Biotech Values

[DewDiligence]

After a 1-year delay (#msg-50961841), the Grifols-TLCR merger closes today, creating one of the world’s largest plasma-protein companies:

http://finance.yahoo.com/news/Grifols-and-Talecris-prnews-3003366758.html?x=0&.v=1

TLCR was a 2005 spinoff from Bayer. It tried to be acquired by CSL (the world’s largest plasma-protein company), but this was blocked by the FTC (#msg-38107926). Instead, TLCR IPO’d in 2009, but it was always crystal clear that the goal was to be acquired.