Mechelen,
Belgium, September 22nd, 2004 - Galapagos Genomics NV, Europe's
leading target discovery company, announced today that it
has created a new business unit for its viral based discovery
and validation service. This unit will operate under the
name Galádeno from the Galapagos facility in Leiden.
The drug discovery business will be conducted from the Mechelen
facility and continue to trade under the name Galapagos.
Commenting on this separation of the service unit, Onno
van de Stolpe, CEO of Galapagos, said “Both Galádeno
and our drug discovery programs have made great progress
this year - with Galádeno now a profitable unit and
our drug discovery based on programs built around proprietary
targets, this separation will allow each unit to grow in
a dedicated way.” Dr Andrea Grant, formerly Galapagos’
Director of Business Development, has been appointed as
Managing Director of Galádeno. “Our adenoviral
reagent and functional screening business is recognised
as the leading target discovery and validation service by
the pharmaceutical industry,” said Dr. Grant “As
an independent unit, Galádeno will be better able
to focus on expanding the business, supporting our customers,
and maintaining our industry-leading position.” Galádeno
will offer both individual adenoviral based siRNA and full-length
gene reagents for drug target discovery and validation.
Furthermore, the company will provide access to its human
drugable genome collections FLeXSelect™ (cDNA) and
SilenceSelect™ (siRNA), for customers wishing to perform
functional screens. In addition, Galádeno will continue
to offer its unique human primary cell based functional
screening platform to partners who wish to apply genome-wide
siRNA and cDNA screening to novel target discovery and drug
mechanism of action studies. “This technology platform
has delivered novel, validated drug targets in five disease
areas within Galapagos own discovery research in the last
twelve months,” noted Dr. Grant, “and as such,
is the most successfully applied functional screening platform
in the industry. Under this new organisational structure
we ensure improved access for the pharmaceutical and academic
communities to our unique adenoviral tools and cellular
screening expertise and continued delivery of value across
the marketplace.” About Galapagos Genomics NV Galapagos
Genomics is a genomics based drug discovery company with
programs in osteoporosis, rheumatoid arthritis, osteoarthritis,
Alzheimer's disease and asthma. Proprietary targets and
compounds resulting from Galapagos’ programs are both
developed internally and selectively out-licensed. Galádeno,
Galapagos’ genomics services unit, provides reagents
and functional screens to leading pharmaceutical, biotech
and nutraceutical companies for rapid identification and
validation of novel drug targets. Galapagos currently employs
78 people, including 22 PhD's, and occupies a discovery
research facility in Mechelen, Belgium, and an independent
reagent and services business unit in Leiden, The Netherlands.
Partners include Bayer, Boehringer Ingelheim, Johnson &
Johnson, Organon, Pfizer, Procter & Gamble, Vertex and
Wyeth. Galapagos was founded in 1999 by Crucell (Nasdaq,
Euronext: CRXL) and Tibotec to exploit Crucell's unique
PER.C6™ technology for target discovery. The shareholders
are Abingworth Management, Apax Partners, Burrill &
Company, AlpInvest Partners, Crucell Holland and Tibotec-Virco.
More information about Galapagos can be found at www.galapagosgenomics.com.
More information about its new service unit, Galádeno,
can be found at www.galadeno.com.
Contact:
Dr. Andrea Grant, Managing Director, Galádeno
+32 477 79 05 83
andi@galapagos.be