Soiken, Clinical Trust to Form Capital and Business Alliance.Tokyo, Japan, Apr 5, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Soiken has agreed with Clinical Trust, a Tokyo-based CRO (contract research organization) company, to form a capital and business alliance. In addition, Soiken will invest 1.7 million yen ($14.4 mil An Internet address domain name for a military agency. See Internet address. (networking) mil - The top-level domain for entities affiliated with US armed forces. ) in Clinical Trust through a private placement scheduled in late April. Accordingly, Soiken will own 34% of the voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of Clinical Trust. With this move, the two companies aim to expand their businesses, particularly focusing on generic products, self-medication products as well as postmarketing surveillance Postmarketing surveillance is the practice of monitoring a pharmeceutical drug or device after it has been released on the market. Since drugs are approved on the basis of clinical trials which involve relatively small numbers of people who have been "controlled" for--meaning they studies of specified health food products. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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