Why Grifols Is Trading Higher Today

Grifols GRFS shares are trading higher on Thursday. The company announced it's working with the U.S. biomedical advanced research development authority and the FDA to collect plasma from COVID-19 patients.

The plan is to determine if anti-SARS-CoV-2 hyperimmune globulin therapy can successfully be used to treat COVID-19 disease.

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Grifols is a Spanish multinational pharmaceutical and chemical manufacturer headquartered in Barcelona. The company is a producer of blood plasma-based products and supplies devices, instruments, and reagents for clinical testing laboratories.

Grifols ADR class B shares were trading up 9.34% at $19.43 on Thursday. The stock has a 52-week range between $25.73 and $13.40.