NIH extends agreement with Galapagos
SOURCE:
Galapagos NV
2008-07-22 01:16:00
NIH extends agreement with Galapagos
MECHELEN, BELGIUM–(EMWNews – July 22, 2008) –
Mechelen, Belgium; 22 July 2008 – Galapagos NV (Euronext: GLPG)
announced today that the U.S. National Institutes of Health (NIH)
have extended their agreement with Galapagos’ service division
BioFocus DPI for the operation of the Molecular Libraries Small
Molecule Repository (MLSMR) until December 2010. According to the
terms of this agreement, Galapagos will receive more than $9 million
(EUR 5.7 million) over the course of the two year extension.
BioFocus DPI runs a compound management facility for a number of
industrial and U.S. government customers out of its Compound Focus,
Inc. subsidiary in South San Francisco. Home to the MLSMR since
2004, this facility acquires and stores compounds under the contract
with NIH and distributes these compounds for high-throughput
biological screening throughout the NIH’s academic network in the
U.S.
“We are pleased that the NIH has elected to continue working with
BioFocus DPI. Through this extended agreement, the compound
management facility has once again demonstrated that it is a leading
provider of these services,” said Onno van de Stolpe, CEO of
Galapagos.
About the Molecular Libraries Small Molecule Repository (a Roadmap
initiative)
The NIH MLSMR collects samples for high throughput biological
screening and distributes them to the NIH Molecular Libraries
Screening Center Network. MLSMR is a key component of the Molecular
Libraries Initiative, a NIH Roadmap project supporting ‘new pathways
to discovery in the 21st century’. The project is funded in whole
with U.S. Federal funds from the National Institutes of Health,
Department of Health and Human Services, under contract
HHS-N-278-2004-41001C with Compound Focus, Inc.
About Galapagos and BioFocus DPI
Galapagos (Euronext Brussels: GLPG; Euronext Amsterdam: GLPGA; OTC:
GLPYY) is a drug discovery company with pre-clinical programs in bone
and joint diseases and bone metastasis. Its BioFocus DPI division
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 database products to select targets and
compounds.
Galapagos currently employs 470 people and operates facilities in six
countries, with global headquarters in Mechelen, Belgium. More
information about Galapagos and BioFocus DPI can be found at
www.glpg.com and www.biofocusdpi.com.
CONTACT Galapagos NV André Hoekema, PhD SVP Corporate Development Tel: +31 65 151 7933 [email protected]
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Copyright © Hugin AS 2008. All rights reserved.