January 4, 2022
Grifols acquires its first plasma donation center in Canada
- In a share-purchase agreement, Grifols Canada Therapeutics Inc has acquired Prometic Plasma Resources Inc’s donation center in Winnipeg from Kedrion
- The plasma center will be Grifols’ first in Canada, where in 2020 it bought plasma fractionation and purification facilities that are currently being developed
- Grifols’ commitment to Canada reflects the company’s global strategy enabling countries to reach self-sufficiency in plasma and hemoderivatives
- Notifications will be filed with the applicable Canadian authorities, including Health Canada and the government’s foreign-investment authorities
Barcelona, Spain, January 4, 2022 – Grifols (MCE: GRF, MCE: GRF.P, NASDAQ: GRFS), a global healthcare company and one of world’s top producers of plasma-derived medicines, today announced the acquisition of its first donation center in Canada as part of the company’s commitment to increase the availability of lifesaving plasma medicines in the country.
In a share-purchase agreement, Grifols Canada Therapeutics Inc has acquired Prometic Plasma Resources Inc’s (PPR) donation center in Winnipeg from Kedrion for USD 4 million in cash.
With the center, Grifols furthers its growth strategy in Canada, where it already has a plasma fractionation plant with an annual capacity of 1.5 million liters and two purification facilities that it purchased in 2020. The production plants are currently being developed and are expected to be operational in 2023.
Grifols is already familiar with PPR’s high quality and safety standards through an existing relationship in which the center provides Grifols with anti-Rho(D) plasma.
“We are excited to establish the first Grifols donor center in Canada,” said Víctor Grifols Deu, co-CEO of Grifols, which has a network of more than 350 centers, the world’s largest. “We are clear in our commitment to helping countries globally ensure the availability of lifesaving plasma medicines for their citizens.”
The company has gained deep knowledge of Canada’s plasma market and healthcare system over the more than 30 years it has fractionated Canadian plasma in its U.S. production plants. This contract manufacturing services arrangement enables Grifols to provide plasma-derived medicines that enhance the lives of thousands of Canadian patients.
Grifols will file notifications of the acquisition with the applicable Canadian authorities, including Health Canada and the government’s foreign-investment authorities.
Grifols retained Osborne Clarke, S.L.P. as legal advisor.