Galapagos NV and AllerganÂ Enter Drug Discovery Collaboration
Mechelen, Belgium; 6 May 2008 - Galapagos announced today that Galapagos' service division, BioFocus DPI, will provide hit-finding services for multiple Allergan, Inc. targets. Total contract value for Galapagos could reach up to EUR 1.3 million over the next 12 months, contingent on the number of BioFocus DPI compounds screened.
BioFocus DPI's Basel (Allschwil, Switzerland) site has provided drug discovery services for Allergan since 2002. In this new collaboration, BioFocus DPI will provide assay development and high-throughput screening services for several Allergan targets. Furthermore, BioFocus DPI's computational chemists plan to work together with Allergan to select compounds from the Allergan and BioFocus DPI compound libraries for screening against these targets.
"We are pleased to sign another collaboration with Allergan," said Onno van de Stolpe, CEO of Galapagos. "They are an important customer for BioFocus DPI's biology business and having a satisfied customer coming back for more screening is gratifying."
Galapagos (Euronext Brussels: GLPG; Euronext Amsterdam: GLPGA; OTC: GLPYY) is a drug discovery company with pre-clinical programs in bone and joint diseases and bone metastasis. Its BioFocus DPI division 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 six countries, with global headquarters in Mechelen, Belgium. More information about Galapagos and BioFocus DPI can be found at www.glpg.com and www.biofocusdpi.com.
CONTACT Galapagos NV Onno van de Stolpe, CEO Tel: +31 6 2909 8028 [email protected]
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