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Galapagos jumps after appointing EcoR1's Nodelman to its board



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** Shares in pharmaceutical company Galapagos GLPG.AS rise 4.3% after it appoints Oleg Nodelman, founder and portfolio manager of EcoR1 Capital, to its board of directors

** EcoR1 in August reported a 9.9% stake in Galapagos and said it planned to communicate with the management and the board about topics relating to co's performance and board composition

** "(Nodelman) will bring his track record in business development and capital deployment, and we'll be on the lookout to see if this translates into an acceleration in business development activity," KBC Securities says in a note

** The stock is on track for its best day since Aug. 26 if the gains hold, topping Amsterdam mid-cap index .AMX and Brussels blue-chip index .BFX

** Up to Friday's close, the Galapagos shares were down nearly 30% YTD​



Reporting by Nathan Vifflin

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