Janssen returns rights of IBD drug GLPG1205 to Galapagos
US health care giant Johnson & Johnson’s (NYSE: JNJ) Europe-based subsidiary Janssen has returned the rights to Belgian pharma company Galapagos’ (Euronext: GLPG) GLPG1205.
The experimental inflammatory bowel disease drug and the backup compound GLPG2196 have been returned to Galapagos, though it did not provide further details on the transaction.
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