Galapagos receives €4 M milestone for first clinical trial in GlaxoSmithKline alliance
The orally-available candidate drug GLPG0555 modifies kinase target GT622 and was identified through Galapagos' proprietary target discovery platform. Candidate drug GLPG0555 has demonstrated excellent activity in biochemical and animal models and has successfully completed pre-clinical development.
"This alliance with GSK was Galapagos' first, adding a special significance to today's clinical milestone. By funding an alliance program from target discovery to Phase I through success-based payments, we are achieving what we set out to do with our alliance strategy. This trial marks the first of what we would hope to be many programs from the arthritis alliance with GSK to enter the clinic," said Onno van de Stolpe, Chief Executive Officer of Galapagos.
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