Cystic
Fibrosis Foundation Therapeutics and Galapagos Initiate
Alliance to Discover Drug Targets
Galapagos
and Cystic Fibrosis Foundation Therapeutics Sign €1.3 million*
Agreement
Mechelen, Belgium; Leiden, The Netherlands; and Bethesda, Maryland,
USA; April 14, 2005 - Cystic Fibrosis Foundation Therapeutics,
Inc. (CFFT), the drug discovery and development affiliate of
the Cystic Fibrosis Foundation, and Galapagos, a genomics-based
drug discovery company, have initiated a two-year target discovery
alliance. The organizations will apply Galapagos’ adenoviral
siRNA (SilenceSelect®) and cDNA (FLeXSelect®) collections
and expertise in assay design to discover and validate novel
drug targets for the development of new cystic fibrosis (CF)
therapies. Galadeno, Galapagos’ services unit, will perform
the research in this collaboration. Under the terms of the agreement,
Galapagos will receive €1.3 million*, from CFFT. In addition,
Galapagos has the option to further develop the targets identified
in its drug discovery programs.
“We
are excited about this opportunity to apply our adenoviral collections
and screening expertise to CFFT’s target discovery program,”
said Onno van de Stolpe, CEO of Galapagos. “The fact that
Galadeno has been selected by CFFT to assist them in their research
program underlines the competitive edge of our technology in
finding potential drug targets for various diseases.”
Cystic
fibrosis is a genetic disease affecting approximately 30,000
children and adults in the United States alone. A defective
gene causes the body to produce abnormally thick, sticky mucus
that blocks the airways, leading to life-threatening lung infections,
and that obstructs the pancreas, causing difficulty absorbing
food. The median life expectancy of CF patients has improved
from early childhood to the mid-30s today, but many individuals
battle lung disease for years.
“This
alliance will enable us to apply Galapagos’ innovative
target discovery platform to identify novel targets for the
treatment of CF," said Robert J. Beall, Ph.D., president
and CEO of the CF Foundation and CFFT. "That Galapagos
can also offer us the opportunity to further develop these targets
in their own drug discovery programs was another key consideration
in our decision to join forces with them.”
About the Cystic Fibrosis Foundation and CFFT
The mission of the Cystic Fibrosis Foundation is to assure the
development of the means to cure and control Cystic Fibrosis
(CF) and to improve the quality of life for those with the disease.
With money raised through donations from individuals, corporations
and foundations since its establishment in 1955, the CF Foundation
supports research and care to continue adding tomorrows every
day to the lives of those with CF.
CFFT
is the non-profit drug discovery and development affiliate of
the CF Foundation. CFFT supports and governs activities related
to CF drug discovery through drug development and clinical evaluation.
The CF Foundation provides support to fund CFFT's operations,
specifically the Therapeutics Development Program. For more
information about CF, the Cystic Fibrosis Foundation or CFFT,
visit www.cff.org.
*The
award amount is €1.3 million, which is approximately $1.7
million based on current exchange rates.
About Galapagos
Galapagos is a genomics-based drug discovery company 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’ 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
66 people, including 16 PhDs, and occupies facilities in Mechelen,
Belgium, and Leiden, The Netherlands. Partners include Bayer,
Boehringer Ingelheim, Celgene, GSK, 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,
AlpInvest Partners, Apax Partners, Burrill & Company, Crucell
and Tibotec-Virco.
For
more information about Galapagos, visit www.glpg.com.
Contacts:
Cystic Fibrosis Foundation
Suzanne Pattee
VP, Public Policy and Patient Affairs
+1-301-907-2548
spattee@cff.org
Carolyn
Habbersett
Director of Public Affairs
+1-301-951-4422
chabber@cff.org
Contact
Galapagos:
Onno van de Stolpe, CEO
+32 15 342 900
onno@galapagos.be