designer491
- Galapagos (NASDAQ:GLPG) shares are up ~10% in Monday buying and selling after a big shareholder within the firm stated 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 signify a lovely funding alternative,” in accordance to an SEC submitting posted after the Aug. 23 closing bell.
- In addition, EcoR1 stated it needs to focus on the board composition with Galapagos.
- Shares are down ~30% yr to date.
Source: Seekingalpha