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Gilead invests $5.1 billion into Galapagos NV

04:53 EDT 15 Jul 2019 | Pharmafile

Gilead has entered into a 10 year partnership with Belgo-Dutch biotech Galapagos NV.

The collaboration will see Gilead invest $5.1 billion in Galapagos. The deal will give Gilead access to Galapagos’ portfolio which includes six molecules in clinical trials, 20 preclinical programmes and a proven drug discovery platform.

Gilead will pay Galapagos $3.95 billion upfront and a further $1.1 billion equity investment which Galapagos will use to expand and accelerate its research and development programmes.

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Original Article: Gilead invests $5.1 billion into Galapagos NV

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