Today, ReproCELL announces the formation of a technology development agreement and entrustment contract with FANCL Corp. (headquarters: Naka-ku, Yokohama; CEO: Kazuyoshi Miyajima; henceforth, FANCL) for the development of a 3D model system derived from human iPS cells.
1. Details of entrustment contract
As per this contract, FANCL will develop a multi-component cell culture model system derived from human iPS cells in collaboration with ReproCELL and employ the technology to focus on anti-aging drug development. FANCL researches, develops, manufactures, and sells cosmetics and nutritional supplements; in the future, FANCL will use the cell technology to advance its basic research and product development.
Human iPS cells hold great promise not only for regenerative medicine, but as a tool for product development applicable to a variety of fields. A key strategy of ReproCELL is to apply the accumulated corporate human iPS cell know-how to development innovative tools for use in a variety of medical and other business applications.
Date of contract formation and business start date: November 16, 2016
3. Partner overview
|(2)||Location||89-1 Yamashita-chou, Naka-ku, Yokohama|
|(3)||Name & position of representative||Representative Director and President/CEO Kazuyoshi Miyajima|
|(4)||Business activities||Research, development, manufacture, and sales of cosmetics, supplements, and health foods|
|(5)||Capital Stock||10,795,000,000 yen|
|(6)||Date founded||August 18, 1981|
|(7)||Major stockholders and percentage of stock held||KI Corp. (13.05%)
Kenji Ikemori (8.76%)