Kaneka Corporation has acquired all shares of Japan Medical Device Technology Co and has made it a wholly owned subsidiary.
Kaneka manufactures and sells endovascular catheters, which are devices used in the treatment of cardiac, peripheral vascular, and cerebrovascular diseases. The company is aiming to expand its business in this treatment of coronary artery diseases such as atherosclerosis, the company said in a statement.
In the statement, Kaneka notes that Japan Medical Device Technology Co has “high technological capabilities in the research and development of coronary stents and is one of the leaders in the development of bioresorbable stents”.
