Belgium's Galapagos Expands Drug Alliance With Merck
October 14 2009 - 2:26AM
Dow Jones News
Belgian drug discovery company Galapagos NV (GLPG.BT) Wednesday
said it has expanded its drug alliance with Merck & Co. Inc.
(MRK) to include drugs that could treat atherosclerosis, the
hardened arteries that cause heart attacks and strokes.
MAIN FACTS:
-Galapagos' alliance milestones will more than double to EUR400
million, plus royalties on worldwide sales.
-Galapagos already works with Merck on diabetes and obesity drug
development.
Company Web site: www.glpg.com
Company Web site: www.merck.com
-By Brussels Bureau, Dow Jones Newswires; +322 741 1480;