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Grifols to distribute its saline product in the US via Henry Schein.

M2 PHARMA-March 6, 2018-Grifols to distribute its saline product in the US via Henry Schein

(C)2018 M2 COMMUNICATIONS

Healthcare company Grifols (MCE:GRF) (MCE:GRF.P) (NASDAQ:GRFS) announced on Monday the launch of a US distribution agreement for its saline product with Henry Schein (NASDAQ:HSIC).

Under the terms of the agreement, Henry Schein will market and distribute Grifol's 500ml Normal Saline solution (0.9% Sodium Chloride Injection, USP) in the US market.

Grifol's 500ml Normal Saline solution is manufactured at its industrial complex in Murcia (Spain) and has passed US FDA approval to market this product in the US in 2017.

This agreement marks an important step forward to mitigate the current shortage situation and represents for both companies new possibilities of future commercialization for other products manufactured in Grifols' Murcia and Barcelona facilities.

In 2018, Grifols will continue the expansion of its capacity in its industrial complex in Barcelona (Spain). The expansion includes two new production lines of IV solutions that will enable this plant to add production capacity by an additional 20m units to meet the increasing market demand for this type of product.

Both production plants in Murcia and Barcelona are reportedly accredited by the US FDA, among other regulating bodies, concluded Grifols.

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Publication:M2 Pharma
Geographic Code:4EUSP
Date:Mar 6, 2018
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