Nov 26, 2018 14:33 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation Announces Capital Alliance with Rhelixa Co., Ltd.

TOKYO, Nov 26, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has entered into a capital alliance agreement with Rhelixa Co., Ltd. for 135 million yen via the acceptance of third-party allocation of shares.

Rhelixa is a biotechnology startup with strengths in analyzing epigenome information. As Japan's society ages, the number of patients with cancer, dementia and other chronic conditions associated with age are also on the rise. It is known that many of these conditions are caused by aberrant epigenetic regulations. Being fundamental mechanisms for every organism, however, these epigenetic regulations can be applied in analyzing these conditions and coming up with methods for treatment and prevention.

In addition, conducting epigenome analysis in animals and plants is expected to lead to the development of advanced cultivation and breeding technologies in agriculture, livestock and fishery that are more efficient and have less impact on the environment. In other words, epigenome analysis is expected to lead to the advancement of therapeutic and preventive technology and thereby contribute to the improving quality of life for many people.

Under the alliance, MC dispatches a director to Rhelixa and, by combining its broad business base, global networks and comprehensive capabilities with the proprietary technologies of Rhelixa, is aiming to build a new business model that will help improve Rhelixa's corporate value.

In addition, this alliance is being executed under the In-House Business Incubation Program introduced on a trial basis by MC's Living Essential Group in 2018. Its aim is to promote the development of businesses that contribute to the creation of consumer value and to human resource development. Through this and similar approaches, MC will continue to support the business initiatives of employees as it pursues the challenge of creating new value that will solve social issues.

Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 
Source: Mitsubishi Corporation
Sectors: Daily News, PE, VC & Alternatives

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
March 19 2024 15:40 JST
 
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
March 18 2024 16:29 JST
 
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
March 15 2024 11:36 JST
 
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
March 05 2024 15:57 JST
 
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
March 04 2024 14:27 JST
 
Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico
February 26 2024 13:29 JST
 
MC to Subscribe Shares in TVS Vehicle Mobility Solution in India
February 19 2024 16:42 JST
 
PoC Launched to Test Smart-charging Service Using EV Connected Technologies
February 15 2024 15:50 JST
 
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement
February 06 2024 16:27 JST
 
First Plant to be Operated under Hydroelectric Power Alliance Goes Online
February 01 2024 20:13 JST
 
More Press release >>

Latest Press Release


More Latest Release >>