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Galapagos
announces new collaboration agreements and a management appointment
Mechelen,
Belgium; 21 May 2007 – Galapagos NV (Euronext & LSE: GLPG)
announces that its service division BioFocus DPI has signed agreements
with Cancer Research Technology Limited (CRT) and the University
of Rochester Medical Center (URMC). Dr Katherine Hilyard has been
appointed as Vice President, Biological Sciences for BioFocus DPI.
Furthermore, Galapagos announces that it has recruited Clinquest
for assisting the Company in preparation of its clinical trials
for its bone & joint pipeline. Dr Cees Wortel from Clinquest
will operate as Acting Chief Medical Officer for Galapagos.
BioFocus
DPI and CRT have extended the anti-cancer drug discovery collaboration
initially announced in January 2006. Under the terms of the extension,
Galapagos’ service division BioFocus DPI will perform medicinal
chemistry services on a series of CRT anti-cancer drug programs.
In return, CRT will fund the research of four BioFocus DPI scientists
for one year.
BioFocus
DPI and the URMC have entered a new collaboration in the field of
neuroAIDS drug discovery research. The UMRC has selected BioFocus
DPI to develop assays, perform screening, hit characterization and
hit-to-lead medicinal chemistry work. This collaboration is envisioned
to run for three years, with a contract value exceeding €500,000
for BioFocus DPI in the first year. The URMC was recently awarded
a $7 million grant from the US National Institutes of Health (NIH)
to discover new treatments for neuroAIDS (HIV-related nerve damage).
In
line with the progression of the Company’s development programs
towards the clinical testing phase, Galapagos has recruited Clinquest
Inc. (Boston, USA) for assisting the Company in the preparations
to enter its bone & joint programs into the clinic. Dr Cees
Wortel, CEO of Clinquest Group will be Acting Chief Medical Officer
for Galapagos. In this role, Dr Wortel will be responsible for the
design and implementation of the clinical trials for Galapagos’
bone and joint disease programs which are scheduled to start in
2008. Cees Wortel, MD PhD, has over 19 years of product development
experience with pharmaceutical and biotech companies, including
Centocor and Alkermes.
Katherine
Hilyard, PhD, has been appointed Vice President Biological Sciences
for BioFocus DPI and will be leading the biology activities at BioFocus
DPI. She reports to Chris Newton, PhD, Senior Vice President BioFocus
DPI. Her appointment strengthens the operational management of all
three BioFocus DPI divisions which have biology as their core technology.
Dr Hilyard trained at the universities of Bristol, Oxford and Harvard
and has 11 years industrial experience with pharma and biotech,
including Hoffmann-La Roche and Cambridge Antibody Technology (as
Director of Discovery Biology).
“Extending
our relationship with CRT as well as obtaining this new collaboration
with the University of Rochester testifies to our ability to deliver
on projects. The expertise of our biologists and chemists have been
paramount to winning and maintaining contracts,” said CEO
of Galapagos Onno van de Stolpe. “The appointment of Kate
Hilyard and recruitment of Clinquest are key developments for Galapagos
and add breadth of experience in this exciting phase of growth.”
About
Galapagos
Galapagos (Euronext Brussels, GLPG; Euronext Amsterdam, GLPGA; London
AiM: GLPG) is a drug discovery company with clinical and pre-clinical
programs in bone and joint diseases, cachexia, and menopausal hot
flashes. Its division BioFocus DPI offers a full suite of target-to-drug
discovery products and services to pharmaceutical and biotech companies,
encompassing target discovery and validation, screening and drug
discovery through to delivery of pre-clinical candidates. BioFocus
DPI also provides adenoviral reagents for rapid identification and
validation of novel drug targets, compound libraries for drug screening
as well as chemogenomics and ADMET database products to select targets
and compounds. Galapagos currently employs 450 people and operates
facilities in eight countries, with global headquarters in Mechelen,
Belgium.
www.glpg.com
and www.biofocusdpi.com
About
CRT
Cancer
Research Technology Limited (CRT) is a specialist commercialization
and development company, which aims to develop new discoveries in
cancer research for the benefit of cancer patients. CRT works closely
with leading international cancer scientists and their institutes
to protect intellectual property arising from their research and
to establish links with commercial partners. CRT facilitates the
discovery, development and marketing of new cancer therapeutics,
vaccines, diagnostics and enabling technologies. CRT is wholly owned
by Cancer Research UK, the largest independent funder of cancer
research in the world.
www.cancertechnology.com
About
URMC
The
University of Rochester Medical Center is comprised of the School
of Medicine and Dentistry, the School of Nursing, Strong Memorial
Hospital, Golisano Children’s Hospital at Strong, the University
of Rochester Medical Faculty Group, and Dentistry at the University
of Rochester Medical Center. The School of Medicine and Dentistry
ranks among the top 10 percent of medical schools for primary care,
and is among the top 25 percent of medical schools in the nation,
according to U.S. News & World Report. In the most recent visit
from the Liaison Committee on Medical Education, the school received
a perfect score, giving Rochester the highest possible accreditation
status for a medical school. Full, five-year accreditation with
no citations is an achievement earned by few American medical schools.
With more than $140 million in NIH research grants, the medical
center also ranks in the top one-quarter of all US medical centers
in federally funded research.
www.urmc.rochester.edu
About
Clinquest Group
The
Clinquest Group is a trusted healthcare product development organization,
which offers comprehensive services to the bio-pharmaceutical, medical
device, diagnostics and medical data industries worldwide. Clinquest
provides high-level strategic consulting as well as hands-on implementation
services. Clinquest is recognized as a leader in the development
of new, breakthrough technologies, first-in-man clinical trials
and complex clinical studies. The Clinquest Group operates through
three wholly-owned subsidiaries: Clinquest Inc., Clinquest Europe
and Clinquest Pharmaceutical Innovations. Clinquest has offices
in the Netherlands, the USA and Singapore.
www.clinquest.com
CONTACT
Galapagos
NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
ir@glpg.com
This release may contain forward-looking statements, including,
without limitation, statements containing the words “believes,”
“anticipates,” “expects,” “intends,”
“plans,” “schedules,” “seeks,”
“estimates,” “may,” “will,”
“could,” “stands to,” and “continues,”
as well as similar expressions. Such forward-looking statements
may involve known and unknown risks, uncertainties and other factors
which might cause the actual results, financial condition, performance
or achievements of Galapagos, or industry results, to be materially
different from any historic or future results, financial conditions,
performance or achievements expressed or implied by such forward-looking
statements. Given these uncertainties, the reader is advised not
to place any undue reliance on such forward-looking statements.
These forward-looking statements speak only as of the date of publication
of this document. Galapagos expressly disclaims any obligation to
update any such forward-looking statements in this document to reflect
any change in its expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement
is based, unless required by law or regulation.
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