2017.10.23

JOMDD, Inc. Announces Capital Increase of USD$5.4M USD through third-party allocation

TOKYO, October 23, 2017, Japanese Organization for Medical Device Development, Inc. medical device incubator and innovator (Head Office: Chuo-ku Tokyo; President & CEO Takahiro Uchida; hereinafter, “JOMDD”) executed a capital increase of approximately US$5.4M through third-party allocation of shares to Kawasumi Laboratories, Inc. (Head Office: Minato-ku, Tokyo; Representative Director & President Yoshio Sakaya; hereinafter, “Kawasumi”) and Sumitomo Bakelite Co., Ltd. (Head Office: Shinagawa-ku, Tokyo; Representative Director & President Shigeru Hayashi; hereinafter, “Sumitomo Bakelite”). The funding will enable JOMDD to strengthen the global sales expansion of its in-house devices, and proceed with the commercialization of collaborative projects currently in development. JOMDD will accelerate the growth of its “Healthcare Innovation Platform” through the proactive implementation of innovations in medical technologies that are predicted to be in demand – Regenerative Medicine, Genomic Analysis, Medical IT, Robotics and AI.

Additionally, through a strategic alliance with Kawasumi, Japan’s pioneer of disposable medical devices, and Sumitomo Bakelite, an innovator in the plastics industry, JOMMD will drive the global growth of Japan-engineered medical devices; continuing to strive towards realizing its vision, “Delivering Japan’s Medical Innovations to the World.”

About JOMDD, Inc.
Japanese Organization for Medical Device Development, Inc., “JOMDD” is a medical device incubator and innovator. Founded in 2012, and based in Tokyo, Japan, JOMDD takes Japanese born medical technologies and commercializes them for global launch. Through its expertise in planning, R&D, regulatory affairs, marketing and sales, JOMDD is able to go from concept to sales rapidly. JOMDD partners with doctors, established manufacturers and start-ups to propel medical innovations. For further information on JOMDD, visit /company_en/.

About Kawasumi Laboratories Inc.
Kawasumi Laboratories Inc. is Japan’s first manufacturer of disposable plastic blood collection and transfusion sets. Founded in 1957, Kawasumi has pioneered Japan’s medical device industry through the development of disposable medical devices in hemodialysis, plasmapheresis, blood transfusion, IV therapy and endovascular repair. With manufacturing facilities in both Japan and Thailand, as well as distribution of its products worldwide, Kawasumi is one of Japan’s leading global manufacturers in medical devices. For information on Kawasumi,visit http://www.kawasumi.jp/e/profile/profile.html.

About Sumitomo Bakelite Co., Ltd.
The origins of Sumitomo Bakelite Co., Ltd. started with Dr. Leo H. Baekeland’s development of a synthetic resin called “Bakelite” in 1907. As a pioneer in Japan’s plastics industry, Sumitomo Bakelite manufactures products in transportation, electronics, construction, industrial manufacturing, medical equipment, agriculture, packaging and interior retail design. Sumitomo Bakelite is one of Japan’s global leaders in plastics manufacturing. For further information on Sumitomo Bakelite, visit https://www.sumibe.co.jp/english/.