Report
David Seynnaeve, PhD

Galapagos - Collaboration agreement with Adaptimmune

New clinical collaboration agreement with an option to exclusively license Adaptimmune's next-generation TCR T-cell therapy (uza-cel) for head & neck cancer and potential future solid tumor indications. Galapagos will pay USD 100m upfront.Initial in vitro results suggest that uza-cel, produced on Galapagos' decentralized manufacturing platform, yields early phenotype T-cells that could improve efficacy and durability compared to uza-cel centrally manufactured on Adaptimmune's platform.Interesting to see GLPG enter the TCR space. This deal will not immediately move the needle as time to market is still quite long. Adaptimmune is a well know player in the space, providing some validation to GLPG's
Underlying
Galapagos NV

Galapagos is a clinical-stage biotechnology company specialized in the discovery and development of small molecule medicines with novel modes of action, addressing disease areas of high unmet medical need. Execution on its proprietary drug target discovery platform has delivered a pipeline that consists of three Phase 2, three Phase 1, five pre-clinical, and 20 discovery programs in inflammation, cystic fibrosis, or CF, osteoarthritis, and other indications. Co.'s highly flexible platform offers applicability across a broad set of therapeutic areas. Co.'s programs include filgotinib, GLPG1837, GLPG1690, GLPG2222, GLPG1972.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
David Seynnaeve, PhD

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