WOLVES HAND has acquired the medical device division of Asuka Medical in a strategic move to enhance its veterinary healthcare offerings and capitalize on innovative technologies.
Target Information
WOLVES HAND (Ticker: 194A) is a company that operates a nationwide network of animal hospitals in Japan. Recently, it has acquired the development, manufacturing, and sales division of medical devices from Asuka Medical, located in Kyoto. This acquisition is expected to synergize with WOLVES HAND's existing expertise in veterinary medicine, enhancing its capabilities in case studies, research, and development.
WOLVES HAND holds a 39.7% stake in Asuka Medical, and the two companies have established a collaborative relationship that includes utilizing Asuka Medical's laser scalpel in ongoing clinical trials for photodynamic therapy.
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Industry Overview in Japan
The veterinary medicine industry in Japan has been growing steadily, driven by increasing pet ownership and heightened awareness of pet health. The demand for advanced medical technologies and devices i
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