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Galapagos confirms 2008 financial results, foresees strong growth in 2009

Key Takeaway: Total revenues of €77.0 M (+17%) R&D revenues of €31.5 M (+38%) driven by alliance milestones BioFocus DPI recurrent segment profit of €3.4 M Group net loss decreased 33% to €14.6 M Cash position of €27.3 M at year-end Continued strong progress expected in 2009: o revenues

Full Press Release Details

Total revenues of €77.0 M (+17%)
R&D revenues of €31.5 M (+38%) driven by alliance milestones
BioFocus DPI recurrent segment profit of €3.4 M
Group net loss decreased 33% to €14.6 M
Cash position of €27.3 M at year-end
Continued strong progress expected in 2009:
o revenues €100 M, year-end cash €20 M, increased profit BioFocus DPI
o three clinical programs, including first-in-class rheumatoid arthritis drug
Click here to access the live audio webcast presentation at 10.00 CET, call number +32 2290 1791
Last updated: Mar 6, 2009