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GST (Flanders) acquired by Boehringer Ingelheim (DE)

After two years of successful cooperation, Boehringer Ingelheim has acquired GST, Flanders-based stem cell specialist focusing on horses and pets. As part of the independent laboratory group Anacura, GST will continue its innovative research and production at its existing labs in Ghent. GST’s expertise will play a crucial role in the development and implementation of stem cell technology worldwide. 

Backed by knowledge and experience

'Global Stem Cell Technology' (GST) develops stem cell therapies for the treatment of orthopedic and metabolic diseases in animals. Within Europe, the company was the first to obtain authorization to market veterinary medicines based on stem cells worldwide. Along with an investment by Participatie Maatschappij Vlaanderen (PMV), GST was incorporated into the Anacura group of Griet Nuytinck in 2014. “This was more than a financial investment in a startup,” explains Nuytinck. “We offered GST support from an experienced biotech business environment, at a time when stem cell therapy was still an unexplored and unclear area.” 

Innovation to the core

Thanks to its deep commitment to developing effective and standardized products and with the logistical support of Boehringer Ingelheim, GST became a forerunner in its field. “The recent takeover opens up possibilities for developing and selling new stem cell products all over the world,” ascertains Nuytinck. According to Jean-Luc Michel, head of Global Strategic Marketing at Boehringer Ingelheim, GST’s expertise and state-of-the-art products will enable the firm to offer even more innovative solutions to customers. 

Dream scenario for stem cell platform in Flanders

Nuytinck is thrilled with the news of the acquisition. She is convinced that GST CEO Jan Spaas and his team will be given every opportunity to develop their stem cell platform within their new professional environment. “Furthermore, we will continue to embed innovative stem cell research in our laboratories in Flanders.” Roderick Verhelst, senior investment manager at PMV and director of GST adds: It’s a strong recognition of Flanders' position as a global biotech leader.” 

More info

Boehringer Ingelheim
Reported by
www.boehringer-ingelheim.com
7 August 2020

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