MECHELEN, BELGIUM--(Marketwire - March 06, 2012) -
Mechelen, Belgium; 6 March 2012 - Galapagos NV (Euronext: GLPG) announced
today
that it has received a transparency notification pursuant to the
Belgian
transparency legislation (Belgian Act of 2 May 2007) concerning major
holdings
in Belgian listed companies from Abingworth Management Limited.
Galapagos received a transparency notification on 2 March 2012 from Abingworth Management Limited, who acts as manager of Abingworth Bioventures III A LP, Abingworth Bioventures III B LP, Abingworth Bioventures III C LP, and Abingworth Bioventures III Executives LP and exercises voting rights for shares owned by those funds. Abingworth notified that on 1 March 2012 it was deemed to hold 1,295,327 shares, which represent 4.90% of the current 26,421,441 outstanding Galapagos shares. This participation represents a decrease from the previous 1,576,327 shares notified by Abingworth in October 2008.
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 GLPG0634, as well as one of the largest pipelines in biotech, with four programs in development and over 50 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.
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Source: Galapagos NV via Thomson Reuters ONE
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