Galapagos NV Receives Notification from EcoR1 Capital LLC
Galapagos NV Receives Notification from EcoR1 Capital LLC
Mechelen, Belgium; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) has officially received a transparency notification from EcoR1 Capital LLC, a significant event for the company.
Details of the Notification
On September 13, Galapagos was informed that Mr. Oleg Nodelman and EcoR1 Capital LLC currently hold 6,713,553 of Galapagos’ voting rights. This figure is composed of 839,388 ordinary shares and 5,874,165 American Depository Receipts (ADRs). The notification noted that these voting rights were acquired through the purchase of securities that are recognized as voting rights.
Breakdown of Holdings
EcoR1 Capital LLC, led by Mr. Oleg Nodelman, manages investment funds including EcoR1 Capital Fund Qualified LP and EcoR1 Capital Fund LP. Together, these funds possess 10.19% of Galapagos’ voting rights, surpassing the important 10% threshold due to purchases on September 10, 2024. This acquisition is significant as it indicates increased interest and investment in Galapagos.
Insight into EcoR1 Capital LLC
EcoR1 Capital LLC operates as a discretionary investment advisory firm, managing client investments that include individuals, endowments, and foundations. The notification specifies that EcoR1's clients benefit from the voting rights, enhancing the firm's influence over company decisions. The voting rights under EcoR1's management are exercised at their discretion, absent specific directions from clients.
The Importance of Transparency Notifications
Understanding transparency notifications is crucial for shareholders and analysts alike. These notifications help maintain a level of accountability among large shareholders in publicly traded companies. Knowledge of significant changes in voting control can lead to informed investment decisions and foster confidence in the company's governance structures.
A Closer Look at Galapagos NV
Galapagos is a biotechnology firm dedicated to developing transformative medicines aimed at addressing chronic health issues. Operating principally in Europe and the U.S., the company focuses on unmet medical needs, striving to innovate in the fields of oncology and immunology. Their commitment is to merge cutting-edge science with technology and collaborative methods to build a remarkable portfolio of small molecules and cell therapies.
Commitment to Patient Care
Galapagos prides itself on its patient-centered approach, ensuring that the therapies developed are not only innovative but also significantly improve the quality of life. Their focus extends beyond just extending life; they aim to enhance patients’ overall well-being. This patient-first philosophy positions them as leaders in the biotechnology sector.
Contact Information
For media inquiries, Galapagos invites interested parties to reach out to:
Marieke Vermeersch
+32 479 490 603
media@glpg.com
Jennifer Wilson
+44 7444 896759
media@glpg.com
For investor inquiries, contact:
Sofie Van Gijsel
+1 781 296 1143
ir@glpg.com
Sandra Cauwenberghs
+32 495 584 663
ir@glpg.com
Frequently Asked Questions
What is a transparency notification?
A transparency notification is a formal communication notifying a company of significant changes in shareholdings or voting rights by major shareholders.
Who is EcoR1 Capital LLC?
EcoR1 Capital LLC is an investment advisory firm controlled by Mr. Oleg Nodelman, managing funds that hold significant voting rights in Galapagos NV.
What does it mean to cross the 10% threshold?
Crossing the 10% threshold indicates a substantial amount of control over voting rights and can influence decision-making within the company.
How does Galapagos NV impact patient care?
Galapagos NV is committed to developing transformative therapies that enhance life quality and address serious health issues, particularly in oncology and immunology.
How can I contact Galapagos NV for more information?
You can reach out to their media or investor inquiries via the contact information provided above, including phone numbers and email addresses.
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