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Galapagos, Novalix Enter Into Integrated Drug Discovery Collaboration



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March 30 (Reuters) -Galapagos NV GLPG.AS:

  • GALAPAGOS AND NOVALIX ENTER INTO AN INTEGRATED DRUG DISCOVERY COLLABORATION

  • GALAPAGOS TO TRANSFER DRUG DISCOVERY AND RESEARCH ACTIVITIES IN ROMAINVILLE, FRANCE TO NOVALIX, A DRUG-DISCOVERY FOCUSED CONTRACT RESEARCH ORGANIZATION (CRO) BASED IN STRASBOURG, FRANCE

  • NOVALIX TO ASSUME GALAPAGOS' RESEARCH CAPABILITIES, AND GALAPAGOS RETAINS FLEXIBILITY TO ACCESS NECESSARY EXPERTISE AND RESOURCES THROUGH A FIVE YEAR-COLLABORATION AGREEMENT

  • TRANSACTION IN CONTEXT OF GALAPAGOS' STRATEGIC RESET ANNOUNCED IN 2022; CLOSING EXPECTED IN JULY 2023

Source text for Eikon: ID:nGNX9GVvVX

Further company coverage: GLPG.AS


(Gdansk Newsroom)

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