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Why Galapagos Trounced the Market Today

TheMotleyFool

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Why Galapagos Trounced the Market TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

A changing of the guard is coming at biotech Galapagos (NASDAQ: GLPG), with the announcement of a new CEO. Investors were quite happy to hear this, and consequently the stock ended the day more than 22% higher.

Belgium-based Galapagos announced Wednesday afternoon that it has tapped Paul Stoffels to be its next leader. The appointment is effective April 1.

Image source: Getty Images.

Source Fool.com

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