MECHELEN, BELGIUM--(Marketwire - Sep 2, 2012) - Galapagos NV (Euronext: GLPG) announced
today that its service division BioFocus and Ono Pharmaceutical Co., Ltd.
(Osaka
Japan) have signed a new collaboration agreement, focused on discovering
novel
drugs in the field of CNS disorders. Under the new agreement, BioFocus
will use
its drug discovery platform to deliver leads and clinical candidates
for its
client. Financial details were undisclosed.
"We are delighted to have this new agreement, which is the first drug
discovery
program with this, a most valued, client" said Dr. Chris Newton, SVP
Galapagos
Services and Managing Director of BioFocus. "This project plays to
BioFocus
historic strengths and the expanding breadth and depth of this
partnership is
testament to a tried and trusted relationship."
Kazuhito Kawabata, Ph.D., Member of the Board of Directors, Executive
Officer
and Executive Director, Discovery and Research of Ono commented: "We
have the
highest regard for the BioFocus' comprehensive drug discovery platform.
This
collaboration will strengthen Ono's drug discovery capability in the
field of
CNS disorders with significant unmet medical needs and we are expecting
that
innovative drugs will be created through this collaboration."
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 250 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. For
more
information please visit www.biofocus.com.
About Galapagos
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size clinical
stage
biotechnology company specialized in the discovery and development of
small
molecule and antibody therapies with novel modes-of-action. The
Company is
progressing its JAK1 inhibitor GLPG0634, as well as one of the largest
pipelines
in biotech, with four programs in development and over 30 discovery
programs.
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
About Ono
In keeping with its philosophy of "Dedicated to Man's Fight against
Disease and
Pain," Ono has always striven to achieve its goal of serving as an R&D-
oriented
global specialty pharmaceuticals, aiming to develop innovative and
globally
recognized drugs. To do this, Ono has been engaged in drug discovery
research
based on accumulated technologies and know-how - in areas where its
strengths
can be fully exploited (i.e. bioactive lipid agonists and enzyme inhibitors
such
as proteases and kinases). In addition, modulators of membrane
transport
systems such as ion-channels and transporters as well as biotechnology-
based
medicines are also the areas of our focus where we drive forward our
research
effectively deploying our know-how from neuroscience research and our
gene
assets together with the latest information acquired from global
research
institutions on drug discovery targets and the cutting-edge drug
discovery
technologies that biopharmaceutical companies can offer. For more
information,
please visit www.ono.co.jp.
This release may contain forward-looking statements, including,
without
limitation, statements containing the words "believes,"
"anticipates,"
"expects," "intends," "plans," "seeks," "estimates," "may," "will,"
"could,"
"stands to," and "continues," as well as similar expressions. Such
forward-
looking statements may involve known and unknown risks, uncertainties and
other
factors which might cause the actual results, financial condition,
performance
or achievements of Galapagos, or industry results, to be materially
different
from any historic or future results, financial conditions,
performance or
achievements expressed or implied by such forward-looking statements.
Given
these uncertainties, the reader is advised not to place any undue
reliance on
such forward-looking statements. These forward-looking statements speak
only as
of the date of publication of this document. Galapagos expressly
disclaims any
obligation to update any such forward-looking statements in this
document to
reflect any change in its expectations with regard thereto or any
change in
events, conditions or circumstances on which any such statement is based,
unless
required by law or regulation.
BioFocus(®) is a trademark of Galapagos NV and/or its affiliates
© Copyright
2012 Galapagos NV.
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Source: Galapagos NV via Thomson Reuters ONE
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