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Galapagos to Spin Out Innovative Medicines, Lay Off 40% - BioSpace
https://www.biospace.com/business/galapagos-to-spin-out-innovative-medicines-lay-off-40
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By mid-2025, the biotech will split into two entities: a new, as-yet-unnamed innovative medicines specialist and a cell therapy company, the latter of which will inherit the Galapagos name.