BNP Paribas notify of 4.8% shareholding in Galapagos

Mechelen, Belgium; 1 May 2015 - Galapagos NV (Euronext: GLPG) received a transparency notification from BNP Paribas.

Pursuant to Belgian transparency legislation^[1], Galapagos received a transparency notification on 27 April 2015 from BNP Paribas Investment Partners SA, BNP Paribas Asset Management SAS, BNP Paribas Investment Partners Belgium SA, BNP Paribas Investment Partners UK Ltd. and CamGestion SA.  BNP Paribas Investment Partners SA notified that since 22 April 2015, these entities under its control hold 1,481201 shares, representing 4.8% of the current 30,870,677 outstanding Galapagos shares.  This is compared to the 1,538,622 shares reported in the transparency notice Galapagos received from BNP Paribas on 5 February 2015.

About Galapagos
Galapagos (Euronext: GLPG; OTC: GLPYY) is a clinical-stage biotechnology company specialized in the discovery and development of small molecule medicines with novel modes of action, with a pipeline comprising three Phase 2 programs, two Phase 1 trials, five pre-clinical studies, and 25 discovery small-molecule and antibody programs in cystic fibrosis, inflammation, and other indications.  In the field of inflammation, AbbVie and Galapagos signed a collaboration agreement for the development and commercialization of filgotinib.  Filgotinib is an orally-available, selective inhibitor of JAK1 for the treatment of rheumatoid arthritis and potentially other inflammatory diseases, currently in Phase 2B studies in RA and in Phase 2 in Crohn's disease.  Galapagos reported good activity and a favorable safety profile at 12 weeks in both the DARWIN 1 and 2 trials in RA.  AbbVie and Galapagos also signed a collaboration agreement in cystic fibrosis to develop and commercialize molecules that address mutations in the CFTR gene.  Potentiator GLPG1837 is currently in a Phase 1 trial, and corrector GLPG2222 is at the pre-clinical candidate stage.  GLPG1205, a first-in-class inhibitor of GPR84 and fully-owned by Galapagos, is currently being tested in a Phase 2 proof-of-concept trial in ulcerative colitis patients.  GLPG1690, a fully proprietary, first-in-class inhibitor of autotaxin, has shown favorable safety in a Phase 1 trial and is expected to enter Phase 2 in idiopathic pulmonary fibrosis.  The Galapagos Group, including fee-for-service subsidiary Fidelta, has approximately 400 employees, operating from its Mechelen, Belgium headquarters and facilities in The Netherlands, France, and Croatia.  Further information at: www.glpg.com