GEN Exclusives

More »

GEN News Highlights

More »
Jul 23, 2009

Galapagos Receives $3.57M for Reaching Milestone in Osteoporosis Collaboration with Lilly

  • Galapagos reached a milestone in its osteoporosis collaboration with Eli Lilly, triggering a payment of €2.5 million from Lilly. To date Galapagos has received a total of €3.9 million in milestone fees.

    The original agreement, initiated in December 2007 with €3 million up front, provides Lilly access to 12 of Galapagos’ osteoporosis targets and drug discovery programs. Galapagos is eligible to receive up to €88 million for each target program in discovery, development, and regulatory milestones. Should a product be commercialized, Galapagos could receive up to €130 million in one-time sale-related milestones and up to double-digit royalties on worldwide sales.

    Galapagos is responsible for the development of drug candidates through to Phase IIa proof of concept. Lilly has the exclusive option to further develop and commercialize these candidates on a worldwide basis. Galapagos has the right to further develop and commercialize compounds for which Lilly does not exercise its option.

    The first milestone was achieved in July 2008 and triggered a €1 million fee. The current milestone was reached as one of the programs entered the next phase of medicinal chemistry operation. 


Related content


GEN Jobs powered by connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

The Triple Package and Success

One theory for explaining “success," put forward by Amy Chua Jed Rubenfeld, posits cultural traits such as a superiority complex, personal insecurity and impulse control. Union College professors Joshua Hart and Christopher Chabris counter that intelligence, conscientiousness, and economic advantage are the most likely elements of success, regardless of ethnicity. Do you think that Hart-Chabris make a better argument for achieving success than the Chua-Rubenfeld theory?

More »