| 1 min read
Register for free to listen to this article
Listen with Speechify
0:00
1:00
STORY UPDATE
MECHELEN, Belgium—May 8, 2007—Galapagos announced it has issued the final tranche of shares related to its purchase of Inpharmatica. The Galapagos shares were issued to former holders of Inpharmatica C Preference shares and were expected to be admitted to trading on Euronext Brussels, Euronext Amsterdam, and AiM on May 11.
 
 
MECHELEN, Belgium—In a deal estimated at €12.5 million, drug discovery company Galapagos NV announced it has signed a definitive agreement to purchase UK-based Inpharmatica. The acquisition will expand Galapagos's position in the discovery service arena—joining the BioFocus DPI arm—as the new company brings expertise in the development and application of genome-scale predictive products and services.
 
"We believe that the merger of our drug discovery service operations into BioFocus DPI creates the best value for our shareholders," said John Lisle, Inpharmatica CEO. "Integrating Admensa and Chematica within the BioFocus DPI offering will greatly increase their commercial potential and opportunity."
 
Inpharmatica can expect to see significant reductions in management, sales, and administrative staff positions as BioFocus DPI people take over operation of the business. The deal will also see Galapagos obtain specific downstream financial rights to Inpharmatica's internal PPAR-delta program, targeting obesity and diabetes.

About the Author

Related Topics

Published In

Loading Next Article...
Loading Next Article...
Subscribe to Newsletter

Subscribe to our eNewsletters

Stay connected with all of the latest from Drug Discovery News.

Subscribe

Sponsored

Gold circles with attached purple corkscrew shapes represent gold nanoparticles against a black background.

Driving gene therapy with nonviral vectors 

Learn why nonviral vectors are on the rise in gene therapy development.
A 3D digital illustration of a viral spike protein on a cell surface, surrounded by colorful, floating antibodies in the background

Milestone: Leapfrogging to quantitative, high throughput protein detection and analysis

Researchers continuously push the boundaries of what’s possible with protein analysis tools.
Blue cancer cells attached to a cellular surface against a bright blue background in a 3D rendering of a cancer infection.

Advancing immuno-oncology research with cellular assays

Explore critical insights into immunogenicity and immunotoxicity assays for cancer therapies.
Drug Discovery News November 2024 Issue
Latest IssueVolume 20 • Issue 6 • November 2024

November 2024

November 2024 Issue

Explore this issue