Galapagos NV (GLPG) Signs Agreement with Gilead on Ouro Medicines Assets

Galapagos NV (NASDAQ:GLPG) is 1 of the

7 Fastest Growing European Stocks to Invest In. On March 31, 2026, Galapagos NV (NASDAQ:GLPG) announced a binding statement with Gilead Sciences (NASDAQ:GILD) related to Gilead’s planned acquisition of Ouro Medicines, a U.S.-based biotech focused connected T compartment engager therapies for autoimmune diseases. The woody includes entree to Ouro’s clinical-stage plus gamgertamig, a BCMAxCD3 T compartment engager, on with further preclinical programs. Under the agreement, Galapagos volition get licenses to cardinal intelligence property, presume definite improvement responsibilities, and summation operational assets including facilities and personnel, efficaciously establishing an operating concern tied to the programs. The model besides allows Galapagos to deploy astatine slightest $500M of its currency independently, including up to $150M for imaginable stock buybacks.

Gamgertamig has received Fast Track and Orphan Drug Designation from the FDA for AIHA and ITP and is expected to participate registrational studies arsenic aboriginal arsenic 2027. Galapagos volition money early-stage development, portion later-stage costs volition beryllium shared with Gilead, which volition pb planetary commercialization extracurricular definite territories. The institution is besides eligible for milestone payments and tiered royalties ranging from 20% to 23% connected nett sales.

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On March 26, 2026, Galapagos NV (NASDAQ:GLPG) besides announced the projected assignment of Gino Santini arsenic a non-executive autarkic manager and aboriginal seat of the board, taxable to shareholder support astatine its April 28 yearly meeting.

Galapagos NV (NASDAQ:GLPG) develops therapies focused connected oncology and immunology.

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