Grifols Breaks Ground on New IVIG Facility


06.10.2008

The new facility represents an expansion of Grifols' existing manufacturing capabilities in Los Angeles."We are committed to continuing to grow our state of the art facilities in Los Angeles and giving back to the community through the creation of new employment opportunities and economic growth," said Gregory Rich, President of Grifols, Inc. the US subsidiary of Grifols, SA. The new facility will provide approximately 300 new jobs to the Los Angeles community and represents an investment of greater than $50 million.

"We commend Grifols' increased commitment to the production of immune globulin therapy. Assuring continued access to this lifesaving medicine means countless people who live with primary immunodeficienies, such as my son, can lead healthy and productive lives," said Marcia Boyle, President and Founder of the Immune Deficiency Foundation, the national patient organization for persons with primary immune diseases. Demand for IVIG has seen steady growth over the past ten years in the US, Europe and other international markets.

Grifols' new production facility will almost double the company's IVIG production capacity and will utilize the same proprietary technologies and process flow designs employed at the company's existing IVIG production facility in Barcelona, Spain that have been pioneered by Grifols Engineering S.A., a wholly owned subsidiary of Grifols S.A. In effect, the new facility will be a twin of the Company's IVIG facility in Barcelona, Spain that was licensed by the US Food and Drug Administration (FDA) last year.

Building this additional production capacity represents one more step in Grifols' multi-year global growth plan to meet increasing patient need for lifesaving plasma therapies. Other elements of the long-range investment plan include expanding plasma collection capacity and additional production and testing facilities. Earlier this year the Company obtained FDA approval of its state of the art bulk processing and aseptic filling facility at its Los Angeles manufacturing complex.