Aaron Cox, Chief Financial Officer, said the modification marks a “meaningful step forward” in strategic and financial flexibility by enabling Galapagos to pursue transactions independently of Gilead and broadening “the universe of potential strategic targets.” Cox added that Galapagos expects to retain “a majority of our cash” after accounting for the Ouro transaction and development costs, and that the company continues to expect investment income from its cash as well as an “expected annual income stream ...