OSAKA, Japan, November 2, 2022 - Shionogi & Co., Ltd. (Head Office: Osaka, Japan; Chief Executive Officer: Isao Teshirogi, Ph.D.; hereafter "Shionogi") announced that Shionogi has concluded a capital alliance (“this capital alliance”) with LIFESCAPES Inc. (Head Office: Tokyo, Japan; Chief Executive Officer: Junichi Ushiba, hereafter "LIFESCAPES").
LIFESCAPES has developed Brain-Machine Interface (BMI) technology, which forms the basis of their medical devices designed to assist in motor function recovery in severe stroke patients. Patients who have had a stroke often suffer from severe motor impairment and may require nursing care for an extended period. There is currently no effective treatment for severe movement disorders. Using BMI, LIFESCAPES has been aiming to enable patients to recover independent movement capability.
In this capital alliance, Shionogi will invest about 100 million yen in LIFESCAPES, to support their technology and product development to improve rehabilitation of severely paralyzed stroke patients, and to increase intercompany dialogue, sharing disease area knowledge and networks to the benefit of both companies.
Shionogi stated in its STS2030 business plan its Group Vision to create new healthcare platforms to meet the needs of patients and society, thereby by transforming ourselves into “a HaaS company” that provides comprehensive healthcare solutions addressing important unmet medical needs. As we continually refine our own capabilities, we will continue to work to address the healthcare needs of patients and society through an expanded network of collaborations with external partners.
LIFESCAPES established in May 2018 is a startup company arising from Keio University. With a mission to contribute to recovery of patients with severe paralysis, previously thought to be "a lifelong condition," LIFESCAPES develops technology that draws upon neural plasticity, creating innovative medical devices using brain-machine interface technology.
BMI refers to the technology connecting the brain and machines, linking brain wave detection, electrical stimulation of the brain, and robotic-assisted movement
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