Bone Therapeutics invests in state-of-the-art cell therapy manufacturing facility and SCTS

25 February 2013

Belgium-based biopharmaceutical company Bone Therapeutics, focused on innovative cell therapy products for the treatment of bone diseases, says it has secured its future manufacturing requirements, allowing it to produce its unique bone cell therapy products on a commercial scale.

Bone Therapeutics has made an investment in Skeletal Cell Therapy Support SA (SCTS), alongside the Walloon region and private investors, to fund the 10 million-euro ($13.2 million) construction of a new manufacturing facility based in the Gosselies Scientific Park near Brussels, Belgium. The financing of the building cost is fully secured in equal parts in equity, loans from ING and BNP Paribas Fortis and subsidies from the Walloon Region. Bone Therapeutics is now a 49.9% shareholder in SCTS. Skeletal Cell Therapy Support S.A will manage the construction and will run the site once operational.

Will allow production of lead product Preob

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