MECHELEN, BELGIUM--(Marketwire - September 04, 2012) -
Mechelen, Belgium; 4 September 2012 - Galapagos NV (EURONEXT BRUSSELS: GLPG) announced
today that it has received a transparency notification from Johnson &
Johnson,
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).
Galapagos received a transparency notification on 30 August 2012 from
Johnson &
Johnson and Galapagos co-founders Tibotec-Virco Comm. VA ("Tibotec-
Virco") and
Crucell Holland B.V. ("Crucell"). Johnson & Johnson notified that, as a
result
of its acquisition of Crucell on 22 February 2011, Johnson & Johnson
indirectly
held 2,350,061 Galapagos shares through Tibotec-Virco and Crucell,
which
represents 8.8% of the 26,577,554 Galapagos shares outstanding today. The
total
number of Galapagos shares held by these entities under Johnson &
Johnson's
control, i.e. Tibotec-Virco (1,113,964 shares) and Crucell (1,236,097
shares),
remains unchanged compared to previous notifications made by these
companies.
About Galapagos
Galapagos (EURONEXT BRUSSELS: GLPG) (PINKSHEETS: 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 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
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
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