Grifols Moves Deeper Into Proteome R&D With $146M Deal for Alkahest

Alkahest, a company that analyzes blood proteins to develop therapies that address neurological disorders including Alzheimer’s disease, is set to be acquired by partner Grifols in a $146 million deal.

Grifols (NASDAQ: GRFS) announced Tuesday that it is acquiring the shares of privately held Alkahest that it does not already own. Barcelona-based Grifols says the deal will help it discover new therapies for age-related diseases.

Alkahest develops its therapeutic candidates by analyzing the proteome, the range of proteins produced by cells, tissues and organs. The San Carlos, CA-based biotech’s research on the proteome of plasma identified chronokines, proteins that the... Read more »


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Author: Frank Vinluan

Source : https://xconomy.com/san-francisco/2020/09/08/grifols-moves-deeper-into-proteome-rd-with-146m-deal-for-alkahest/


Date : 2020-09-08T17:41:46.000Z

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