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Galapagos NV (GLPG.BR) Receives $3.5 Million IWT Grant for Antibacterial Research


1/10/2013 9:00:15 AM

MECHELEN, BELGIUM--(Marketwire - January 10, 2013) - Galapagos NV (Euronext: GLPG) announced today that is has been awarded a EUR2.7 million grant from the Flemish agency for Innovation by Science and Technology (IWT) to discover new antibiotic treatments.

A number of bacteria have become resistant to existing antibiotics, posing a pressing healthcare problem. In November 2012, Galapagos announced the selection of a candidate drug targeting DNA pol III alpha (DnaE) and which shows strong activity against all tested drug resistant Staphylococcus aureus, including the 'hospital bacterium' MRSA. In this three-year, IWT- funded project, Galapagos will exploit its know-how in DNA pol III alpha (DnaE) to discover new antibiotic treatments against additional bacterial species beyond what the Company has developed thus far. Galapagos will collaborate on this project with the research groups of Professor Dr Johan Vander Eycken at Ghent University and Professor Dr Wim Versées from the Free University Brussels.

This antibacterial program focuses on blocking the activity of a protein in bacteria, DnaE, that is essential for carrying out their own reproduction. DnaE is ubiquitous and an essential protein in both Gram positive and Gram negative bacteria, making it a highly desirable target for antibacterial therapy. Molecules active against the DnaE of other individual species will be sought, prioritizing Pseudomonas aeruginosa and Enterococcus faecium which are amongst those nominated by infectious disease specialists as posing the most urgent medical need. Upon project completion, Galapagos aims to generate at least one novel candidate antibacterial drug.

"With our CAM-1 candidate drug we are already a step closer to a solution to MRSA infections, but there is still a need for medicines against other resistant bacteria," said Dr Piet Wigerinck, CSO of Galapagos. "With this grant, we can support the search for more novel inhibitors of the antibacterial target DNA pol III alpha to fight against these difficult-to-treat bacterial species."

About Galapagos

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 five countries, with global headquarters in Mechelen, Belgium. More info at: www.glpg.com

Galapagos forward-looking statements

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 other 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 as 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, unless required by law or regulation.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Galapagos NV via Thomson Reuters ONE

[HUG#1669313]


Contact

Galapagos NV
Dr Piet Wigerinck
Chief Scientific Officer
Tel. +32 477 627103
Email Contact


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