Arlena:
Galapagos announced that the other 2 year old partnership between the drug makers on cystic fibrosis is still intact.
Georgetta:
Galapagos had entered into two development partnerships with AbbVie, one on rheumatoid arthritis and one on cystic fibrosis.
Felicitas:
This seems to increase the chances of Galapagos finding another partner to further develop its arthritis drug.
Sarah:
Filgotinib, similar to ABT-494, is a JAK-1 inhibitor, a new class of drugs.
Janeen:
ABT-494, is an internally developed investigational selective JAK1 inhibitor.
Ping:
Upon the results, the drug maker announced that it would be graduating the experimental drug to its late stage clinical trials.
Therese:
The trials tested the drug in patients who were not responding adequately to two commonly prescribed arthritis treatments, TNF inhibitors and methotrexate.
Berry:
The trials were conducted on patients who failed to respond adequately to two of the usually prescribed drugs for arthritis treatment, methotrexate and TNF inhibitors.
Adah:
AbbVie, on the other hand, fell by 1.5% during the trading.
Charmaine:
Deerfield Management also holds a large position in Galapagos, holding 642,608 shares valued at $33.09 million, according to its recent 13F filing.
Galapagos Nv Sp ADR (NASDAQ:GLPG)
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