2013-01-09 07:34:32 -
Mechelen, Belgium; 9 January 2013 - Galapagos NV (Euronext: GLPG) announced
today that it successfully delivered a fifth pre-clinical candidate drug in its
alliance with GlaxoSmithKline (GSK) triggering a milestone payment to Galapagos.
In 2006 Galapagos and GSK initiated a drug discovery and development alliance to
deliver disease modifying drugs for GSK's global R&D organization. In this
alliance Galapagos delivered a fifth candidate drug.
"Since the start of the alliance in 2006, Galapagos has identified five
candidate drugs of which two have been in-licensed by GSK to date," said Onno
van de Stolpe, CEO of Galapagos. "We hope that more programs from this alliance
may enter
the clinic."
About Galapagos' immuno-inflammation alliance with GlaxoSmithKline
Galapagos and GSK initiated an alliance to discover and develop disease-
modifying drugs for GSK's global R&D organization in June 2006. Subject to
achievement of certain milestone events Galapagos has the potential to receive
more than €200 million in total milestone payments, plus up to double-digit
royalties from GSK. GSK has an exclusive option to further develop and
commercialize compounds from the alliance on a worldwide basis.
About Galapagos
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size clinical stage
biotechnology company specialized in the discovery and development of small
molecule and antibody therapies with novel modes-of-action. The Company is
progressing its JAK1 inhibitor GLPG0634, as well as one of the largest pipelines
in biotech, with four programs in development and over 30 discovery programs.
The Galapagos Group has over 800 employees and operates facilities in five
countries, with global headquarters in Mechelen, Belgium. More info at:
www.glpg.com
Contact
Galapagos NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
ir@glpg.com
Galapagos forward-looking statements
This release may contain forward-looking statements, including, without
limitation, statements containing the words "believes," "anticipates,"
"expects," "intends," "plans," "seeks,"
"estimates," "may," "will," "could,"
"stands to," and "continues," as well as similar expressions. Such
forward-
looking statements may involve known and unknown risks, uncertainties and other
factors which might cause the actual results, financial condition, performance
or achievements of Galapagos, or industry results, to be materially different
from any historic or future results, financial conditions, performance or
achievements expressed or implied by such forward-looking statements. Given
these uncertainties, the reader is advised not to place any undue reliance on
such forward-looking statements. These forward-looking statements speak only as
of the date of publication of this document. Galapagos expressly disclaims any
obligation to update any such forward-looking statements in this document to
reflect any change in its expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based, unless
required by law or regulation.
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originality of the information contained therein.
Source: Galapagos NV via Thomson Reuters ONE
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