Mechelen,
Belgium, October 5th, 2004 - Galapagos Genomics NV announced
that it has appointed Raj Parekh, Ph.D. as Chairman and
Wilson Totten, M.D. to the company’s Board of Directors.
“I
am very pleased to have both Raj Parekh and Wilson Totten
join our board at this time,” said Onno van de Stolpe,
Chief Executive Officer. “Their experience in building
major biotechnology companies in drug discovery and development
will be very valuable to Galapagos in our transition into
drug discovery.”
Dr.
Parekh (44) is currently Entrepreneur in Residence at Abingworth,
a UK venture capital company. He co-founded Oxford GlycoSciences
(OGS) in 1988 and was Chief Scientific Officer and Senior
Vice President of Research and was instrumental in the flotation
of the company in 1998 and its recent merger with Celltech.
Dr.
Totten (49) is CEO of ProStrakan, a company formed by the
recent merger of Strakan and Proskelia. Until recently,
he was Group R&D Director at Shire. At Shire, Dr. Totten
was responsible for research and drug development, and involved
in all commercial aspects. Before joining Shire in 1998,
he was Vice President of Clinical R&D with Astra Charnwood
from 1995 to 1997. Before that Dr. Totten was Director of
Drug Development for Fisons Pharmaceuticals and Medical
Director at 3M Health Care.
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’ 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 include Abingworth
Management, Apax Partners, Burrill & Company, AlpInvest
Partners, Crucell Holland and Tibotec-Virco.
More
information about Galapagos can be found at www.galapagosgenomics.com.
Contact:
Onno van de Stolpe, CEO
+31 6290 980 28
onno@galapagos.be