MECHELEN, BELGIUM--(Marketwire - July 18, 2012) - Galapagos NV (EURONEXT BRUSSELS: GLPG)
that it has received a transparency notification pursuant to the Belgian
transparency legislation (Belgian Act of 2 May 2007 on the disclosure of major
shareholdings in issuers whose shares are admitted to trading on a regulated
market) from Baker Brothers Life Sciences L.P. and Baker Bros. Advisors LLC.
Galapagos received a transparency notification on 13 July 2012 from Baker
Brothers Life Sciences L.P., 14159 L.P. and 667 L.P., partnerships advised by
Baker Bros. Advisors LLC. Baker Brothers notified that on 6 July 2012 entities
under their control held 1,722,066 shares, which represent 6.48% of the
26,577,554 outstanding Galapagos shares. It is the first time that Galapagos
received a transparency notification from this shareholder.
Galapagos (EURONEXT BRUSSELS: GLPG) (PINKSHEETS: GLPYY) is a mid-size clinical
biotechnology company specialized in the discovery and development of small
molecule and antibody therapies with novel modes-of-action. The Company is
progressing 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. More info at: www.glpg.com
This release may contain forward-looking statements, including, without
limitation, statements containing the words "believes," "anticipates,"
"expects," "intends," "plans," "seeks," "estimates," "may," "will," "could,"
"stands to," and "continues," as well as similar expressions. Such forward-
looking statements may involve known and unknown risks, uncertainties and
factors which might cause the actual results, financial condition, performance
or achievements of Galapagos, or industry results, to be materially different
from any historic or future results, financial conditions, performance or
achievements expressed or implied by such forward-looking statements. Given
these uncertainties, the reader is advised not to place any undue reliance on
such forward-looking statements. These forward-looking statements speak only
of the date of publication of this document. Galapagos expressly disclaims any
obligation to update any such forward-looking statements in this document to
reflect any change in its expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based,
required by law or regulation.
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Source: Galapagos NV via Thomson Reuters ONE