Galapagos will receive a $3.95 billion upfront payment and a $1.1 billion equity investment from Gilead. Corporate . Put plainly, the Galapagos-Gilead agreement is the largest biopharma licensing deal made this decade. Elizabeth Goodwin, Investors Gilead will also nominate two individuals to Galapagos’ Board of Directors following the closing of the … All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including all statements regarding the intent, belief or current expectation of the companies and members of their senior management team. What sets this deal apart isn’t just the sheer … In addition, Gilead and Galapagos have agreed to amend certain terms in the agreement governing filgotinib, the candidate being advanced for rheumatoid arthritis and other inflammatory diseases to provide a broader commercialization role for Galapagos in Europe. Gilead and Galapagos will co-commercialize filgotinib in France, Germany, Italy, Spain and the United Kingdom and retain the 50/50 profit share in … Others include the €1B acquisition of US firm Promedior by Roche in February — which centers on treatments for idiopathic pulmonary fibrosis — and an ongoing big pharma appetite for biotechs developing drugs against an inflammatory disease target called NLRP3. (781) 460-1784. Risks and uncertainties that could cause the actual results to differ from expectations contemplated by forward-looking statements include: uncertainties as to the closing of the collaboration and option transaction; the possibility that various closing conditions for the transaction may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the collaboration and option agreement; the effects of the transaction (or the announcement thereof) on relationships with employees, customers, other business partners or governmental entities; transaction costs; the risk Galapagos’ stockholders do not approve Gilead’s board nominees or issuance of the warrants, as the case may be. The company has an impressive portfolio of … Forward-looking statements involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition and liquidity, performance or achievements of Galapagos, or industry results, to be materially different from any historic or future results, financial conditions and liquidity, performance or achievements expressed or implied by such forward-looking statements. "The acquisition of Kite establishes Gilead as a leader in cellular therapy and provides a foundation from which to drive continued innovation for people with advanced cancers," said John F. Milligan, PhD, Gilead's President and Chief Executive Officer. Galapagos retains exclusive rights in Belgium, the Netherlands and Luxembourg. “What a fantastic moment in our 20th anniversary year to sign this landmark deal with our great partner Gilead,” said Onno van de Stolpe, Chief Executive Officer of Galapagos. Gilead also receives option rights for GLPG1972, a Phase 2b candidate for osteoarthritis, in the United States. The agreement also includes a 10-year standstill, restricting Gilead’s ability to seek acquisition of Galapagos or increase its stake beyond 29.9% of … Et 2019 commence fort avec la reprise par Bristol-Myers Squibb (BMS) de la biotech Celgene, spécialiste de l'oncologie, pour 74 milliards de dollars. “We are thrilled to announce our acquisition of Fidelta. En août 2017, Gilead Sciences annonce l'acquisition de Kite Pharma, entreprise américaine spécialisée dans l'oncologie notamment des récepteurs antigéniques chimériques, pour 11,9 milliards de dollars. The agreement also includes a 10-year standstill restricting Gilead’s ability to seek to acquire Galapagos or increase its stake in Galapagos beyond 29.9% of the company’s issued and outstanding shares, subject to limited exceptions. GILEAD investit plus de cinq milliards de dollars dans le belge Galapa... Toutes les infos pour investir en toute confiance dans les cryptomonnaies. The companies will share future global development costs for filgotinib equally, in lieu of the 80/20 cost split provided by the original agreement. Gilead did consider acquiring Galapagos but chose a partnership instead. Galapagos (Euronext & NASDAQ: GLPG) discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases. The acquisition provides Gilead with Hepcludex, which is conditionally approved by EMA for the treatment of chronic HDV in … Gilead is also on the hook for up to $1.35 billion in potential milestones and will pay tiered royalties starting at 20% and split profits in territories where Gilead and Galapagos … Gilead will pay $5.1 billion to greatly deepen research ties with Belgian drugmaker Galapagos, announcing Sunday a 10-year deal that ups its ownership. "The field of cell therapy has advanced very quickly, to the point where the science and technology have … For more information on Gilead Sciences, please visit the company’s website at www.gilead.com. Gilead’s equity investment will consist of a subscription for new Galapagos shares at a price of €140.59 per share, representing a 20% premium to Galapagos’ 30-day, volume-weighted average price. Ils continueront de commercialiser le médicament en France, Allemagne, Italie, Espagne et Royaume-Uni, se répartiront équitablement les profits et Galapagos conserva les droits exclusifs dans le Benelux. That feels like … Les deux partenaires ont également revu l'accord sur le produit phare de Galapagos, le filgotinib, un composé expérimental pour la polyarthrite rhumatoïde et d'autres maladies inflammatoires. The company strives to transform and simplify care for people with life-threatening illnesses around the world. Gilead did consider acquiring Galapagos but chose a partnership instead. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. Gilead signed a $2 billion deal with Galapagos in 2015, codeveloping an experimental rheumatoid-arthritis drug called filgotinib. Mergers & Acquisitions Gilead and Galapagos strike big R&D deal Gilead will pay more than $5 billion for access to the Belgian firm’s new drug pipeline by … Gilead will receive an exclusive product license and option rights to develop and commercialize all current and future programs in all countries outside Europe. Gilead Sciences has found a new chief financial officer in an appointment that has mergers and acquisitions written all over it. 13. In mid-2019, Gilead paid Galapagos (NASDAQ:GLPG) almost $4 billion plus $1.1 billion in equity for exclusive rights to its portfolio of compounds. More information at www.glpg.com. To access the call by telephone from the U.S./Canada, please call 1-877-359-9508 or 1-224-357-2393 from the U.S./Canada and use the conference ID 186 9522. Some content on this site is not intended for people outside the United States. After the completion of a qualifying Phase 2 study, Gilead will have the option to acquire an expanded license to the compound. Gilead and Galapagos have also agreed to amend certain terms around the development and commercialization of filgotinib, the experimental compound being advanced for rheumatoid arthritis and other inflammatory diseases. An acquisition spree. I won't be surprised, though, if Gilead … The deal left Galapagos … In addition, Galapagos intends to … Forward-looking statements include, without limitation, the risk that Gilead may not realize any benefits from the global collaboration and option agreement; its potential effects on Gilead's revenues and earnings; Gilead may fail to discover, develop and commercialize any of Galapagos’ pipeline products under the agreement; the filing of the new drug applications for approval of filgotinib in the currently anticipated timeframe; approval of filgotinib by regulatory authorities, including any approvals, if granted, may have significant limitations on its use; the anticipated timing of clinical data of Galapagos’ pipeline products; the possibility of unfavorable results from these clinical trials; filings and approvals relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction in a timely manner or at all; and the accuracy of any assumptions underlying any of the foregoing. Galapagos’ chief executive officer, Onno van de Stolpe, recently told the Belgian newspaper De Tijd, that Gilead hadn’t approached them regarding an acquisition and didn’t know if they would. We chose to partner with Galapagos because of its pioneering target and drug discovery platform, proven scientific capabilities and outstanding team,” said Daniel O’Day, Chairman and Chief Executive Officer of Gilead. Jul. Chaque mois, Capital directement chez vous ! Galapagos will use the proceeds to expand and … Galapagos will receive a $3.95 billion upfront payment and a $1.1 billion equity investment from Gilead. Under the amended agreement, Galapagos will have greater involvement in filgotinib’s global strategy and participate more broadly in the commercialization of the product in Europe, providing the opportunity to build a commercial presence on an accelerated timeline. 15. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, uncertainty regarding the ability of the parties to complete the transaction considering the transaction is subject to closing conditions and any applicable antitrust clearance requirements, clinical trial and product development activities and regulatory approval requirements (including that data from the ongoing and planned clinical research programs may not support registration or further development of Galapagos’ drug candidates due to safety, efficacy or other reasons), Galapagos’ reliance on collaborations with third parties (including its collaboration partner Gilead), and estimating the commercial potential of filgotinib, GLPG1690 and/or GLPG1972. 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 or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements, unless specifically required by law or regulation. Gilead also established a multi-year collaboration with Galapagos last year with a price tage of $5.1 billion, including a $1.1 billion equity stake in the biotech. The collaboration will allow for closer scientific partnership between the companies. Concrètement, Gilead va payer 3,95 milliards de dollars et acquérir pour 1,1 milliard de dollars d'actions Galapagos au prix de 140,59 euros par titre, soit une prime de 9,7% par rapport au cours de clôture de vendredi dernier. To access the phone replay, please call 1-855-859-2056 or 1-404-537-3406 and dial the conference ID 186 9522. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California. 15 2019, Published 1:07 p.m. But by 2016, attitudes were changing. Gilead has also significantly strengthened its inflammation and fibrosis portfolio with its deepened collaboration with Galapagos (NASDAQ: GLPG). An acquisition spree In mid-2019, Gilead paid Galapagos (NASDAQ:GLPG) almost $4 billion plus $1.1 billion in equity for exclusive rights to its portfolio of compounds. Galapagos CEO Van de Stolpe is reportedly trying to secure a European pharmaceutical company to acquire at least a 10% stake in Galapagos to thwart a takeover bid from Gilead. As part of the collaboration, Gilead gains rights to GLPG1690, Galapagos’ Phase 3 candidate for idiopathic pulmonary fibrosis. A further list and description of these risks, uncertainties and other risks can be found in Galapagos’ Securities and Exchange Commission (SEC) filings and reports, including in Galapagos’ most recent annual report on Form 20-F filed with the SEC and subsequent filings and reports filed by Galapagos with the SEC. Ensemble, ils donnent naissance à un géant pesant 33,3 milliards de dollars de chiffre d'affaires, numéro un mondial en oncologie (62 % de son chiffre d'affaires) et dans les maladies cardio-vasculaires. The upfront payment alone, $3.95 billion, is worth as much as the previous top-three deals combined: Merck & Co – Astrazeneca ($1.6 billion), Astrazeneca – Daiichi Sankyo ($1.35 billion) and Merck & Co – Bayer ($1 billion). En 2018, les opérations de fusions et acquisitions dans le secteur ont avoisiné les 200 milliards de dollars, soit une hausse sensible par rapport à 2017. “Galapagos has been highly effective at target identification and drug discovery, progressing novel molecules from research into the clinic. 47. Gilead’s equity investment will consist of a subscription for new Galapagos shares at a price of €140.59 per share, representing a 20% premium to Galapagos’ 30-day, volume-weighted average price.
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