Galapagos
signs two new drug discovery collaborations with Ono Pharmaceutical
Mechelen, Belgium and Osaka, Japan; 16 April 2007
– Galapagos NV (Euronext & LSE: GLPG) announced
today that its BioFocus DPI service division has signed two
new collaborations with Ono Pharmaceutical Company Ltd. (Tokyo:
OSA). These collaborations build on the successful relationship
between Ono and DPI, which began in 2004. Under the first
collaboration announced today, BioFocus DPI will use selected
compounds from its SoftFocus and other synthetic small molecule
collections to perform high throughput screening for Ono’s
drug discovery program. In the second collaboration, BioFocus
DPI will apply its medicinal and computational chemistry and
ADME profiling expertise in multiple medicinal chemistry projects
for Ono.
“We
are pleased with the new contracts with Ono that build on
the longstanding relationship between Ono and DPI. The new
contracts show the benefit of building a global drug discovery
service business. We combine expertise from our acquired
companies Discovery Partners International, BioFocus as
well as Inpharmatica, realizing the synergy in bringing
these activities together,” added Onno van de Stolpe,
Chief Executive Officer of Galapagos.
“We
are dedicated to creating innovative medicines,” said
Dr. Daikichi Fukushima, Managing Director, Ono. “Accordingly,
we are enthusiastic about extending the relationship with
BioFocus DPI, a leading company in drug discovery, so that
we can continue creating novel drug candidates.”
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. More information
about Galapagos and BioFocus DPI can be found at www.glpg.com.
CONTACT
Galapagos NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
ir@glpg.com
ADMET is the acronym for Absorption, Distribution, Metabolism,
Excretion, and Toxicity: Meeting parameters against these
five criteria is critical to the success of a pharmaceutical
compound as a drug.
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