Sony, M3 and Illumina to Form Genome Information Platform Company in 2014

26th January 2014
Sony Corporation have announced that in collaboration with M3 Inc and Illumina Inc, they will be forming a new "genome information platform" company in Japan before the end of February 2014.

Genome Research
Genome research is used to analyse human genetic data to help identify the origins of new diseases and then help to find effective treatments and cures.

Analysis Service
The new collaboration which will have Illumina as the minority investor will be providing genome analysis services for research institutions and enterprises in Japan. The aim of the company is to further advance Japanese personalized medicine where medication or treatments are optimized for the individual patient.

New Name
The expected company name for this joint venture is P5 Inc whose headquarters will be based in Tokyo, Japan at Akasaka Intercity 1-11-44 Akasaka. Hiromasa Otsuka (Sony Corporation) will be appointed as the Representative Director and the company will have a combined capital of 118.75 million Yen at their disposal.

Commenting on the new venture Tadashi Saito, Corporate Executive Officer, Executive Vice President, Officer in charge of Medical Business, Sony Corporation said "I'm very excited by the potential of this collaboration to deliver new services and breakthroughs that bring us ever closer to the realization of the personalized medicine and healthcare era. At Sony, we are positioning the medical business as one of our key growth pillars. Together with M3, a Sony Group affiliated company and leader in medical information services, and Illumina, who lead the world in next-generation genome-sequencers, we aim to facilitate genome research that further advances Japanese medical care, and in the future establish a new service platform for the medical industry."

Sony Corporation is a Japanese multinational company whose headquarters are in Tokyo Japan. They are most well known for their entertainment devices such as Televisions, Home Cinema Systems and the PlayStation range of games consoles. They also produce small electronics including Mobile and Smartphones.

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