Galapagos falls as DB cuts on 'too much uncertainty'

Lakefront Biotherapeutics NV

06/08/2025 08:36

** Shares in Galapagos GLPG.AS fall around 5% after Deutsche Bank cut the Belgium-based drugmaker to "sell" from "hold", citing "too much uncertainty" after Q2

** The broker also cuts its PT by nearly 14% to 19 euros

** The downgrade was driven by the removal of cash guidance, uncertainty around structure and cash utilisation, it says

** DB also notes risks around future business development and current cell therapy programmes

** Shares are on track for their worst day in two weeks, if losses hold

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))