SpainSpain

Plasma giant buys US rival

11.07.2010

Barcelona – While the cash-strapped Spanish government is being stripped of its AAA grade investment rating, one of the giants of the country’s life science industry is on a spending spree. Grifols, a producer of plasma protein therapies, is buying US-based biotherapeutics firm Talecris for approximately EUR2.8bn. The two companies have signed a definitive agreement. The purchase would make Barcelona-based Grifols SA one of the world’s largest makers of medicines from donated blood plasma. The purchase comes just nine months after Talecris raised US$950m in an initial public offering. Talecris’ drugs, which are made from blood plasma, are used to treat genetic and chronic illnesses. Its biggest product is Gamunex, which is used to treat primary humoral immunodeficiency disease, idiopathic thrombocytopenic purpura, and chronic inflammatory demyelinating polyneuropathy. The company formed in 2005 when the two private investment groups Cerberus Capital Management and Ampersand Ventures bought Bayer’s blood-plasma division for US$590m and renamed it Talecris. When they first tried to sell the company in 2008 to Australia’s CSL Ltd, the deal was scrapped after US antitrust regulators objected. An intervention now is less likely. Grifols has a network of about 80 plasma collection centers in the United States that will be merged with Talecris’ network of 69 centers. Grifols expects its purchase to be completed during the second half of 2010.

SpainSpain

08.03.2012

Granada-based Integromics S.L. has teamed up with the Galician Foundation of Genomic Medicine (FPGMX) in Santiago de Compostela to secure a €1m EU grant from the European Regional Development Fund and the Spanish government. With...

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08.03.2012

Oryzon Genomics S.A (Barcelona) is entering preclinical testing with a first-in-class bispecific LSD1/MAO-B inhibitor. In addition to the classic target MAO-B, the drug also blocks histone demethylase LSD1, an epigenetic histone...

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06.03.2012

Granada-based nLife Therapeutics S.L. has raised €5m in total from two venture capitalists. Through Caixa Capital Risc and Caixa Capital Biomed, La Caixa invested €2.5m. The same amount has been placed by Invercaria via its...

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05.03.2012

Ordesa Laboratories has filed a patent for a novel Bifidobacterium strain isolated from infant feces. It has the capacity to combat rotavirus, says a study (Appl. Environ. Microbiol., doi:10.1128/AEM.05548).

SpainSpain

19.12.2011

Madrid – Researchers from Spain and the US have discovered an Ebola-like filovirus in bats in northern Spain. The first known filovirus native to Europe was reported in a study published in the journal PLOS Pathogens...

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15.12.2011

Barcelona - South western Europe gets a new R&D unit in the field of biomolecules. Kymos Pharma, a contract researcher based in Barcelona, has signed an agreement with the French biotechnology group Ipsen to create a R&D group...

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12.12.2011

Barcelona/Saffron Walden – Almirall S.A. and BioFocus announced that they have entered into a collaboration agreement to identify new compounds against key targets in projects aimed at the treatment of respiratory and...

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03.12.2011

Madrid/Abu Dhabi – Spanish biotechs are seeking collaborations with firms in the United Arab Emirates. At the end of November, Grupo Zeltia and 14 other Spanish companies presented their research at the forum “Innovation,...

SpainSpain

01.10.2011

Madrid – The Spanish Minister of Innovation and Science Cristina Garmendia has responded to reports about Roche’s­ delivery stop in Greece and pessimistic expectations for Spain. In Sept­ember, she stressed that the atmosphere...

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