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Galapagos Enters Cancer Field With CellPoint Buy

 
• By Jessica Merrill

Deal Snapshot: CEO Stoffels delivered on a recent promise to bring in mid-stage assets, acquiring a firm with a Phase I/IIa CAR-T therapy program for €125m ($131.6m) up front.

shopping bags
Galapagos is shopping for new assets • Source: Shutterstock

Who: Galapagos NV/CellPoint B.V.

What: Galapagos is buying the Dutch cell therapy company CellPoint, which is developing next-generation chimeric antigen receptor T-cell (CAR-T) therapies that could be delivered to patients faster.

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