Mechelen, Belgium; 22 October 2010 - Galapagos NV (Euronext: GLPG) announces that it has completed its capital increase by issuing today 2,389,347 new ordinary shares. These shares will be delivered to Belgian and international institutional and other eligible investors who participated in the €28.7 million private placement closed earlier this week. The newly issued shares will be admitted to listing on NYSE Euronext Brussels/Amsterdam on 25 October 2010.
Galapagos has a total of 26,282,827 outstanding ordinary shares.
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size biotechnology company specialized in the discovery and development of small molecule and antibody therapies with novel modes-of-action. The Company is progressing one of the largest pipelines in biotech, with six clinical and over 50 small molecule discovery/pre-clinical programs. Through risk/reward-sharing alliances with GlaxoSmithKline, Lilly, Janssen Pharmaceutica, Merck & Co., Roche and Servier, Galapagos is eligible to receive up to €3.3 billion in downstream milestones, plus royalties. The Galapagos Group has over 800 employees and operates facilities in seven countries, with global headquarters in Mechelen, Belgium. More info at: www.glpg.com
CONTACTS
Galapagos NV
Onno van de Stolpe, CEO
Tel: +31 6 2909 8028
ir@glpg.com
Elizabeth Goodwin, Director Investor Relations
Tel: +31 6 2291 6240
ir@glpg.com
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