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Spanish giant Grifols has reached an agreement to buy Research Triangle Park-based Talecris Biotherapeutics (TLCR) in a stock-and-cash deal worth about $3.4 billion, the companies announced Monday morning – just eight months after Talecris went public with an initial offering of stock worth almost $1 billion.
The acquisition would create one of the world’s largest providers of plasma-based therapies, boosting Barcelona-based Grifol’s presence in North America and giving Talecris greater access to foreign markets and increased manufacturing capacity.
Shares of Talecris traded as high as $22.35 in early trading on above average daily trading volume.
Ista Pharmaceuticals (ISTA) posted a first-quarter profit Friday, citing greater sales of its eye drugs and a lack of warrant charges that weighed down its results a year ago.
Ista reported net income of $476,000, or a penny per share. A year ago Ista lost $19.6 million, or 59 cents per share, in the first quarter. Its revenue rose 39 percent to $28.3 million from $20.4 million.
According to Thomson Reuters, analysts expected a loss of 12 cents per share and $28.9 million in revenue.
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