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Galapagos, Gilead
Galapagos to amend Gilead deal; to spin off innovative medicines unit
Belgian biotech Galapagos (NASDAQ:GLPG) announced a major restructuring drive on Wednesday, with plans to amend its 10-year collaboration with Gilead (NASDAQ:GILD) as part of its intention to create a new publicly traded entity focused on innovative medicines.
Galapagos to Spin Out Innovative Medicines, Regain Gilead Assets
By mid-2025, the biotech will split into two entities: a new, as-yet-unnamed innovative medicines specialist and a cell therapy company, the latter of which will inherit the Galapagos name.
Galapagos to spin off innovative medicines business
Amsterdam-listed pharmaceutical firm Galapagos said on Wednesday it was planning to split into two listed entities by mid-2025, creating a new company focused on innovative medicines. The group, headquartered in the city of Mechelen in Belgium,
BioPharma Dive
9h
Galapagos, after research struggles, will split in two and revamp Gilead deal
Alongside plans to spin out a new company, the Belgian drugmaker said it will cut some 300 positions, or about 40% of its ...
15h
Gilead Sciences Inc. stock outperforms competitors despite losses on the day
This was the stock's fifth consecutive day of losses.
FierceBiotech
1d
Galapagos splits in 2, laying off 40% of staff, shrinking pipeline and ending Gilead partnership
After the separation, Gilead will hold around 25% of the outstanding shares in both Galapagos and the spin-off company. While ...
STAT
1d
Galapagos to split itself into two companies as part of turnaround plan
The beleaguered Belgian firm Galapagos is splitting itself into two companies, with the brandname biotech prioritizing ...
MM&M
18h
Galapagos to split itself into two companies, lay off 40% of staff
Galapagos will gain full development and commercialization rights to its pipeline, and is subject to single digit royalty ...
bovnews
19h
BofA Securities Just Resumed Gilead Sciences Inc (GILD) Stock—What Does This Mean for Investors?
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.10% of ...
1d
Gilead Sciences Inc. stock underperforms Tuesday when compared to competitors
This was the stock's fourth consecutive day of losses.
Christianity Today
1d
The Balm of Gilead Grows Again, Maybe
And other news from Christians around the world.
2d
on MSN
Here’s Why TCW Relative Value Large Cap Fund Exited its Position in Gilead Sciences (GILD)
TCW Funds, an investment management company, released its “TCW Relative Value Large Cap Fund” Q3 2024 investor letter. A copy ...
1d
Gilead price target lowered to $83 from $84 at RBC Capital
RBC Capital analyst Brian Abrahams lowered the firm’s price target on Gilead (GILD) to $83 from $84 and keeps a Sector Perform rating on the ...
Irish Independent on MSN
2d
Gilead gives its blessing to Poolbeg Pharma’s Hookpia merger deal
US biopharmaceuticals giant Gilead has thrown its weight behind a potential merger of Ireland’s Poolbeg Pharma and Austria ...
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