Galapagos joins forces with Gilead to develop filgotinib

17 December 2015

Belgium-based biotech firm Galapagos (Nasdaq:GLPG) and US firm Gilead Sciences (Nasdaq:GILD) have teamed up in a $2 billion deal to develop and market the inflammatory disease drug filgotinib.

Galapagos will receive an upfront payment of $725 million consisting of a license fee of $300 million and a $425 million equity investment.

The Belgian firm is also in line for payments of up to $1.35 billion in milestones, with tiered royalties starting at 20% plus profit shares.

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