Bloomberg News

Galapagos, Servier Enter Strategic Alliance for Cancer Therapies

October 03, 2011

Oct. 3 (Bloomberg) -- Galapagos NV and Servier of France have entered a strategic alliance to develop new cancer therapies that could potentially result in as much as 260 million euros in milestone payments for Galapagos.

Galapagos will be responsible for the discovery and development of new candidate drugs against the companies’ combined oncology targets. Servier will have an exclusive option to license each small molecule program after the completion of pre-clinical development by Galapagos.

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