Galapagos Appoints Dr. Paulo Fontoura as Independent Non-Executive Director
Galapagos NV has announced the appointment of Dr. Paulo Fontoura as an independent non-executive director to its board, effective from February 9, 2026. He replaces Dr. Susanne Schaffert, who left the board on November 1, 2025.
Dr. Paulo Fontoura was appointed by co-option as an independent non-executive director to the board of Galapagos NV, effective February 9, 2026. Dr. Fontoura brings 20 years of experience in the pharmaceutical industry, with deep expertise in neurology, immunology, ophthalmology, and rare diseases. He currently holds the position of Chief Medical Officer at Xaira. Previously, he served as SVP and Global Head at Roche, where he led clinical development in the fields of neuroscience, immunology, ophthalmology, and rare diseases.
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Dr. Paulo Fontoura replaces Dr. Susanne Schaffert, who effectively left the board on November 1, 2025, as previously announced in the press release dated October 30, 2025.
SectorPharmacie et biotechnologies›Biotechnologies
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 18,6 millions d'euros
Quarterly revenue: 18,6 millions d'euros
Revenue growth: -86,7 %
Net income: 16,6 millions d'euros
Guidance from the release
Maintain year-end 2026 cash guidance of ~€2B, forecast at least €1.6B remaining after portfolio funding
Risks mentioned
Wind-down of cell therapy activities remains ongoing with completion expected by Q3 2026, representing significant portfolio contraction and operational disruption
Collaboration revenues declined 96% year-over-year to €4.5M (from €121.8M in H1 2025) due to full deferred revenue recognition from Gilead platform agreement in 2025
Heavy dependence on gamgertamig development success and regulatory approval timeline; clinical development delays or unfavorable data could materially impact capital allocation and company viability
Opportunities identified
Acquisition of Ouro Medicines completed in June 2026, combining Lakefront and Gilead teams to accelerate gamgertamig development with expected additional proof-of-concept basket studies in autoimmune indications during 2027
Gamgertamig has received Fast Track and Orphan Drug Designation from FDA for AIHA and ITP, with registrational studies expected to commence in 2027
Lakefront maintains strong capital position with €2.24B in cash and investments as of June 30, 2026, providing substantial dry powder (€1.6B minimum) for strategic transactions after portfolio funding to first approval
Outlook / guidance
Expected revenue: 2 013 millions d'euros
Management commentary: Maintain year-end 2026 cash and financial investments balance guidance of ~€2B, and now includes €50M share repurchase. Lakefront forecasts having at least €1.6 billion of its cash remaining for additional strategic transactions and other capital allocation priorities.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
