepatitis B immune globulin, approved by the FDA in December 2020, specifically for postexposure prophylaxis against hepatitis B. The product, utilizing a unique purification process, aims to enhance safety standards and reduce procoagulant activity. HyperHEP B is expected to serve approximately 800,000 to 1.4 million infected individuals in the U.S., with three different presentation sizes available. Grifols' ongoing commitment includes donating six million international units to underserved countries.

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Grifols has announced the opening of the first AMBAR® Center in Barcelona, collaborating with Ace Alzheimer Center Barcelona. This center aims to collect real-world data from the AMBAR® clinical program, which uses periodic plasma exchange to slow cognitive and functional decline in Alzheimer's patients. The partnership aims to enhance the treatment and management of Alzheimer's with plans for future centers in the EU, U.S., and China. Over 35 million people globally suffer from Alzheimer's, emphasizing the significance of this innovation.

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Grifols has partnered with the government of Andorra to create the Pyrenees Immunology Research Center (PYIRC), a modern facility aimed at advancing immunology research and therapy development. The center, set to open in 2023, will focus on immune system disorders, such as autoimmunity and cancer, and will attract international experts. Grifols will own 80% of the joint venture and invest approximately €25 million in construction, with €7 million in annual operating costs. This initiative aligns with Andorra's economic diversification goals in biotechnology and innovation.

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Grifols announced a donation of 240 million international units of blood clotting factor medicines to the World Federation of Hemophilia from 2022 to 2030, bringing total contributions to over 440 million IU since 2014. This support aims to treat approximately 3,000 patients annually in developing countries, addressing global health inequities. Grifols' commitment reinforces its dedication to the hemophilia community and aligns with its mission to improve health access globally.

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Grifols, S.A. (NASDAQ: GRFS), announced the filing of its 2020 Annual Report on Form 20-F with the SEC on April 9, 2021. This report includes audited financial statements for the fiscal year that ended on December 31, 2020. The Form 20-F can be accessed on both Grifols' website and the SEC's site. Shareholders can request a hard copy of the report, free of charge. Grifols is a global healthcare company focused on innovative solutions across its four divisions: Bioscience, Diagnostic, Hospital, and Bio Supplies, impacting the economy with EUR 7.5 billion and creating 140,000 jobs in 2020.

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Grifols announced that its Phase 3 ITAC clinical trial for anti-coronavirus immunoglobulin did not achieve its primary endpoints. Despite this setback, the company is pursuing over 20 ongoing research efforts to identify COVID-19 treatment options. Grifols will collaborate on international studies involving intravenous and subcutaneous hyperimmune globulins for COVID-19 patients, along with evaluating other plasma-derived treatments. The trial enrolled nearly 600 patients across multiple countries, but the failure to meet primary endpoints raises concerns about the efficacy of the treatment.

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Grifols (NASDAQ: GRFS) has announced the installation of its DG Reader Net semi-automated analyzer at ThedaCare Medical Center-Wild Rose in Wisconsin, marking its first in North America. This advanced system enhances pre-transfusion blood type compatibility testing by automating the reading of DG Gel cards, significantly reducing manual errors. The implementation will enable quicker results, crucial for timely blood transfusions in critical care settings. Grifols aims to improve patient safety and efficiency in laboratories, reinforcing its commitment to innovative diagnostic solutions.

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Grifols has installed its first DG Reader Net semi-automated analyzer in North America at ThedaCare Medical Center-Wild Rose, Wisconsin. This innovative platform automates blood type compatibility testing, offering improved efficiency by providing results in minutes, crucial for critical care environments. The system minimizes manual errors by uploading results directly to the Laboratory Information System, enhancing patient safety. With a growing network of donation centers and a strong presence in the healthcare sector, Grifols continues to innovate in diagnostic solutions to improve healthcare delivery.

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FAQ

What is the current stock price of Grifois, S.A. (GRFS)?

The current stock price of Grifois, S.A. (GRFS) is $9.47 as of November 15, 2024.

What is the market cap of Grifois, S.A. (GRFS)?

The market cap of Grifois, S.A. (GRFS) is approximately 6.5B.

What does Grifols, S.A. specialize in?

Grifols specializes in the collection of plasma and the manufacturing of plasma-derived therapies. It also provides diagnostic solutions and non-biological pharmaceutical products.

Where is Grifols headquartered?

Grifols is headquartered in Barcelona, Spain.

What are the main business divisions of Grifols?

Grifols operates through three main divisions: Bioscience, Diagnostic, and Hospital.

What recent advancements has Grifols made?

Recent advancements include the phase 4 trial of XEMBIFY® for primary immunodeficiencies and the phase 2 trial of ABvac40 for early-stage Alzheimer’s disease.

What is Grifols' market presence?

Grifols has a global presence in more than 100 countries and operates over 390 plasma donation centers.

How has Grifols impacted the economy?

In 2022, Grifols' economic impact was EUR 9.6 billion, generating 193,000 jobs including indirect and induced employment.

Where are Grifols' shares listed?

Grifols' class A shares are listed on the Spanish Stock Exchange as part of the Ibex-35 (MCE:GRF). Non-voting class B shares are listed on the Mercado Continuo (MCE:GRF.P) and on the NASDAQ through ADRs (NASDAQ:GRFS).

What are the core areas of treatment Grifols focuses on?

Grifols focuses on treating conditions in immunology, hepatology, intensive care, pulmonology, hematology, neurology, and infectious diseases.

What is XEMBIFY®?

XEMBIFY® is a 20% solution of purified human immunoglobulin used for treating primary immunodeficiency diseases.

What is the significance of the ABvac40 trial?

The ABvac40 trial showed a robust immune response and some cognitive benefits in early-stage Alzheimer’s disease, indicating its potential as a therapeutic candidate.

Grifois, S.A.

Nasdaq:GRFS

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GRFS Stock Data

6.48B
261.43M
58.25%
0.64%
Drug Manufacturers - General
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