Mechelen, Belgium and New
York, NY, USA; August 12, 2005 – The High Q Foundation
Inc, a foundation that supports research aimed at finding
diagnoses, treatments, cures and preventions of Huntington
Disease, and Galapagos, a genomics-based drug discovery
company, today announced that they have reached agreement
in principle for a two-year target discovery alliance. The
organizations will apply Galapagos’ adenoviral siRNA
(SilenceSelect®) and cDNA (FLeXSelect®) collections
and expertise in biology driven target discovery and validation
of novel drug targets for the development of new Huntington
Disease therapies. Galadeno, Galapagos’ partnering
unit, will perform the research in this collaboration. Under
the terms of the agreement, Galapagos may receive up to
€2.4 million ($3 million) from the High Q Foundation.
In addition, Galapagos has the option to further develop
certain targets identified in the program. It is anticipated
that the final agreement will be signed before October 1,
2005.
“We are very pleased
with this alliance. Working with the High Q Foundation provides
the resources for Galapagos to use our adenoviral collections
and biological screening expertise to discover drug targets
for Huntington Disease,” said Onno van de Stolpe,
CEO of Galapagos. “Following our alliance with the
Cystic Fibrosis Foundation earlier this year, it is gratifying
that we again are given the opportunity to apply our technology
to a disease area where there is a great need for a treatment.”
“We selected Galapagos
to identify novel targets for Huntington Disease because
of their well established and proven discovery platform”,
said Dr Ethan Signer, Senior Scientific Advisor to High
Q. “We are hopeful that the collaboration will result
in novel targets that could aid in the development of a
new treatment for Huntington Disease.”
About Huntington
Disease
Huntington Disease is a familial disease, passed from parent
to child through a mutation in a gene. Each child of an
Huntington Disease parent has a 50-50 chance of inheriting
the Huntington Disease gene which causes programmed degeneration
of brain cells and results in emotional disturbance, loss
of intellectual faculties and uncontrolled movements. Most
people with Huntington Disease develop the symptoms at midlife
but in some people onset occurs in infancy or old age. The
average survival time after onset is approximately fifteen
to twenty years. It is estimated that about one in every
10,000 persons has the Huntington Disease gene. At this
time, there is no way to stop or reverse the course of Huntington
Disease.
About High Q Foundation
and CHDI, Inc.
The High Q Foundation, Inc. (High Q) and CHDI Inc. are non-profit
organizations that share the mission of bringing together
academia, industry, governmental agencies, and other funding
organizations in the search for Huntington disease treatments.
High Q supports Huntington
Disease research aimed at target identification and validation,
the development and use of animal models, drug delivery,
and the search for markers of disease progression. For more
information about High Q and its support of Huntington Disease
research please see www.highqfoundation.org
or contact Ethan
Signer or Allan
Tobin.
CHDI, Inc. is pursuing a
biotech approach to rapidly discover and develop drugs that
prevent or slow Huntington Disease. Through collaborations
with industrial and academic partners, CHDI, Inc., participates
in all aspects of drug discovery and development from high
throughput screening to preclinical development. For more
information about CHDI, Inc. and its collaborative programs
please see www.chdi-inc.org
or contact Robert
Pacifici (robert.pacifici@chdi-inc.org).
About Galapagos
Galapagos is a publicly traded, genomics-based drug discovery
company (Euronext Brussels, GLPG; Euronext Amsterdam, GLPGA)
that has successfully discovered and validated novel targets
in the bone and joint diseases - osteoarthritis, osteoporosis
and rheumatoid arthritis, as well as in asthma and Alzheimer’s
disease. Proprietary targets and compounds resulting from
these programs are used for Galapagos’ internal drug
discovery programs, combined with selected out-licensing
and partnering of projects during development. Galadeno,
Galapagos’ partnering 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 71 people,
including 17 PhDs, and occupies facilities in Mechelen,
Belgium, and Leiden, The Netherlands. Galapagos’ partners
include Bayer, Boehringer Ingelheim, Celgene, GlaxoSmithKline,
Novartis, Vertex and Wyeth.
More information about Galapagos and Galadeno can be found
at www.glpg.com.