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Sumitomo to Act As Advisor to ProMetic for Japanese Market
Date:4/30/2009

s Unit provides a gateway for entry into the Japanese marketplace through distribution, licensing and joint ventures. Additionally, SCOA provides financing and venture debt instruments to life sciences companies through its subsidiary Oxford Finance Corporation. Sumitomo's unique positioning and its integrated and complimentary suite of service offerings provides bio venture companies with a opportunity to advance their business models through efficient and rapid penetration into the Japanese and other international markets. SCOA Life Sciences Unit is based in SCOA's New York headquarters. For more information about SCOA, visit www.sumitomocorp.com

About Summit Pharmaceuticals International Corporation

SPI is a wholly owned subsidiary of SC and is an integrated service company specializing in the area of pharmaceutical research and development. SPI has a good track record in activities such as, exclusive agent of ATCC (the world's largest gene/cell bank for research) of the USA, support of discovery research through distribution/sales of compound libraries for HTS (High Throughput Screening - high-speed technology for early drug candidate compounds selection in discovery research), supply of starting materials, intermediates and active pharmaceutical raw materialsfor pharmaceuticals, and intermediation/consultation services in license/co-research arrangements of promising drugs/diagnostics/technologies originating from domestic and foreign bio-ventures, pharmaceutical companies, universities and institutes. With the Pharmaceutical Affairs Law revision in 2005, SPI initiated its own drug development activities. For more information about SPI, visit www.summitpharma.co.jp.

Forward Looking Statements

This press release contains forward-looking statements ab
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SOURCE Sumitomo Corporation of America
Copyright©2009 PR Newswire.
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