Galapagos reports strong financial results and newsflow-rich pipeline
(WorldNews Belgium)

23 February 2017, 22:00 CET Galapagos reports strong financial results and newsflow-rich pipeline Key 2016 results: Group revenues increased by EUR91.0 million to EUR151.6 million Operating loss reduced by EUR77.9 million to EUR11.5 million Net profit of EUR54.0 million, compared to a net loss of EUR118.4 million in 2015 Cash balance increased by EUR632.7 million to EUR980.9 million at year-end Start of three Phase 3 studies with filgotinib Competitive patient data in CF program and good progress towards triple combination therapy Financial guidance 2017: Cash burn of EUR135-155 million Webcast presentation tomorrow, 24 February 2017, at 14.00 CET/8 AM ET, +32 2 400 6926, www.glpg.com Mechelen, Belgium; 23...