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Grifols SA Signs Deal To License Aradigm Corp's Pulmaquin; May Buy 35% Stake In Aradigm Corp-Reuters


Tuesday, 21 May 2013 02:47am EDT 

Reuters reported that Grifols SA said it has signed an exclusive contract to license Aradigm Corp's Pulmaquin compound and may take a stake in the California-based firm. Pulmaquin is a dual release ciprofloxacin for inhalation in non-cystic fibrosis bronchiectasis. In a regulatory filing, Grifols SA said it will invest up to USD 65 million to help develop the compound and may spend USD 25.7 million to buy a 35% stake in Aradigm Corp through a capital hike at the United States firm. 

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