Grifols acquires 40% of Spanish biotech firm VCN Bioscience
Spanish health care group Grifols (GRLS: MC), the world's third largest plasma product manufacturer, has acquired 40% of the equity of Catalan biotechnology firm VCN Biosciences, dedicated to the R&D of new therapeutic approaches for tumors for which there is no effective treatment. Financial terms of the transaction were not disclosed.
VCN focuses specifically on the development of new cancer treatment agents based on highly selective oncolytic adenoviruses1 with the potential to be deployed against tumors. The company's most advanced project focuses on the treatment of pancreatic cancer.
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