EcoR1 Capital Discloses Stake in Galapagos NV
Ticker: GLPGF · Form: SC 13D · Filed: Aug 23, 2024 · CIK: 1421876
| Field | Detail |
|---|---|
| Company | Galapagos NV (GLPGF) |
| Form Type | SC 13D |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 10 min |
| Key Dollar Amounts | $335,728,561 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, stake-acquisition, 13d-filing
Related Tickers: GLPG
TL;DR
**EcoR1 Capital just bought a big chunk of Galapagos NV. Watch this space.**
AI Summary
EcoR1 Capital, LLC, through its affiliated funds and managed by Oleg Nodelman, has acquired a significant stake in Galapagos NV. The filing on August 23, 2024, indicates a change in beneficial ownership, with EcoR1 Capital now holding a substantial position in the company's ordinary shares. The specific number of shares and the total dollar amount are not detailed in this initial filing, but the action suggests a strategic interest in Galapagos NV.
Why It Matters
This filing signals increased investor interest and potential activism in Galapagos NV, which could lead to strategic changes or influence management decisions.
Risk Assessment
Risk Level: medium — Significant stake acquisitions by activist investors can lead to volatility and uncertainty for the target company.
Key Players & Entities
- EcoR1 Capital, LLC (company) — Filing entity
- Oleg Nodelman (person) — Manager of EcoR1 Capital
- Galapagos NV (company) — Subject company
- ECOR1 CAPITAL FUND L.P. (company) — Affiliated fund
- ECOR1 CAPITAL FUND QUALIFIED, L.P. (company) — Affiliated fund
- Richard M. Brand (person) — Legal counsel
- Erica L. Hogan (person) — Legal counsel
- Cadwalader, Wickersham & Taft LLP (company) — Legal counsel
FAQ
Who is filing this Schedule 13D?
EcoR1 Capital, LLC, along with its affiliated funds ECOR1 CAPITAL FUND L.P. and ECOR1 CAPITAL FUND QUALIFIED, L.P., managed by Oleg Nodelman.
What company is the subject of this filing?
Galapagos NV.
When was this filing made?
The filing was made on August 23, 2024, with the date of the event requiring the filing being August 19, 2024.
What is the CUSIP number for Galapagos NV's ordinary shares?
The CUSIP number is 36315X101.
What is the business address of EcoR1 Capital, LLC?
The business address is 357 Tehama Street #3, San Francisco, CA 94103.
Filing Stats: 2,596 words · 10 min read · ~9 pages · Grade level 10.5 · Accepted 2024-08-23 16:01:26
Key Financial Figures
- $335,728,561 — unds for an aggregate purchase price of $335,728,561 including fees and expenses. The source
Filing Documents
- tm2422362d1_sc13d.htm (SC 13D) — 63KB
- tm2422362d1_ex99-1.htm (EX-99.1) — 6KB
- 0001104659-24-092414.txt ( ) — 71KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: August 23, 2024 EcoR1 CAPITAL, LLC By: /s/ Oleg Nodelman Name: Oleg Nodelman Title: Manager Date: August 23, 2024 OLEG NODELMAN By: /s/ Oleg Nodelman Oleg Nodelman Date: August 23, 2024 EcoR1 CAPITAL FUND QUALIFIED, L.P. By: EcoR1 Capital, LLC, General Partner By: /s/ Oleg Nodelman Name: Oleg Nodelman Title: Manager Date: August 23, 2024 EcoR1 CAPITAL FUND, L.P. By: EcoR1 Capital, LLC, General Partner By: /s/ Oleg Nodelman Name: Oleg Nodelman Title: Manager