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Business
Galapagos buys DPI operations
June 19, 2006
| A version of this story appeared in
Volume 84, Issue 25
Belgium's Galapagos will pay $6.4 million to acquire the drug discovery operations of Discovery Partners International, including DPI research sites in San Diego and South San Francisco; Heidelberg, Germany; and Basel, Switzerland. The $10.2 million-per-year business will be integrated into Galapagos' BioFocus division, which will be renamed BioFocus DPI. Galapagos says the deal gives it a foothold in the U.S. plus capacity for its new alliance with GlaxoSmithKline. DPI put the business up for sale in April as part of its merger with Infinity Pharmaceuticals.
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