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.


About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 
Source: Mitsubishi Corporation
Sectors: Daily News, Venture Capital

Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Notice of Signing Basic Agreements for Airport Operation of the Seven Airports in Hokkaido
August 09 2019 16:05 JST
 
Mitsubishi Corporation: Asahi Tanker, Exeno Yamamizu, MOL and MC Agree on Strategic Partnership To Develop Zero-emission Fully Electric Vessels
August 06 2019 13:48 JST
 
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony for Hankyu Ferry, the First of its Series, in Shimonoseki
August 02 2019 13:12 JST
 
MC and Sarutahiko Coffee Agree to Business Alliance and Acquisition of Third-Party Shares
July 26 2019 11:03 JST
 
Mitsubishi Motors and Mitsubishi Corporation Invest in GOJEK, Indonesia's Leading Mobility Service Company
July 08 2019 11:36 JST
 
Mitsubishi Corporation Participates in New Ulaanbaatar International Airport Operation Project in Mongolia
July 05 2019 13:00 JST
 
Mitsubishi Corporation and Komeda Agree to Business Alliance and Acquisition of Third Party Shares
June 12 2019 14:01 JST
 
Mitsubishi Corporation to Acquire Additional Shares in TVS Automobile Solutions in India
June 03 2019 18:05 JST
 
Mitsubishi Corporation: Production Underway at Cameron LNG
May 14 2019 19:01 JST
 
Mitsubishi Corporation Completes Sale of Interest in Gregory Crinum Coking Coal Mine in Australia
March 27 2019 16:55 JST
 
More Press release >>

Latest Press Release


More Latest Release >>