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Galapagos half year results in line with full year guidance

Key Takeaway: Confirmation of full year guidance of more than €135 M in revenues, a positive operating income and cash flow, and a positive net result Group revenues increased to €49.9 M (+27%) Service operations external revenues growth of 24% Service operations profit of €3.2 M excluding

Full Press Release Details

Confirmation of full year guidance of more than €135 M in revenues, a positive operating income and cash flow, and a positive net result
Group revenues increased to €49.9 M (+27%)
Service operations external revenues growth of 24%
Service operations profit of €3.2 M excluding exceptional costs
Group net loss of €10.5 M
Cash used in operations reduced to €4.2 M, (H109: €5.4 M)
Cash position of €27.2 M on 30 June 2010
New strategic alliances with Roche and Servier
Advancement of two additional programs to the clinic, bringing total to five
Last updated: Aug 6, 2010