UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2020
Commission File Number: 001-37384
GALAPAGOS NV
(Translation of registrant's name into English)
Generaal De Wittelaan L11 A3 2800 Mechelen, Belgium
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
The information contained in this report on Form 6-K, including the exhibits, except for the quote of Dr. Merdad Parsey and the quote of Dr. Walid Abi-Saab contained in Exhibit 99.1, is hereby incorporated by reference into the Company’s Registration Statements on Forms F-3 (File No. 333-230639) and S-8 (File Nos. 333-204567, 333-208697, 333-211834, 333-215783, 333-218160, 333-225263 and 333-231765).
On August 19, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated August 19, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GALAPAGOS NV | ||
(Registrant) | ||
Date: August 19, 2020 | /s/ Xavier Maes | |
Xavier Maes | ||
Company Secretary | ||
EXHIBIT 99.1
Galapagos
announces that Gilead received a complete response letter for filgotinib for the treatment
of moderately to severely active rheumatoid arthritis
Mechelen,
Belgium; 19 August 2020, 01.25 CET; regulated information – Galapagos (Euronext
& Nasdaq: GLPG) announces today that Gilead Sciences, Inc. (Nasdaq: GILD) received
a complete response letter (CRL) from the U.S. Food and Drug Administration (FDA) for
the New Drug Application (NDA) for filgotinib, an investigational treatment for moderately
to severely active rheumatoid arthritis (RA). The FDA issues CRLs to indicate that the
review cycle for an application is complete and that the application is not ready for
approval in its present form. Gilead is the market authorization holder for filgotinib
in the United States and is responsible for potential commercialization in the U.S.
The FDA has requested data from the MANTA and MANTA-RAy studies before completing its review of the NDA. The MANTA and MANTA-RAy studies are designed to assess whether filgotinib has an impact on sperm parameters. The FDA also has expressed concerns regarding the overall benefit/risk profile of the filgotinib 200 mg dose.
“We are disappointed in this outcome and will evaluate the points raised in the CRL for discussion with the FDA. We continue to believe in the benefit/risk profile of filgotinib in RA, which has been demonstrated in the FINCH Phase 3 clinical program,” said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences.
“This CRL issued by the FDA is very disappointing given the robust and comprehensive data package provided. Despite today’s news, we continue to believe filgotinib has the potential to provide an effective, new treatment option for patients with rheumatoid arthritis, where there remains a significant unmet need,” said Dr. Walid Abi-Saab, Chief Medical Officer, Galapagos.
The MANTA and MANTA-RAy studies are fully recruited, with topline results anticipated in the first half of 2021. Filgotinib is currently under review by regulatory authorities around the world. Filgotinib recently received a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use, recommending marketing authorization for filgotinib in the EU for the treatment of adults with moderate to severe RA who have responded inadequately or are intolerant of one or more disease-modifying anti-rheumatic drugs.
Under the terms of the agreement with Gilead, Galapagos is entitled to an approval milestone of $100 million for the approval of filgotinib in the US, which was included in the Galapagos cash burn guidance. Following this CRL, Galapagos revises its full year 2020 operational cash burn guidance to between €490 and €520 million.
About
the Filgotinib Collaboration1
Gilead and Galapagos NV are collaborative
partners in the global development and commercialization of filgotinib in rheumatoid
arthritis, and other inflammatory indications. The companies have multiple clinical study
programs for filgotinib in inflammatory diseases, including the FINCH Phase 3 program
in rheumatoid arthritis, the Phase 3 SELECTION trial in ulcerative colitis, the DIVERSITY
Phase 3 trial in Crohn’s disease, the Phase 3 PENGUIN trials in psoriatic arthritis,
as well as Phase 2 studies in uveitis and in small bowel and fistulizing Crohn’s
disease. More information about clinical trials with filgotinib can be accessed at: www.clinicaltrials.gov.
About Galapagos
Galapagos NV discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises discovery through Phase 3 programs in inflammation, fibrosis, osteoarthritis and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines. More information at www.glpg.com.
About Gilead Sciences
Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in areas of unmet medical need. The company strives to transform and simplify care for people with life-threatening illnesses around the world. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California. For more information on Gilead Sciences, please visit the company’s website at www.gilead.com.
Contacts Galapagos
Investors: | Media: |
Elizabeth Goodwin | Carmen Vroonen |
VP IR | Global Head of Communications and Public Affairs |
+1 781 460 1784 | +32 473 824 874 |
Sofie Van Gijsel | Anna Gibbins |
Senior Director IR | Senior Director Therapeutic Areas Communications |
+32 485 19 14 15 | +44 7717 801900 |
ir@glpg.com | communications@glpg.com |
Galapagos Forward-Looking Statements
This press
release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended,
that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those
referred to in the forward-looking statements and, therefore, the reader should not place undue reliance on them. These risks,
uncertainties and other factors include, without limitation, the inherent uncertainties associated with competitive developments,
clinical trial and product development activities, and regulatory approval requirements (including that data from the ongoing
and planned clinical research programs with filgotinib may not support registration or further development of filgotinib due to
safety, efficacy or other reasons), whether or when regulatory authorities would approve marketing authorization for filgotinib
after receipt of data from MANTA and MANTA RAy studies or whether regulatory authorities will require additional studies, Galapagos’
reliance on collaborations with third parties (including its collaboration partner for filgotinib, Gilead), the uncertainty regarding
estimating the commercial potential of filgotinib, that Galapagos’ expectations regarding its operational cash burn for
financial year 2020 may be incorrect, as well as those risks and uncertainties identified in our Annual Report on Form 20-F for
the year ended December 31, 2019 and our subsequent filings with the SEC. All statements other than statements of historical fact
are statements that could be deemed forward-looking statements. The forward-looking statements contained herein are based on management’s
current expectations and beliefs and speak only as of the date hereof, and Galapagos makes no commitment to update or publicly
release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or
changes in expectations.
This press
release contains inside information within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council
of 16 April 2014 on market abuse (market abuse regulation).
1 Gilead & Galapagos Filgotinib Clinical Program Trial Details: FINCH 1 (NCT02889796); FINCH 2 (NCT02873936); FINCH 3 (NCT02886728); SELECTION (NCT02914522); DIVERSITY (NCT02914561); PENGUIN 1 (NCT04115748); PENGUIN 2 (NCT04115839)