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Grifols at the Forefront of the Ibex 35

Grifols leads the IBEX 35’s mid-morning gains, rising 3.42% to 9.02 euros, marking its fourth consecutive positive day. Despite falling over 40% for the year, the stock has rebounded 30% from March lows. Grifols announced CE marking for its Procleix ArboPlex Assay test, detecting arboviruses in blood donors, strengthening its product portfolio. The company is also undergoing regulatory scrutiny.




Grifols is once again at the forefront of the IBEX 35 ‘s advances at mid-morning, with a rise of 3.42% to 9.02 euros within a selective that at the same time advanced 0.64%. It is its fourth consecutive day in positive, although in the accumulated of the year the titles still fall more than 40%.

Of course, the price of the blood products company has rebounded 30% from the lows of 6.89 euros marked at the beginning of March.

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Grifols Procleix ArboPlex Assay test

Grifols announced that its new Procleix ArboPlex Assay test has obtained the European Conformity (CE) marking under the In Vitro Diagnostic Regulation (IVDR), the first certification for an automated nucleic acid test (NAT) specifically validated to screen blood donors by detecting four important arboviruses: dengue, Zika, chikungunya and West Nile viruses.

These are the four most worrying arboviruses, all of them transmitted by mosquito vectors. Climate change and increased global connectivity have turned the geographic spread of arboviruses and gradual exposure to them into a major public health problem. In the case of the dengue virus alone, in 2023 more than 5 million cases and 5,000 deaths were recorded worldwide.

The Procleix ArboPlex Assay test uses plasma or serum samples to detect arbovirus RNA, further strengthening Grifols’ Procleix product portfolio for blood donor screening. Currently, the risk of arboviruses in blood donors is evaluated with a monoplex test, a duplex test or by a questionnaire through which donors who declare having previously traveled to or previously resided in arbovirus endemic areas are temporarily suspended.

With Procleix ArboPlex Assay, blood banks and collection centers could decide whether these deferrals are unnecessary when donors who undergo this test test negative.

Grifols 2023 accounts

On the other hand, the National Securities Market Commission (CNMV) pointed out that the blood products multinational has not yet presented the additional information that the regulator required after analyzing its accounts, but is still within the deadline to do so after the request.

“There is no new information to convey on the subject, we made a very exhaustive communication on these issues and the company is still within the deadline to be able to provide additional information,” said Rodrigo Buenventura, president of the CNMV, in statements to the press collected by Efe after his participation in a conference organized by the European Federation of Financial Analyst Societies (EFFAS) in collaboration with the Spanish Institute of Analysts and Acciona.

The regulator informed the company that it was not necessary for Grifols to reformulate its accounts, but it did ask the blood product manufacturer to publish, within a period of fifteen days, a detail of the gross operating profit (ebitda) and the net financial debts to the closing of the fiscal years 2022 and 2023 of the most relevant entities in which it has interests.

On April 1st, the blood products manufacturer Grifols began a new stage at the management level, after the new CEO, Nacho Abia, took office.


(Featured image by Yorgos Ntrahas via Unsplash)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.