Kaneka Acquires Japan Medical Device Technology

December 8, 2023—Kaneka Corporation announced it has acquired all shares of Japan Medical Device Technology Co., Ltd., (JMDT), a developer and manufacturer of medical devices, and made it a wholly owned subsidiary.

Kaneka manufactures and sells endovascular catheters used in the treatment of cardiac, peripheral vascular, and cerebrovascular diseases. JMDT has high technological capabilities in the research and development of coronary stents and is a leader in the development of bioresorbable stents, noted Kaneka in the press release.

According to the company, JMDT’s bioresorbable stent is made of a biodegradable magnesium alloy, which prevents vessel blockage potentially caused by the stent remaining in the vessel. In addition, 95% of the stent is resorbed and taken up by the body 1.5 years after implantation, ensuring that it does not interfere with the treatment of restenosis.