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Galapagos NV (Euronext: GLPG) announces its unaudited half year results and maintains guidance for the full year 2012.
"Galapagos delivered strong results in the first half year, both operationally and financially. The Company is well on track in its global collaboration with Abbott to develop and commercialize GLPG0634. Patient recruitment for the Phase 2a dose-range finding study is complete, and we will announce topline results before year end. The Service division continues to deliver excellent growth in external sales and healthy margins in the first half of 2012. Galapagos is moving its own R&D programs forward and executing as planned to meet financial guidance given earlier this year," said Galapagos CEO, Onno van de Stolpe.
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 over 800 employees and operates facilities in six countries, with global headquarters in Mechelen, Belgium.