Galapagos tops BEL20 on encouraging trial data for cancer treatment
** Shares in Galapagos GLPG.AS rise 4% after the Belgian biotech company presented "encouraging" new data for its blood cancer treatment GLPG5101 on Friday
** Galapagos says "no unexpected safety findings were observed and treatment with GLPG5101 resulted in high complete response rates in all indications in this heavily pretreated patient population"
** Van Lanschot Kempen calls the update "encouraging"
** "Given that GLPG5101 is currently manufactured at a single site in Europe, we look forward to the planned IND (Investigational New Drug) in mid'24 to include sites in the US and substantiate the claim of decentralized manufacturing, which we continue to believe to be of value-add," the broker adds
** KBC notes clinical studies "continue to show solid outcomes"
** The shares are on top of Belgium's blue-chip BEL20 index .BFX
Reporting by Olivier Sorgho
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