Galapagos
expands its collaboration with Serono
Galapagos’ service division BioFocus to provide
library compounds and expand medicinal chemistry services for
Serono’s drug discovery programs
Mechelen, Belgium; October 18, 2005 – Galapagos (Euronext
Brussels: GLPG; Euronext Amsterdam: GLPGA) announced today that
its services division BioFocus has reached agreement with the
Swiss pharmaceutical company Serono to supply biologically-directed
library compounds from its SoftFocus® collection throughout
2005-2006 for Serono’s emerging drug discovery programs.
Furthermore, medicinal chemistry services already being provided
by BioFocus will be expanded further to accelerate Serono’s
existing programs.
The unique combination of BioFocus’ and Serono’s
capabilities have proven to be highly fruitful, and it is envisaged
that this increased collaboration will lead to further drug
discovery programs between the two companies.
Under
the terms of the agreement, Galapagos will receive technology
access fees for library compounds, plus a fee-for-service component
for medicinal chemistry services.
“This
expanded agreement with Serono fits very well within our strategy
to provide integrated drug discovery services to pharma and
biotech companies,” said Onno van de Stolpe, Chief Executive
Officer of Galapagos, “We are pleased that our new division
BioFocus has been able to secure this important deal for Galapagos.”
About
Galapagos
Galapagos
is a publicly traded, genomics-based drug discovery company
(Euronext Brussels, GLPG; Euronext Amsterdam, GLPGA) that has
drug discovery programs based on proprietary, novel targets
in the bone and joint diseases - osteoarthritis, osteoporosis
and rheumatoid arthritis. Galapagos offers a full suite of target-to-drug
discovery products and services to pharmaceutical and biotech
companies through its division BioFocus, encompassing target
discovery and validation, and drug discovery services through
to delivery of pre-clinical candidates. In addition, BioFocus
provides adenoviral reagents for rapid identification and validation
of novel drug targets and compound libraries for screening.
Galapagos currently employs 193 people, including 74 PhDs, and
occupies facilities in Mechelen, Belgium, Saffron Walden, UK
and Leiden, The Netherlands. The partners of Galapagos include
Amgen, AstraZeneca, Bayer, Boehringer Ingelheim, Celgene, GlaxoSmithKline,
Novartis, Organon, Serono, Vertex, and Wyeth. More information
about Galapagos and BioFocus can be found at www.glpg.com.
CONTACT
Galapagos
NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
ir@galapagos.be