Galapagos up 10% as major shareholder intends to talk about strategy

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Galapagos (NASDAQ:GLPG) shares are up ~10% in Monday buying and selling after a big shareholder within the firm mentioned it believes the corporate is undervalued and needs to talk to administration and the board about efficiency and strategic alternatives.
EcoR1 Capital has a 9.9% stake within the Belgian firm.
The agency believes “that the securities of the Issuer are deeply undervalued and symbolize a pretty funding alternative,” in accordance to an SEC submitting posted after the Aug. 23 closing bell.
In addition, EcoR1 mentioned it desires to talk about the board composition with Galapagos.
Shares are down ~30% 12 months to date.

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Source: Seekingalpha