Mechelen, Belgium; 3 August 2006 - Galapagos NV
(Euronext & LSE: GLPG), an integrated drug discovery
company, announced today that its service division BioFocus
DPI has entered a new drug discovery collaboration with
AstraZeneca (LSE, NYSE, OMX: AZN), a global pharmaceutical
leader. This collaboration marks the first time AstraZeneca
has selected BioFocus DPI to provide drug discovery services.
Under the terms of the agreement, BioFocus DPI will perform
hit-to-lead medicinal chemistry services for AstraZeneca’s
respiratory and inflammatory drug discovery programs. Total
contract value for Galapagos is €650,000.
“We are very pleased
with this initial contract to support AstraZeneca in developing
novel drugs,” said Onno van de Stolpe, Chief Executive
Officer of Galapagos. “Our world class medicinal chemistry
expertise within BioFocus DPI will be of great use in this
new collaboration and establish the basis for a potentially
long term relationship.”
“We look forward to
complementing our hit-to-lead programs with the medicinal
chemistry expertise of BioFocus DPI. We chose to work with
BioFocus DPI because of their reputation and ability in
modern lead generation methodologies. The ingenuity of their
scientists will bring great value to the project,”
added Dr. Lars-Erik Arvidsson, Vice President R&D Lund,
AstraZeneca. “We are very positive about our new collaboration,
and through this agreement we expect to deliver promising
leads for candidate drugs.”
About Galapagos
Galapagos is a publicly traded, genomics-based drug discovery
company (Euronext Brussels, GLPG; Euronext Amsterdam, GLPGA,
London AiM: GLPG) that has drug discovery programs based
on proprietary, novel targets in 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 DPI, encompassing target discovery
and drug discovery services through to delivery of pre-clinical
candidates. In addition, BioFocus DPI provides adenoviral
reagents for rapid identification and validation of novel
drug targets and compound libraries for drug screening.
Galapagos currently employs more than 330 people, including
144 PhDs, and operates facilities in seven countries, with
global headquarters in Mechelen, Belgium. More information
about Galapagos and BioFocus DPI can be found at www.glpg.com.
About AstraZeneca
AstraZeneca is a major international
healthcare business engaged in the research, development,
manufacture and marketing of prescription pharmaceuticals
and the supply of healthcare services. It is one of the
world's leading pharmaceutical companies with healthcare
sales of €18.7 billion and leading positions in sales
of gastrointestinal, cardiovascular, neuroscience, respiratory,
oncology and infection products. AstraZeneca is listed in
the Dow Jones Sustainability Index (Global) as well as the
FTSE4Good Index. More information about AstraZeneca can
be found at www.astrazeneca.com.
CONTACT:
Galapagos NV
Onno van de Stolpe, CEO
Tel: +31 6 290 980 28
ir@glpg.com
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