GLPG.AS - Galapagos NV

Amsterdam - Amsterdam Delayed price. Currency in EUR
174.50
0.00 (0.00%)
At close: 5:38PM CEST
Stock chart is not supported by your current browser
Previous close174.50
Open174.50
Bid0.00 x 0
Ask0.00 x 0
Day's range171.90 - 176.35
52-week range98.50 - 252.90
Volume273,360
Avg. volume684,857
Market cap11.284B
Beta (5Y monthly)1.64
PE ratio (TTM)70.08
EPS (TTM)2.49
Earnings date07 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est115.91
  • Is Galapagos NV's (AMS:GLPG) CEO Pay Justified?
    Simply Wall St.

    Is Galapagos NV's (AMS:GLPG) CEO Pay Justified?

    Onno van de Stolpe became the CEO of Galapagos NV (AMS:GLPG) in 1999. This report will, first, examine the CEO...

  • Here's Why Galapagos NV Rose 34.5% in July
    Motley Fool

    Here's Why Galapagos NV Rose 34.5% in July

    The Belgian biopharma bagged $5.1 billion from its most important partner.

  • Motley Fool

    Marijuana Stock Cann('t)Trust, and What's Behind Gilead's Latest Megadeal

    CannTrust growing pot in unlicensed rooms, Gilead Sciences’ deal with Galapagos to develop drugs, and more.

  • Galapagos NV (GLPG) Q2 2019 Earnings Call Transcript
    Motley Fool

    Galapagos NV (GLPG) Q2 2019 Earnings Call Transcript

    GLPG earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    Strong clinical progress in H1 and transformative collaboration with Gilead announced

    "Our partner Gilead and we announced a transformational global R&D collaboration on 14 July, securing our company`s independent R&D for years to come. This agreement is about maximizing innovation based on the identification and development of new mode of action medicines. In Q1 2019, together with Gilead, we announced positive data from the first 24 weeks of the FINCH 1 and 3 Phase 3 trials in rheumatoid arthritis, bringing our total patient exposure to filgotinib to beyond 3,000 patient years.

  • GlobeNewswire

    Transparency notification

    Mechelen, Belgium; 18 July 2019; 22.01 CET; regulated information - Galapagos NV (Euronext & NASDAQ: GLPG) received a transparency notification from Van Herk Investments B.V . Pursuant to Belgian transparency ...

  • Gilead's Galapagos Deal: What It Means for Investors
    Motley Fool

    Gilead's Galapagos Deal: What It Means for Investors

    Here's what Gilead's getting with its $5.1 billion Galapagos collaboration.

  • What Happened in the Stock Market Today
    Motley Fool

    What Happened in the Stock Market Today

    From failed takeover talks to a massive new partnership, see why these stocks were on the move on a quiet day for the broader markets.

  • Why Galapagos NV Stock Is Soaring Today
    Motley Fool

    Why Galapagos NV Stock Is Soaring Today

    Gilead Sciences decided to inject $5.1 billion into its R&D partner Galapagos NV over the weekend.

  • Gilead to Boost Stake in Galapagos as Part of $5.1 Billion Deal
    Bloomberg

    Gilead to Boost Stake in Galapagos as Part of $5.1 Billion Deal

    (Bloomberg) -- Gilead Sciences Inc. agreed to pay $5.1 billion to raise its stake in biotechnology company Galapagos NV to deepen its research into inflammatory diseases and other disorders, sending the Belgian drugmaker’s stock to an all-time high.The deal is the largest Gilead has executed since new Chief Executive Officer Dan O’Day took the reins in March as he attempts to bolster the San Francisco giant’s drug pipeline. Gilead is in danger of becoming a victim of its own success after launching some of the top drugs of all time, its bestselling hepatitis-C franchise. Sales from those therapies have since declined due to increased competition.Under the agreement, Gilead, which will pay $3.95 billion upfront to Mechelen, Belgium-based Galapagos and invest $1.1 billion to raise its stake to 22% from 12.3%, the companies said in a statement. The investment, at 140.59 euros a share, is 9.7% higher than the Belgian company’s closing price on Friday. Galapagos shares surged as much as 17% on Monday, reaching 149.55 euros a share.“Gilead will significantly expand its pipeline in a smart and financially savvy expanded partnership deal with Galapagos, essentially gaining options on everything in their pipeline without having to acquire the company full out,” Jefferies analysts including Michael J. Yee and Andrew Tsai wrote in a note.As Gilead seeks to fill the growing hole left from its hepatitis drugs, the Galapagos announcement may signal a shift in focus. The smaller biotech has no oncology programs and instead focuses on research into diseases that have to do with inflammation and fibrosis, which is a kind of internal scarring.Gilead has also had research programs in such diseases, including through its collaboration with Galapagos, though some had speculated it may stake its future on cancer. Gilead is already the biggest shareholder of the Belgium company before the increase in stake, according to data compiled by Bloomberg. Now it gets the option to license all of Galapogos’s future, late-stage drug candidates.Gilead CEOO’Day, who joined Gilead from cancer giant Roche AG, said he’s not done making good on his promise to expand the pipeline. He noted the deal almost doubles Gilead’s research capacity and establishes a strong research base in Europe where the company has historically not been as active.“In no way is this the only thing that we’re looking at or the only thing that we’re going to do,” O’Day said in an interview. “You can look at this like it’s the beginning.”Gilead and Galapagos held talks about an expanded partnership prior to O’Day joining the company. He was briefed on those discussions after taking the top job and within the first couple of weeks, got to know the CEO of Galapagos better. Following those talks, the pair decided to being finalizing the agreement.Jobs in EuropeThis is a “science-driven deal,” Onno van de Stolpe, founder and chief executive officer of Galapagos, said in an interview. Gilead will be taking on more of the commercial side for Galapagos, helping the smaller company to focus on research. “We can now do more of what we’re good at.”The money being invested beyond the equity stake will be used largely to double Galapagos’s R&D staff to 1,000 from 500 over an unspecified time, Van de Stolpe said. Those jobs will be added in Belgium, the Netherlands and France. “It’s massive funding -- we don’t have a detailed plan yet on how to spend it,” he said.The pact includes a provision in which Gilead’s stake could rise to 29.9%, if Galapagos shareholders approve two warrants. The companies were already partners on an experimental drug for rheumatoid arthritis. That drug, filgotinib, hit its main goal in a late-stage study in March, triggering the Belgian biotech company’s shares to surge by the most in six months.Galapagos shares have risen 59% since the start of the year, compared with the 5.9% gain in Gilead’s stock.O’Day had a reputation as a dealmaker while at Roche, likely one of the reasons he was selected for Gilead’s top job at a time when the company needs to look externally to drive growth. He said that in this case, the companies opted for a partnership-style deal rather than a full takeover because full mergers can often destroy innovation as research and executive teams disband. Roche’s deal philosophy is much the same with the Swiss giant opting to leave many its units independently managed, even if it owns them in full.Gilead spent about $12 billion to buy Kite Pharma in 2017 for its research into a cutting-edge therapies known as CAR-T. While the treatments can prove near-miraculous for some patients, CAR-Ts have yet to become large sales drivers, falling far below the revenues Gilead needs to replace declining sales from its hepatitis-C franchise.Gilead is not the only large company with fading blockbusters. In June, AbbVie agreed to buy Allergan in a $63 billion megadeal in a bid to replace its bestselling Humira, the bestselling drug in the world. Celgene Corp. faced similar questions as the patent of its bestselling cancer drug aged before Bristol-Myers Squibb agreed to buy it for $74 billion in January.To contact the reporters on this story: Eric Pfanner in London at epfanner1@bloomberg.net;Rebecca Spalding in Boston at rspalding@bloomberg.netTo contact the editors responsible for this story: James Ludden at jludden@bloomberg.net, ;Drew Armstrong at darmstrong17@bloomberg.net, Kevin Miller, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gilead invests $5 billion to deepen ties with biotech Galapagos
    Reuters

    Gilead invests $5 billion to deepen ties with biotech Galapagos

    The move will bring Gilead's new chief executive Daniel O'Day growth opportunities in Galapagos's specialist areas including fibrosis and arthritis, and give Galapagos deep funds to develop and commercialize its drugs. AbbVie's Humira, used to treat rheumatoid arthritis and spondylitis, racked up nearly $20 billion in sales in 2018, while Amgen and Pfizer's Enbrel still brings in $7 billion annually after 20 years on the market. As part of the deal, Gilead will spend $1.1 billion to lift its Galapagos stake to 22% from 12.3%.

  • GlobeNewswire

    GILEAD AND GALAPAGOS ENTER INTO TRANSFORMATIVE RESEARCH AND DEVELOPMENT COLLABORATION

    - Gilead to Make $3.95 Billion Upfront Payment and $1.1 Billion Equity Investment - - Gilead Gains Access to Galapagos` Differentiated Drug Discovery Platform and Current and Future Pipeline Outside of ...

  • Galapagos NV (AMS:GLPG): Financial Strength Analysis
    Simply Wall St.

    Galapagos NV (AMS:GLPG): Financial Strength Analysis

    Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Galapagos...

  • GlobeNewswire

    GILEAD ANNOUNCES INTENT TO SUBMIT NEW DRUG APPLICATION FOR FILGOTINIB TO U.S. FOOD AND DRUG ADMINISTRATION THIS YEAR

    As a result of this discussion, a path forward has been established to submit the NDA for filgotinib as a treatment for rheumatoid arthritis in 2019. Filgotinib is an investigational agent and not approved anywhere globally. Galapagos (Euronext & NASDAQ: GLPG) discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases.

  • GlobeNewswire

    Galapagos increases share capital through warrant exercises

    Mechelen, Belgium; 20 June 2019, 22.01 CET; regulated information - Galapagos NV (Euronext & NASDAQ: GLPG) announces a share capital increase arising from warrant exercises. Galapagos issued 208,310 new ...

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