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If Galapagos Arthritis Drug Is Approved, Stock Looks Cheap

- GLPG stock hit hard by COVID-19 Panic, though its outlook not directly affected

- Bulls expect rheumatoid arthritis treatment to be approved by FDA in 2H20

- Peak sales could be $4 billion-$6 billion; If achieved we believe stock could double

As I’ve noted in previous reports, the healthcare sector can be a calm port in the coronavirus storm. I look for stock ideas that offer short term ballast for a portfolio in tough times but which also have potential for long term outperformance.

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