Galapagos acquires Argenta service business

Galapagos N.V. (Euronext:GLPG; Pink:GLPYY) acquired the contract research business of Argenta Discovery Ltd. (Harlow, U.K.) for EUR 16.5 million ($22.9 million) in cash. Galapagos said the acquisition will expand its existing drug discovery services. Argenta reported 2009 revenue of EUR 14 million ($19.4 million). Galapagos was up EUR 0.39 to EUR 10.93 on Tuesday. ...