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Galapagos NV (GLPG.AS)

Amsterdam - Amsterdam Delayed price. Currency in EUR
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68.03+2.53 (+3.86%)
As of 2:07PM CEST. Market open.
Full screen
Previous close65.50
Open66.26
Bid0.00 x 0
Ask0.00 x 0
Day's range65.60 - 68.10
52-week range63.12 - 216.10
Volume244,540
Avg. volume528,708
Market cap4.457B
Beta (5Y monthly)0.31
PE ratio (TTM)N/A
EPS (TTM)-4.69
Earnings date06 May 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est115.91
  • Globe Newswire

    Extension of lock-up period in Gilead-Galapagos collaboration agreement

    Mechelen, Belgium; 08 April 2021; 22.01 CET; Galapagos (Euronext & Nasdaq; GLPG) announced today that Gilead and Galapagos signed an amendment to the share subscription agreement closed in 2019, extending the full lock-up of Gilead’s current shareholding in Galapagos to 2024. In August 2019, Gilead and Galapagos entered into a 10-year global transformative research and development collaboration, giving Gilead access to Galapagos’ innovative portfolio of compounds and drug discovery platform. As part of the transaction, Gilead made a $1.1B equity investment, increasing Gilead’s stake in Galapagos from approximately 12.3% to 22% of the issued and outstanding shares in Galapagos. In addition, Galapagos issued two warrants, allowing Gilead to further increase its ownership of Galapagos to up to 29.9% of the company’s issued and outstanding shares. Through the exercise of a first warrant, Gilead’s shareholding further increased to 25.1%. The most recent transparency notice received by Galapagos from Gilead indicates a 25.5% ownership position. The amendment announced today stipulates that the full lock-up is extended: Gilead is now committed to a full lock-up of 5 years, retaining all of its 16,707,477 shares (currently 25.5%) until 22 August 2024. Previously, there was a full lock-up of 2 years, followed by a 3-year period during which the company would have held a minimum of 20% of outstanding shares. The lock-up restrictions are subject to certain exceptions as provided in the share subscription agreement. Commenting on the amendment, Gilead CFO Andrew Dickinson said, “We remain strongly committed to our long-term collaboration. We continue to see significant value in Galapagos’ unique target discovery approach, and we support Galapagos, as the company works to deliver on this potential.” Bart Filius, COO and President of Galapagos, added, “The amendment announced today highlights Gilead’s commitment and support for our 10-year collaboration. We greatly benefit from Gilead’s scientific, developmental, and commercial know-how, and we look forward to continuing to work together as we push novel modes of action drugs forward, with the shared goal to help patients worldwide.” About the Gilead-Galapagos collaborations In August 2019, Galapagos and Gilead entered into a 10-year global transformative research and development collaboration. Through this agreement, Gilead gained access to an innovative portfolio of compounds and a proven drug discovery platform. Gilead received an exclusive product license and option rights to develop and commercialize all current and future programs in all countries outside Europe. Gilead and Galapagos also have a collaboration for the development and commercialization of filgotinib, originally signed in 2015, with a new agreement announced in December 2020. Through a phased transition including the transfer of filgotinib’s marketing authorization to Galapagos, the majority of activities supporting filgotinib in Europe are expected to be assumed by Galapagos by the end of 2021. Under the new operating model, Gilead retains commercial rights and remains marketing authorization holder for filgotinib outside of Europe, including in Japan. Gilead and Galapagos continue to investigate the potential for filgotinib to support patients living with Inflammatory Bowel Disease (IBD). Gilead will retain operational responsibility for the current trials in Crohn’s disease while Galapagos will assume operational responsibility for ongoing trials in ulcerative colitis (UC). Filgotinib in UC has been filed in Europe and a global Phase 3 program is ongoing in Crohn’s Disease. More information about clinical trials can be accessed at www.clinicaltrials.gov. About GalapagosGalapagos NV discovers and develops small molecule medicines with novel modes of action, several of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines. More information at www.glpg.com. Contacts Investors: Elizabeth Goodwin VP Investor Relations +1 781 460 1784 Sofie Van Gijsel Senior Director Investor Relations +32 485 19 14 15 ir@glpg.com Media: Carmen Vroonen Global Head Communications & Public Affairs +32 473 824 874 Kyra ObolenskySenior Director Corporate Communications +32 491 92 64 35 communications@glpg.com Galapagos Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements and, therefore, the reader should not place undue reliance on them. These risks, uncertainties and other factors include, without limitation, the risk that Gilead and Galapagos may not be able to successfully implement the transaction and transfer of European rights and activities related to filgotinib on the anticipated timeline or at all, inherent risks associated with clinical trial and product development activities, competitive developments, and regulatory approval requirements, the timing or likelihood of regulatory authorities’ approval of marketing authorization for filgotinib for UC, Crohn’s, or other indications, including the risk of such regulatory authorities requiring additional studies, as well as those risks and uncertainties identified in our Annual Report on Form 20-F for the year ended 31 December 2020 and our subsequent filings with the SEC. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The forward-looking statements contained herein are based on management’s current expectations and beliefs and speak only as of the date hereof, and Galapagos makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. Attachment PDF version

  • Globe Newswire

    Publication of the annual report and invitation to the ordinary shareholders’ meeting

    Mechelen, Belgium; 25 March 2021; 21.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) published its annual report for the financial year 2020. The annual report for the financial year 2020, including a review of figures and performance, is available online at https://www.glpg.com/financial-reports and can also be downloaded as PDF. Our annual 2020 Form 20-F filing with the SEC is also available at www.sec.gov/edgar. Furthermore, Galapagos has the honor to invite its shareholders, holders of subscription rights, board members, and statutory auditor to its annual (ordinary) shareholders’ meeting that will be held on Wednesday 28 April 2021 at 2:00 p.m. (CET) at the Company’s registered office. The items on the agenda of the ordinary shareholders’ meeting include, amongst other items, the reappointments of Dr. Raj Parekh as a non-executive member of the supervisory board for four years and Katrine Bosley as an independent non-executive member of the supervisory board for one year. In order to be admitted to the shareholders’ meeting, the holders of securities issued by the Company must comply with article 7:134 of the Belgian Code of Companies and Associations and article 24 of the Company’s articles of association, and fulfill the formalities described in the convening notice. The convening notice and other documents pertaining to the shareholders’ meeting can be consulted on our website, www.glpg.com/shareholders-meetings. In light of the COVID-19 pandemic, it is currently envisaged that the measures imposed by the Belgian government to deal with this pandemic, such as the obligation to guarantee a distance of 1.5 meters between each person, may still be in effect as of Wednesday 28 April 2021, date of the Company's annual shareholders' meeting. These measures are in the interest of the health of individual securities holders, as well as of the employees of the Company and others who are responsible for organizing the shareholders' meeting. It can also not be excluded that the Belgian government will again impose additional measures. We are monitoring the situation closely and will, if necessary, disclose additional relevant information and measures affecting the ordinary general meeting on the Galapagos website (https://www.glpg.com/shareholders-meetings). In light of this, the Company recommends that shareholders who wish to participate in the annual shareholders' meeting exercise as much as practically possible the right to vote by letter or by proxy to the general counsel. Moreover, holders of securities of the Company are encouraged to exercise their right to ask questions related to the items on the agenda of the general shareholders' meeting in writing. About GalapagosGalapagos NV discovers and develops small molecule medicines with novel modes of action, several of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines. More information at www.glpg.com. Contacts Investors: Elizabeth Goodwin VP Investor Relations +1 781 460 1784 Sofie Van Gijsel Senior Director Investor Relations +32 485 19 14 15 ir@glpg.com Media: Carmen Vroonen Global Head Communications & Public Affairs +32 473 824 874 Kyra ObolenskySenior Director Corporate Communications +32 491 92 64 35communications@glpg.com Forward-looking statementsThis release may contain forward-looking statements. Such forward-looking statements are not guarantees of future results. These forward-looking statements speak only as of the date of publication of this document. Galapagos expressly disclaims any obligation to update any forward-looking statements in this document, unless specifically required by law or regulation. DisclaimerThe contents of our website, including the annual report for the financial year 2020, and any other website that may be accessed from our website, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933. Attachment PDF version

  • Globe Newswire

    Galapagos appoints Bart Filius as President and Chief Operating Officer

    Mechelen, Belgium; 24 March 2021; 21.01 CET; Galapagos (Euronext & Nasdag; GLPG) announced today that its Supervisory Board has promoted Bart Filius to President and Chief Operating Officer (COO). Going forward, CEO Onno van de Stolpe will maintain oversight of the research and development activities, while Bart Filius will take responsibility for business development, commercial strategy, finance, human resources, and other business operations. Bart Filius joined Galapagos in 2014 as Chief Financial Officer and subsequently took on the responsibility as COO in 2017. During these years, Bart managed the substantial growth of the company, successfully conducted the Nasdaq IPO, and played a leading role in the negotiations for the R&D partnership with Gilead. Prior to joining Galapagos, Bart spent 13 years at Sanofi, where he had leadership roles of increasing responsibility in finance, country management and M&A. In his early career, Bart was a strategy consultant at Arthur D. Little. Bart holds an MBA from INSEAD. Commenting on the promotion, CEO Onno van de Stolpe said, “I’m delighted that Bart will take up this new role. He has been instrumental in transforming Galapagos into a fully integrated biotech, and he has proven that he has outstanding strategic vision, business acumen, and leadership skills. Going forward, I want to give my full attention to research and development and our strategy to develop first-in-class medicines based on the discovery of novel targets.” Bart Filius added, “I’m highly energized by the opportunity to lead Galapagos into the future, together with Onno and the Management Board. We are in the midst of launching our first commercial product and are preparing for future indications. Galapagos is very keen to broaden its portfolio through smart business development and has the financial resources to do so. To achieve our goals, our business operations need to run smoothly. I look forward with confidence to working on these 3 priorities with the talented team of people that we have on board. These are challenging but exciting times for Galapagos.” About GalapagosGalapagos NV discovers and develops small molecule medicines with novel modes of action, several of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines. More information at www.glpg.com. Contacts Investors: Elizabeth Goodwin VP Investor Relations +1 781 460 1784 Sofie Van Gijsel Senior Director Investor Relations +32 485 19 14 15 ir@glpg.com Media: Carmen Vroonen Global Head Communications & Public Affairs +32 473 824 874 Kyra ObolenskySenior Director Corporate Communications +32 491 92 64 35 communications@glpg.com Galapagos Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements and, therefore, the reader should not place undue reliance on them. These risks, uncertainties and other factors include, without limitation, that Galapagos may not be successful in implementing its strategy to develop first-in-class medicines based on novel target discovery, the inherent risks associated with regulatory approval requirements (including that future indications for our first commercial product may not be approved due to safety, efficacy or other reasons) and that Galapagos may not be able to successfully complete business development transactions, as well as those risks and uncertainties identified in our Annual Report on Form 20-F for the year ended 31 December 2019 and our subsequent filings with the SEC. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The forward-looking statements contained herein are based on management’s current expectations and beliefs and speak only as of the date hereof, and Galapagos makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. Attachment PDF version