Galapagos NV (GLPG) Surges on License Deal; KaloBios Pharma (KBIO) Crashes On Shkreli’s Arrest

Galapagos_NV_GLPG

Galapagos NV (Nasdaq:GLPG) stock surged on Thursday’s trading session after the company said that it will receive a $725 million upfront payment from the pharmaceutical giant Gilead Sciences, Inc. (Nasdaq:GILD) as part of a collaboration deal between the companies for the inflammatory disease treatment filgotinib. Galapagos is also eligible for up to $1.35 billion in milestones payments

GLPG stock is currently exchanging hands for about $61.28, up $2.38 (or +4.04%), and 271,663 of its shares were traded so far, a large increase in activity versus its average volume (3m) of 128,202

Galapagos NV, a clinical-stage biotechnology company, has 39.01M Shares Outstanding and GLPG stock 52-week range is from $38.04 to $65.70 per share

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KaloBios_Pharma_KBIO

Shares of KaloBios Pharmaceuticals, Inc. (Nasdaq:KBIO) tumbled more than 50% in pre-market trading Thursday following media reports indicating that the company’s CEO Martin Shkreli was arrested by the FBI on securities fraud charges. Trading in KaloBios’ stock is currently halted

KaloBios Pharmaceuticals, a biopharmaceutical company, has 4.12M Shares Outstanding and KBIO stock one-year range is between $0.44 and $45.82 per share

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