Biotech Values

[ghmm]

GLPG:

The stock was up a notable amount today. They did issue a PR about a board member leaving which one would think would be slightly negative (if anything) but there are two curious sentences (my highlight below).

http://finance.yahoo.com/news/vicki-sato-resigns-galapagos-board-063438579.html

Vicki Sato resigns from Galapagos Board
MECHELEN, Belgium, Jan. 9, 2015 (GLOBE NEWSWIRE) -- Galapagos NV (GLPG.NX) announces the resignation of Dr Vicki Sato as a member of its Board of Directors, effective 31 December 2014.

Dr Sato has been a member of the Galapagos Board since 2011. She is also a member of the Bristol-Myers Squibb Board of Directors. Dr Sato is leaving the Board of Galapagos to avoid any potential conflicts of interest.

"We wish to thank Vicki for her strong contribution to the evolution of Galapagos into a full-fledged, mature therapeutic pipeline company," said Dr Raj Parekh, Chairman of the Board of Directors of Galapagos. "We wish Vicki much success going forward."

I don't know of any partnership with BMY and I'm not familiar with BMY to know if there are competing programs but I imagine some may have been speculating on something else going on.