Grifols launches its drug, called Xembify, to treat primary and secondary immunodeficiencies in Spain. The country becomes the first nation in the European Union (EU) where the drug is available and already has health authorization from several European countries and the United Kingdom.
Primary immunodeficiencies affect one in 2,000 births. In the case of the secondary ones, it is expected that antibody deficiency may become thirty times more common than primary deficiencies. Among them, those produced in patients with multiple myeloma stand out, a type of cancer of which between 2,500 and 3,000 new cases are diagnosed each year in Spain.
Grifols also plans to launch Xembify in Australia in the second half of the year and continue to drive growth in the United States. In the US market, the drug has been available since 2019, having a good response in patients with these pathologies. In addition, the Spanish company is working on the treatment of patients with hypogammaglobulinemia and recurrent infections with this drug.
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Grifols has been marketing this drug in the United States since 2019
Primary and secondary immunodeficiencies are rare diseases such as chronic inflammatory demyelinating polyneuropathy, Guillain Barré syndrome, Kawasaki disease, multifocal motor neuropathy, chronic immune thrombocytopenia, and myasthenia gravis which are treated with immunoglobulins.
Grifols is a publicly traded Catalan pharmaceutical company. The company’s activity is focused on the research, development, manufacturing, and marketing of plasma-derived products (blood products), intravenous therapy products, and diagnostic systems, among others. The Barcelona plasma production plant is located in the town of Parets del Vallès.
The pharmaceutical company lost €108 million in the first quarter of 2023 due to restructuring costs, according to the latest published economic results. Without taking into account the adjustment plan, the company’s profit would have been €25.7 million.
Revenues from the blood products company rose by 23.2% up to March, reaching €1.56 billion. The company’s gross operating profit (Ebitda) increased by 19%, to €298 million.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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