Mechelen, Belgium, and London, UK; 19 January 2006 - Galapagos
NV (Euronext & LSE: GLPG) and Cancer Research Technology
(“CRT”), specialists in oncology drug discovery
and commercialization, a wholly owned company of Cancer Research
UK, announced today that they have entered into a new collaboration
in anti-cancer drug discovery research. Under the terms of
the agreement Galapagos’ service division BioFocus will
perform medicinal chemistry services on a series of CRT anti-cancer
drug programs. In return, CRT will fund the work of four BioFocus
scientists throughout 2006.
“This
agreement testifies to the high quality of BioFocus’
medicinal chemistry expertise and the overall competitiveness
of our integrated services portfolio,” said Onno van
de Stolpe, CEO of Galapagos. “We also are pleased to
assist Cancer Research Technology in the fight against cancer.”
“CRT
has succeeded in forming a number of collaborative anti-cancer
programs with academic and commercial partners alike,”
added Tony Raynham, CRT’s Head of Medicinal Chemistry.
“Our relationship with BioFocus, in conjunction with
existing in-house R&D resource, will ensure that these
programs are advanced rapidly through early-stage development,
thereby creating robust licensing opportunities and cancer
patient benefit.”
Cancer
remains one of the world’s most pressing health concerns.
According to Cancer Research UK, physicians estimate that
one in three people will get some form of cancer at some stage
in life.
About Galapagos
Galapagos
is a publicly traded, genomics-based drug discovery company
(Euronext Brussels, GLPG; Euronext Amsterdam, GLPGA, London
AiM: GLPG) that has drug discovery programs based on proprietary,
novel targets in the bone and joint diseases - osteoarthritis,
osteoporosis and rheumatoid arthritis. Galapagos offers a
full suite of target-to-drug discovery products and services
to pharmaceutical and biotech companies through its division
BioFocus, encompassing target discovery and validation, and
drug discovery services through to delivery of pre-clinical
candidates. In addition, BioFocus provides adenoviral reagents
for rapid identification and validation of novel drug targets
and compound libraries for screening. Galapagos currently
employs 203 people, including 76 PhDs, and occupies facilities
in Mechelen, Belgium, Saffron Walden, UK and Leiden, The Netherlands.
The partners of Galapagos include Amgen, AstraZeneca, Bayer,
Boehringer Ingelheim, Celgene, GlaxoSmithKline, Idenix, Novartis,
Organon, Serono, Vertex, and Wyeth. More information about
Galapagos and BioFocus can be found at www.glpg.com.
About Cancer Research Technology
Cancer
Research Technology Limited (CRT) is a specialist commercialization
and development company, which aims to develop new discoveries
in cancer research for the benefit of cancer patients. CRT
works closely with leading international cancer scientists
and their institutes to protect intellectual property arising
from their research and to establish links with commercial
partners. CRT facilitates the discovery, development and marketing
of new cancer therapeutics, vaccines, diagnostics and enabling
technologies. CRT is wholly owned by Cancer Research UK, the
largest independent funder of cancer research in the world.
More information about CRT can be found at www.cancertechnology.com.
CONTACTS
Galapagos
NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
ir@galapagos.be
Cancer
Research Technology
Tony Raynham, Head of Medicinal Chemistry
Tel: +44 20 7679 6728
traynham@cancertechnology.com