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In our report back on April 28, we predicted that a follow-on stock offering and "uplisting" move by Galapagos NV (Nasdaq ADR: GLPG) would ignite the biotech's shares.
And that's just what happened.
The $184 million stock offering went through yesterday. Galapagos also "uplisted" from the over-the-counter market the more liquid Nasdaq stock market. At the same time, the company shifted its ticker from GLPYY to GLPG.
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