GRIFOLS- 2Q18 Comments
Grifols, the Spanish provider of biological medicines, reported a good set of 2Q18 results, in line with those of the previous quarter. Yoy sales were down 3.0% to €1,131m mainly due to a negative FX change (EUR/USD), while organic sales growth came in at a satisfactory +6.7% similar to last quarter (+7.4%.)
Grifols is engaged in developing, manufacturing and distributing a range of plasma derivative products. Plasma derivatives are proteins found in human plasma, which once isolated and purified, have therapeutic value. These protein-based therapies extend the lives of individuals who suffer from chronic and acute conditions. Co. also specializes in providing infusion solutions, nutrition products, medical devices, diagnostic instrumentation and reagents for use in hospitals and clinics. Co.'s products and services are used by healthcare providers in approximately 100 countries. Co.'s business is organized into three divisions: Bioscience, Diagnostic, Hospital and Raw Materials.
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