Navigation Links
Panasonic Makes Investment in Houston-based CardioNexus Corp.
Date:10/25/2010

SECAUCUS, N.J., Oct. 25 /PRNewswire/ -- Panasonic Corporation of North America has completed an investment in CardioNexus Corporation, a portfolio company of Houston's Fairway Medical Technologies which works closely with the Texas Medical Center. The move is part of Panasonic's plans to establish itself as a global leader in Personalized Preventive Medicine. The investment follows on an earlier Panasonic initiative to establish a presence in the world's largest medical complex, the Texas Medical Center based in Houston.  

"We are excited about this unique opportunity and view it as the beginning of a productive and mutually beneficial relationship," said Joseph M. Taylor, Chairman and Chief Executive Officer of Panasonic Corporation of North America.

"We welcome Panasonic's commitment to Healthcare, and hope to make the Texas Medical Center the global hub for Personalized Preventive Medicine," says Morteza Naghavi, M.D., president and chief executive officer of Fairway Medical Technologies. Dr. Naghavi also is a former member of the cardiology faculty at the University of Texas Health Science Center and Co-Director of the Vulnerable Plaque Research Department at the Texas Heart Institute.  Fairway is a portfolio company of BCM Technologies (the commercialization arm of Baylor College of Medicine).

Panasonic has recently made important moves to expand its interests in the field of healthcare. In May, the president of Panasonic Corporation, Fumio Ohtsubo, stated the company's intention to reinforce the healthcare business in the group by announcing plans to change its subsidiary's name from Panasonic Shikoku Electronics Co., Ltd to Panasonic Healthcare Co., Ltd on October 1st of this year. In August, a Panasonic Healthcare Day hosted by Fairway Medical Technologies and BioHouston in the Texas Medical Center provided an opportunity for Panasonic executives, including Mr. Taylor, to address the Texas Medical Center and engage in a dialogue with leading Healthcare professionals and researchers. At that time, Mr. Taylor said, "We are looking forward to collaborating with the Texas Medical Center, learning about your needs, and providing you with our latest technologies."

"The Texas Medical Center is absolutely unique. Nowhere in the world can you find such a collection of more than 16,000 MDs, PhDs, and other medical professionals with advanced degrees all in one place. We are pleased Panasonic has realized the potential of working with TMC institutions," said Jacqueline Northcut, President and CEO of BioHouston, a non-profit organization founded by Houston-Region academic/research institutions to establish Houston as a Global Competitor in life science.

Panasonic and Fairway have formed CardioNexus Corp., as their first joint initiative to enter the application-specific device market, an area in which they will be able to leverage Panasonic's core medical imaging technologies. The move is a step toward establishing a leadership position in the field of Personalized Preventive Medicine through early disease detection and home healthcare.

"Having Panasonic launch its healthcare initiative from Houston and the Texas Medical Center is a tremendous win for our city and will offer manifold benefits for the Texas Medical Center," said Jeff Moseley, president and CEO of The Greater Houston Partnership who spoke at the Panasonic Healthcare Day luncheon.  

About Panasonic

Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations.  Additional Panasonic information for journalists is available at www.panasonic.com/pressroom.  

About Panasonic Healthcare Co., Ltd.

Panasonic Healthcare Co, Ltd., headquartered in Matsuyama, Japan, is a subsidiary of Panasonic Corporation (NYSE: PC) that specializes in the development and manufacture of healthcare products, including blood glucose monitoring systems, ultrasound diagnostic systems and hearing instruments. Founded in 1948, the company has been developing cutting-edge technologies in in-vitro diagnostic systems, medical imaging, hearing solutions, medical instruments and hospital systems to provide value-added solutions to healthcare professionals and patients. The previous corporate name was Panasonic Shikoku Electronics Co Ltd., which was changed to the current name on October 1, 2010. For more information, visit http://panasonic.net/corporate/segments/phc/.

About Fairway Medical Technologies:

Founded in 1992, Fairway Medical Technologies is an FDA-registered medical device, design, development and manufacturing company which commercializes early-stage medical devices and technologies, including three which have secured FDA approval.  As of 2009, Fairway's eight portfolio companies have received over $15 million in grants from the National Institute of Health and the State of Texas' Emerging Technology Fund.  These companies offer technologies in the areas of cardiovascular screening, neurology and cancer screening and diagnosis.  Fairway Medical Technologies also operates an FDA-compliant manufacturing facility where it designs and produces prototypes of medical devices and technologies. For more information, visit www.fairwaymed.com.  

About CardioNexus Corporation

Founded on January, 2009 in Houston Texas, CardioNexus focuses on early detection of cardiovascular disease using an innovative multi-modality approach. For more information, visit www.cardionexus.com.


'/>"/>
SOURCE Panasonic
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Panasonic Digital Hearing Instruments Now Available in the U.S. Hearing Care Market
2. Prodigy Diabetes Care, LLC Sponsors First Manufacturing Makes It Real Tour
3. Millstone Medical Outsourcing Makes Strategic Hires in Memphis
4. National Ultrasound Makes the Inc 5000 List for Third Year in a Row
5. PercipEnz Makes Inc. Magazines Fourth Annual List of Americas Fastest-Growing Private Companies—the Inc. 5000
6. Pulse Makes the 2010 Inc. 5000 List of the Fastest-Growing Private Companies in America
7. Frankfurt am Main Emergency Medical Services Makes Masimo Rad-57 Pulse CO-Oximeters Mandatory for All Vehicles
8. New Program Makes Prosthetics Available to All Haitian Children Who Lost Limbs in Earthquake
9. Hot Times in the City: As Summer Temperatures Soar, Pulse of Passion Survey Reveals What Makes Americans Sizzle in Relationships
10. PPA 2.0 Makes Getting Prescription Assistance Easier
11. MedeFile Makes Strides with the Senior Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... Mass. , Feb. 9, 2016   AllCare ... The Joint Commission,s Gold Seal of Approval ® ... compliance with its performance standards. The Gold Seal of ... reflects an organization,s commitment to providing safe and effective ... AllCare Plus Pharmacy underwent a rigorous on-site survey ...
(Date:2/9/2016)... 2016 The leader in accelerated orthodontics, OrthoAccel ... is the recipient of the 2015 Townie Choice Award ... II medical device that speeds up orthodontic tooth movement ... often associated with treatment, AcceleDent was selected by orthodontists ... Orthotown survey of the most reliable and ...
(Date:2/9/2016)... Feb. 9, 2016  Johnson & Johnson (NYSE: ... Global Healthcare Conference on Tuesday, Feb. 23, at the ... Caruso , Vice President, Finance & Chief Financial Officer ... represent the Company in a session scheduled at 10:00 ... --> www.investor.jnj.com . --> This webcast ...
Breaking Medicine Technology:
(Date:2/9/2016)... ... February 09, 2016 , ... Center for Autism ... diagnosed with autism spectrum disorder (ASD). Beginning Jan. 1, 2016, Medicaid is covering ... analysis (ABA) is key to providing effective treatment for individuals with ASD. Now, ...
(Date:2/9/2016)... ... February 09, 2016 , ... A ... fee schedule rates and Medicare rates for a variety of medical services in ... Evaluation of the 2015 Fee Schedule Rates in Illinois, are professional ...
(Date:2/9/2016)... ... 2016 , ... Establishment Labs, a global breast implant and medical technology company, ... of Directors. , “We are honored to welcome David to our Board ... Jose Chacon Quiros, CEO of Establishment Labs. "David’s knowledge and experience will be invaluable ...
(Date:2/9/2016)... ... 2016 , ... Dr. Rassouli, cosmetic dentist in Orange County , is ... popular cosmetic procedures in dentistry today, but the cost often leads to patients looking ... of teeth whitening-related damage. For a limited time, Dr. Rassouli is offering this special ...
(Date:2/9/2016)... ... February 09, 2016 , ... Two renowned photographers, Robert Caplin ... photographic adventure on the island, June 14-19, 2016, hosted by Four Seasons Resort Maui ... , After a successful debut in 2015, the Maui Photo Expedition workshop ...
Breaking Medicine News(10 mins):