New name signals continued change at Galapagos

7 May 2026

Belgian biotech Galapagos (Euronext: GLPG) reported first-quarter 2026 revenue of six million euros ($7 million), down 91% from the prior year, as the company continued a sweeping strategic overhaul that will culminate this week in its rebranding as Lakefront Biotherapeutics.

The company posted diluted earnings per share of 0.22 euros, compared with a loss of 2.33 euros a year earlier. Net profit reached 14 million euros, versus a loss of 153 million euros in the first quarter of 2025.

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