Galapagos sells off Fidelta as CRO activities 'no longer fit with its strategy'

Galapagos sells off Fidelta as CRO activities 'no longer fit with its strategy'

Source: 
Fierce Biotech
snippet: 

Galapagos is selling off its contract research organization Fidelta for $37 million to Polish life science company Selvita.

The Krakow, Poland-based company is snapping up Fidelta as it looks to bolster its position as one of the largest preclinical CROs in Europe.

Fidelta, with its R&D facilities based in Zagreb, Croatia, focuses on inflammation, fibrosis and anti-infectives, with 181 employees at the helm.