Galapagos announces second extension to services collaboration with Chiesi
(Thomson Reuters ONE) -
Mechelen, Belgium and Saffron Walden, UK; 12 October 2011 - Galapagos NV
(Euronext: GLPG) announced today that its BioFocus service division has extended
its collaboration with Chiesi Farmaceutici, a privately owned Italian
pharmaceutical company, for a second time. This extension of the collaboration
with Chiesi is valued at ?2.8 million.
BioFocus and Chiesi began their collaboration in December 2009 and have now
extended the agreement for a second time, until the end of 2012. Under the
terms of the integrated collaboration agreement, BioFocus will provide expanded
medicinal chemistry resource, biology services, and an option to perform ADME
services, for an undisclosed Chiesi therapeutic program.
"BioFocus' offering complements mid-size pharmaceutical companies like Chiesi by
providing specialized technologies, such as high-throughput screening
capabilities, and disease-specific expertise," said Dr Chris Newton, SVP
Services for Galapagos. "Our ability to add value to these research-minded
organizations has been instrumental in building our substantial number of long-
running collaborations."
"We look forward to entering the third year of our ongoing collaboration with
BioFocus. As we continue to progress the project, we plan to further utilize
BioFocus' knowhow in medicinal chemistry and ADME optimization," said Dr Paolo
Chiesi, R&D Director and Vice-President of Chiesi Farmaceutici.
About Chiesi Farmaceutici
With over 3,500 employees around the world, the Chiesi Group produces and
distributes successful drugs in 65 countries, and is present on five continents
with 24 direct affiliates, four research centers, and three production sites.
Respiratory pathologies, special care medicine, and cardiovascular disease are
its traditional areas of expertise where it offers many therapeutic options
recognized for their effectiveness. More info at:www.chiesigroup.com
About BioFocus
BioFocus provides integrated drug discovery that delivers pre-clinical drug
candidates in all therapeutic areas with strong capability in neurodegenerative
diseases, inflammatory diseases and with a growing track record of delivering
candidates against rare and neglected diseases. BioFocus has advanced and
comprehensive drug discovery capabilities that are applied to client projects to
deliver targets, hits, leads and candidate pre-clinical drugs. The company
employs over 220 exceptionally qualified and industry experienced scientists at
its three research centers in the UK, Switzerland and the Netherlands. Since
its foundation in 1997, BioFocus has striven to produce high quality data for
its clients and this quality is assured by ISO9001 qualification validated by
regular, independent inspection of all BioFocus research centers. More info at
www.biofocus.com
About Galapagos
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size biotechnology company
specialized in the discovery and development of small molecule and antibody
therapies with novel modes-of-action. The Company is progressing one of the
largest pipelines in biotech, with seven programs in development and over 50
discovery programs. Through risk/reward-sharing alliances with GlaxoSmithKline,
Lilly, Janssen Pharmaceutica, Roche and Servier, Galapagos is eligible to
receive up to ?2.8 billion in downstream milestones, plus royalties. The
Galapagos Group has about 800 employees and operates facilities in six
countries, with global headquarters in Mechelen, Belgium. More info at:
www.glpg.com
CONTACT
Galapagos NV
Dr Chris Newton, SVP Services
Tel: +44 1799 533 535
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
ir(at)glpg.com
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Source: Galapagos NV via Thomson Reuters ONE
[HUG#1554083]
Unternehmensinformation / Kurzprofil:
Datum: 12.10.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 75034
Anzahl Zeichen: 6131
contact information:
Town:
Mechelen
Kategorie:
Business News
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