Galapagos and Servier celebrate late stage discovery milestone
Belgium-based Galapagos (Euronext: GLPG) has announced a late stage discovery milestone for small molecules against a novel target in its osteoarthritis alliance with privately-held French drugmaker Laboratoire Servier.
This milestone triggered a payment to Galapagos of 3 million euros ($3.9 million) and will contribute to group revenues in the first half of 2013.
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