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Stoffels Sets Out Strategy To Save Galapagos

Focus On Phase I/II Licensing Rather Than Late-Stage Prospects

 
• By Kevin Grogan

Pharma veteran Paul Stoffels, the new CEO of Galapagos, is not thinking about using the Belgian biotech’s cash pile to buy Phase III drugs but is open to licensing deals with US firms who have drugs approved at home and are looking for a European partner.

Stoffels_Paul
Galapagos CEO Paul Stoffels • Source: Archive

A month after taking over the hot seat at Galapagos NV, once the darling of Europe's biotech sector before a series of clinical and regulatory setbacks struck, Paul Stoffels, former chief scientific officer at Johnson & Johnson, has laid out plans to create value for the Belgian firm.

One of the most respected names in pharma, Stoffels took over as CEO from Onno van de Stolpe, the founder...

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