MECHELEN, BELGIUM--(Marketwire - March 06, 2012) -
Mechelen, Belgium; 6 March 2012 - Galapagos NV (Euronext: GLPG) announced
that it has received a transparency notification pursuant to the
transparency legislation (Belgian Act of 2 May 2007) concerning major
in Belgian listed companies from Abingworth Management Limited.
Galapagos received a transparency notification on 2 March 2012 from
Management Limited, who acts as manager of Abingworth Bioventures III
Abingworth Bioventures III B LP, Abingworth Bioventures III C LP, and
Bioventures III Executives LP and exercises voting rights for shares
those funds. Abingworth notified that on 1 March 2012 it was deemed to
1,295,327 shares, which represent 4.90% of the current 26,421,441
Galapagos shares. This participation represents a decrease from the
1,576,327 shares notified by Abingworth in October 2008.
Galapagos (Euronext: GLPG; OTC: GLPYY) is a mid-size clinical
biotechnology company specialized in the discovery and development of
molecule and antibody therapies with novel modes-of-action. The
progressing GLPG0634, as well as one of the largest pipelines in biotech,
four programs in development and over 50 discovery programs. The
Group has over 800 employees and operates facilities in six countries,
global headquarters in Mechelen, Belgium. More info at: www.glpg.com
This release may contain forward-looking statements, including,
limitation, statements containing the words "believes,"
"expects," "intends," "plans," "seeks," "estimates," "may," "will,"
"stands to," and "continues," as well as similar expressions. Such
looking statements may involve known and unknown risks, uncertainties and
factors which might cause the actual results, financial condition,
or achievements of Galapagos, or industry results, to be materially
from any historic or future results, financial conditions,
achievements expressed or implied by such forward-looking statements.
these uncertainties, the reader is advised not to place any undue
such forward-looking statements. These forward-looking statements speak
of the date of publication of this document. Galapagos expressly
obligation to update any such forward-looking statements in this
reflect any change in its expectations with regard thereto or any
events, conditions or circumstances on which any such statement is based,
required by law or regulation.
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Source: Galapagos NV via Thomson Reuters ONE