Loans for Acquisition of U.K.-based OrganOx Limited by Terumo Corporation
Japan, Oct. 1 -- The Japan Bank for International Cooperation (JBIC) signed a loan agreement amounting to JPY49 billion (JBIC's portion) with Terumo Corporation (Terumo). The loan is co-financed with private financial institutions, bringing the total co-financing amount to JPY99 billion. The loan is intended to finance part of the funds necessary for Terumo to acquire OrganOx Limited (OrganOx), a U.K.-based company. In the field of organ transplantation, the world faces a shortage of transplant organs relative to the number of patients awaiting transplantation, posing a social issue. Terumo's recently acquired OrganOx is a company spun out of the University of Oxford in the U.K. The company designs and develops devices used to preserve dono...
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