The acquisition gives the company a monopoly over the paid-plasma industry in Canada
says it will acquire the last remaining Canadian-owned private blood-plasma-collection centres in order to fulfill a contract it signed with Canadian Blood Services last year, giving the company a monopoly over the paid-plasma industry in Canada.
The move cements the publicly traded company’s position as a key part of Canada’s blood system. Grifols has long sold medical products to Canadian Blood Services that are made from plasma, a straw-coloured, protein-rich fluid found in blood. Graham Sher, the blood agency’s long-time chief executive officer, hailed the development as the public and private sectors working hand-in-hand. “It also further mitigates Canadian Blood Services’ encroachment concerns by aligning commercial plasma activity to the national blood system via contractual controls,” he said in a statement, referring to a clause of the agreement that allows the agency to veto Grifols locations for 15 years.
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