- Belgian biotech Galapagos NV (OTCPK:GLPYY) and Janssen Pharmaceutica NV (JNJ) terminate their collaboration to develop the GPR84 inhibitor GLPG1205 for inflammatory bowel diseases. Full and unencumbered rights to the GPR84 program have now been transferred back to Galapagos. It plans to initiate a Phase 2 trial before the end of December.
- The reasons for the move are not disclosed.