Galapagos NV Reaches Agreement to Acquire GlaxoSmithKline Research Centre In Zagreb, Croatia For €14 Million ($17.8 Million); Includes Transfer Of Approximately 130 Staff

Reuters -- Galapagos and GlaxoSmithKline today announced they have reached an agreement for Galapagos to acquire GSK’s state-of-the art research centre in Zagreb, Croatia. The arrangement, which is subject to closing conditions and is expected to be effective as of 9 September 2010, provides for ongoing employment of the staff at the centre and will provide additional capacity for Galapagos’ growing R&D requirements.

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