Galapagos receives EU1.6 million IWT grant for hepatitis B

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Galapagos receives EU1.6 million IWT grant for hepatitis B program

MECHELEN, Belgium, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Galapagos NV (Euronext: GLPG) announces that the Flemish Agency for Innovation through Science and Technology (IWT) has awarded a €1.6 million grant to support the development of new antiviral therapies against hepatitis B, in a collaboration project with Prof. Johan Neyts of the Rega Institute of the University of Leuven and Prof. Stephan Urban of the University Hospital in Heidelberg.

The goal of the project is to identify novel compounds and targets with the potential to cure chronic hepatitis B infection, allowing patients to come off current life-long therapy.  Research will focus on compounds against viral protein targets and on inhibitors of host cell proteins.  Galapagos will use its proprietary target and drug discovery platform to identify novel modes of action and screen for candidate drugs.   The Rega and Heidelberg sites will contribute to the development of assays, perform analysis of the mechanism of action of drug candidates, and bring in expertise of the virus and its life cycle to accelerate the progression of drug development.

"Chronic hepatitis B is a disease area with significant unmet medical need, and where Galapagos and its academic partners can bring unique expertise to bear on finding new therapies," said Dr Piet Wigerinck, Chief Scientific Officer of Galapagos. 

"It would be an enormous advance if patients could be cured of their chronic HBV infection" said Prof. Johan Neyts, virologist at the University of Leuven.

About chronic hepatitis B

Hepatitis B virus (HBV) is a member of the Hepadnavirus family of small DNA viruses, which are adapted to infect specifically the livers of different species. In adults HBV infections are typically acute and self-resolving; however in 5-10% of cases they can become chronic.  In children and infants this rate becomes significantly higher (up to 90%).  In chronic infection, the virus establishes itself in the liver of the host and over time leads to progressively more severe pathology, including eventually cirrhosis, and, in a proportion of cases, hepatocellular carcinoma (HCC). The proven link between HBV and HCC makes the virus one of the most significant known carcinogens.  
The disease is a significant burden to world health, with approximately 350 million chronic sufferers worldwide, and around 650,000 deaths per year attributed to the effects of chronic HBV infection such as HCC.  Treatments currently employed for HBV include prophylactics such as vaccines to prevent infection or therapeutics to treat established chronic infection. However, so far no therapeutic vaccines have been developed, and drugs such as nucleosides which are highly effective at reducing viral load in patients do not result in functional cures in the majority of cases, even after years of therapy. Interferon therapy can give rise to functional cure in a small proportion of patients, however, the treatment is poorly tolerated. Because of these issues new treatments are required, and it is likely that combination approaches like those taken with the hepatitis C virus will be key to establish functional cures in HBV. 

About IWT

The agency for Innovation by Science and Technology (abbreviated as IWT) is the government agency founded in 1991 by the Flemish Government to support technological innovation projects in Flanders.  Each year IWT distributes about €300 million in subsidies for innovation projects to companies, organizations, research and educational institutions in Flanders.  In addition to financial support, IWT also assists companies by, for instance helping them find the right information or the right partners at home or abroad, providing assistance with the preparation of projects for European programmes and with technology transfer throughout Europe.  IWT also has an important coordination mandate aimed at promoting close cooperation among all the actors involved in technological innovation in Flanders.  For more information, please visit http://www.iwt.be or call +32 2 432 42 00.

About Galapagos

Galapagos (Euronext: GLPG; OTC: GLPYY) is a clinical-stage biotechnology company specialized in the discovery and development of small molecule medicines with novel modes of action, with a pipeline comprising three Phase 2 programs, two Phase 1 trials, five pre-clinical studies, and 25 discovery small-molecule and antibody programs in cystic fibrosis, inflammation, and other indications.  In the field of inflammation, AbbVie and Galapagos signed a collaboration agreement for the development and commercialization of GLPG0634 .  GLPG0634 is an orally-available, selective inhibitor of JAK1 for the treatment of rheumatoid arthritis and potentially other inflammatory diseases, currently in Phase 2b studies in RA and in Phase 2 in Crohn's disease.    GLPG1205, a first-in-class inhibitor of GPR84, is currently being tested in a Phase 2 proof-of-concept trial in ulcerative colitis patients.  GLPG1690 is a compound that targets pulmonary diseases and is currently in a Phase 1 trial.  AbbVie and Galapagos also signed a collaboration agreement in cystic fibrosis to develop and commercialize molecules that address mutations in the CFTR gene.  Potentiator GLPG1837 is currently in a Phase 1 trial, and corrector GLPG2222 is at the pre-clinical candidate stage.  The Galapagos Group, including fee-for-service subsidiary Fidelta, has approximately 400 employees, operating from its Mechelen, Belgium headquarters and facilities in The Netherlands, France, and Croatia.  Further information at: www.glpg.com

CONTACT

Galapagos NV
Elizabeth Goodwin, Head of Corporate Communications & IR
Tel: +31 6 2291 6240
ir@glpg.com

Galapagos forward-looking statements

This release may contain forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our product candidates, intended product development, clinical activity timing, and other objectives and explanations, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," "continues," "we believe," "we intend," as well as similar expressions.  Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Galapagos, or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements and estimating the commercial potential of our product candidates. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements.  These forward-looking statements speak only as of the date of publication of this document.  Galapagos expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.

HUG#1893438

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Once Upon a Coconut Supports Breast Cancer Cause

Updated Category News Views 2

Supporting Breast Cancer Awareness When a coconut water brand shifts to pink, it's not just about changing colors—it's a signal of commitment. Every October, the world paints itself pink to stand against breast cancer, and Once Upon a Coconut is no different. This year, they're diving headfirst into Breast Cancer Awareness Month with their limited-edition pink cans, all...

Continue Reading
New Leadership at Newmark: Tech Focus Amplified

Updated Category News Views 4

A Strategic Leap in Tech Leadership Newmark Group, Inc. (NASDAQ: NMRK) has handed the digital reins to Mike Whitaker, bringing him on board as Group Chief Information Officer. If you're in the loop with commercial real estate, this shakeup shouldn't come as a surprise. Newmark's been pretty gung-ho about tightening their tech playbook, and Whitaker's appointment is just...

Continue Reading
Elevest's Fund 70: High Hopes in Dallas Tower Deal

Updated Category News Views 3

Aiming High in the Heart of Dallas Rolling the dice in downtown Dallas isn't for the faint-hearted, but Elevest Capital is strutting in with swagger. Their 70th fund acquisition—a 229-unit high-rise—is rocking the highest going-in cap rate the firm has ever snagged at 6.4%. Built in 2007 and lounging at a comfy 93% occupancy with zero concessions, this property sure...

Continue Reading
AI Memory Growth Pushes Limits at GMIF2026 Summit

Updated Category News Views 4

The Memory and Storage Race in the AI Era The 5th GMIF2026 Innovation Summit wrapped up in Shenzhen, and boy, was it a heavyweight bout. You could practically feel the tension in the room as industry giants sparred over the future of memory and storage in AI. This wasn't just another trade show pow-wow; this was a strategic chess match over where AI infrastructure is...

Continue Reading
Revamping Children's Radiotherapy: Leo Cancer Care's Vision

Updated Category News Views 5

The latest buzz in pediatric radiotherapy is shaking things up, and it’s all thanks to a game-changing shift in how treatment is delivered to kids. We're eyeballing Leo Cancer Care's innovative approach that might just redefine how these young patients face their battles. Standing Tall: A New Chapter in Proton Therapy In June, Stanford Medicine dished out the first...

Continue Reading
Primrose Schools App: A Bold Step for Digital Literacy

Updated Category News Views 2

Primrose Schools Delivers a New Era in Child Education Sitting at a crossroads between the tactile charm of hands-on learning and the inevitable march of digital literacy, Primrose Schools has unveiled something that might just rock the boat in early education: their new Balanced Learning® App. This move by Primrose comes at a crucial time when many parents are...

Continue Reading
Class Action Lawsuit Hits Desert Resort Management

Updated Category News Views 4

Desert Resort Management in Labor Hot Seat Alright, here's a twist that might make your coffee spill—Desert Resort Management, Inc. is caught in a legal whirlwind in Riverside County. The heavy hitters at Blumenthal Nordrehaug Bhowmik De Blouw LLP have slapped a lawsuit right in their face, alleging some grimy labor practices. They're claiming that the company wasn't...

Continue Reading
Appy Pie Secures Patent for AI Driven App Building

Updated Category News Views 2

A New Dawn in App Creation You ever think about a world where creating an app is as straightforward as chatting with an old buddy? Well, that future's knocking at the door, courtesy of Appy Pie. They're ruffling feathers with a shiny new U.S. patent promising just that—apps whipped into shape by a bit of chitchat with their AI-powered platform. It's got folks scratching...

Continue Reading
AHN Healthcare@Home Celebrates Fourth Top Workplace Win

Updated Category News Views 4

Four-Time Top Workplace Champ You want to talk consistency? Let's talk about AHN Healthcare@Home pulling in that Pittsburgh Top Workplace award four years running. It's no small feat, especially in the healthcare sector where employee burnout isn't just a buzzword—it's a daily challenge. How did a home health and hospice outfit like AHN land this honor? Well, it's all...

Continue Reading
RiskScout Rides High on Funding, Tackles Financial Crime

Updated Category News Views 4

A Fresh Injection to Combat Financial Crime Capital's flowing into RiskScout's coffers thanks to a new funding round, and it's not just about cash—it’s about gearing up for a battle against financial crime. The round was led by LiveOak Ventures, who aren't new to the block, alongside other players like Castle Creek Launchpad and Alloy Labs. After tripling their...

Continue Reading

Top 5 Most Recently Viewed Articles

Celebrating HII's Employees at the Women of Color STEM Awards

Updated Category News Views 86

HII Celebrates Diversity and Excellence in STEM HII, renowned for its innovations in national defense and advanced technologies, proudly honors 15 of its dedicated employees who showcased exceptional contributions in the fields of science, technology, engineering, and mathematics (STEM) at a prestigious event. This recognition took place at the annual Women of Color STEM...

Continue Reading
Titan International's Q4 Performance & 2025 Projections Explained

Updated Category News Views 488

Titan International, Inc. Reports Fourth Quarter Financial Results Titan International, Inc. (NYSE: TWI), a prominent global manufacturer of off-highway wheels and tires, recently released their financial results for the fourth quarter and fiscal year ending December 31, 2024. The company highlighted significant achievements in cash flow and marked a successful...

Continue Reading
Navigating the Shadows of Earnings Reports: Traders Beware

Updated Category News Views 176

So, let's get straight to it—earnings reports are like riddles wrapped in mysteries. You think you’re just reading numbers, but nah, it’s a deep dive into corporate guts and glory. And when those earnings come out, they set the tone for stocks to either fly high or crash hard. Here’s the deal: Earnings Per Share (EPS) is that go-to figure everyone obsesses over....

Continue Reading
VUNO Accelerates Global Expansion with CE MDR and UKCA Approvals

Updated Category News Views 200

Regulatory Approvals for VUNO's Innovative Solutions VUNO, a prominent player in the medical AI field, has recently achieved significant regulatory milestones with the CE MDR and UKCA certifications for its AI-powered cardiac arrest risk management system, VUNO Med®-DeepCARS®. These approvals mark a decisive step in the company's plans to enhance healthcare offerings...

Continue Reading
Nova Leap Health Corporation Reports Promising Q1 2025 Performance

Updated Category News Views 195

Nova Leap Health Corp.'s Q1 2025 Financial Highlights NOVA LEAP HEALTH CORP. (TSXV: NLH) is excited to share its financial results for the quarter ending March 31, 2025, reflecting the company's positive growth trajectory in the home health care sector. Q1 2025 Performance Overview The latest financial report discloses that Nova Leap achieved revenues of $7,093,624 for...

Continue Reading