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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.
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.
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.
Grifols has finalized its acquisition of GigaGen for USD 80 million, securing 100% ownership. This move strengthens Grifols' innovation strategy, focusing on novel therapies derived from antibodies. GigaGen is recognized for its groundbreaking recombinant biotherapeutic medicines, including GIGA-2050, aimed at treating COVID-19, which is set for a Phase 1 trial. The acquisition aligns with Grifols' long-term growth plan and its commitment to integrating promising R&D projects.
Grifols announced the launch of the world's first scientific journal dedicated to plasma science, coinciding with the 70th anniversary of the plasmapheresis technique. Titled Plasmatology, the journal aims to be the leading reference in plasma research, publishing peer-reviewed articles covering various topics in plasma science. Grifols will provide an educational grant over the next two years to support the journal's establishment. This initiative reinforces Grifols' commitment to research and scientific advancement in plasma-derived therapies, enhancing its leadership position in the industry.
Grifols, a global leader in plasma-derived medicines, announced its PharmacyKeeper Verification software ranked No. 1 in IV Workflow Management in the 2021 Best in KLAS report, marking its fifth consecutive year at the top. This accolade reflects exceptional scores in quality, value, and ease of use across various healthcare facilities. Grifols has committed to supporting clients with COVID-19 vaccine workflows, showcasing its dedication to industry needs. The Best in KLAS rating, based on provider feedback, signifies Grifols' excellence in healthcare technology and services.
Grifols has launched a clinical trial for its anti-SARS-CoV-2 hyperimmune globulin, aimed at treating COVID-19. This randomized controlled trial will assess the product's safety and efficacy in 500 hospitalized adults across 58 hospitals in 18 countries, including the U.S. and Spain. Funded by NIAID, the trial seeks to enhance immune responses when symptoms appear. Grifols leads multiple COVID-19 initiatives and has developed a robust plasma collection program to support treatment efforts during the pandemic.
Grifols has acquired a plasma fractionation plant and purification facilities in Montreal, Canada, for US$370 million, along with 11 U.S.-based plasma centers for US$90 million. This investment, which does not require external financing, marks Grifols as the only large-scale plasma products manufacturer in Canada, enhancing its capacity to produce essential medicines. The acquisition supports Canada's self-sufficiency in plasma-derived therapies and aligns with Grifols' strategy for international growth, particularly in North America, where plasma consumption rates are high.
Grifols has announced its acquisition of Alkahest, Inc. for $146 million, aimed at enhancing its research and development capabilities for age-related diseases. The transaction, debt-free and requiring no additional financing, is subject to antitrust approval and expected to finalize in early 2021. Alkahest specializes in therapies targeting the aging plasma proteome, with over 8,000 proteins identified, promising innovative therapeutic avenues. This strategic move is anticipated to provide synergies in drug development for unmet medical needs associated with aging.