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EURONEXT BRUSSELS
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[1]
database products to select targets and compounds. Galapagos currently
employs 450 people and operates facilities in eight countries, with global
headquarters in Mechelen, Belgium
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."
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