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hugbu

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hugbu

Re: None

Friday, 03/05/2010 3:41:31 AM

Friday, March 05, 2010 3:41:31 AM

Post# of 253609
A biotech with some value :

Galapagos reports record revenues and net profit for 2009, foresees sustained profitability
• Total revenues of €106 M (+34%)
• Group net profit of €3 M
• R&D revenues of €63.8 M (+76%), driven by alliances
• BioFocus recurrent segment profit of €7.9 M (+174%)
• Cash position of €47.4 M at year-end
• Four programs moved into clinical development
• 2010 guidance: profitability and positive cash-flow, revenues more than €135 million

www.glpg.com

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