Komori
Business alliance4263SUSMED,Inc.Information and Communications, Services and Others

Notice of Milestone Achievement under the Joint Research and Development and Sales Agreement with KYORIN Pharmaceutical Co.,Ltd.

The tinnitus treatment app being jointly developed with KYORIN Pharmaceutical Co.,Ltd. has begun being used in a confirmatory study, achieving a development milestone. The Company expects to receive ¥240 million as a milestone payment and expects to record it as business revenue in the fourth quarter of the fiscal year ending June 2026.

Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2.4
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Business alliance
4263SUSMED,Inc.
Alliance partnerKYORIN Pharmaceutical Co.,Ltd.
Details of the alliance
  1. 1

    Joint research and development and sales of therapeutic apps in the otolaryngology field

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
LocationChiyoda-ku, Tokyo
Impact on Business Performance

The amount is expected to be recorded as business revenue in the fourth quarter of the fiscal year ending June 2026.

Contract Date9 November 2022
Agreements reached under this partnership
ItemDetails
Name of alliance partnerKYORIN Pharmaceutical Co.,Ltd.
Alliance partner's locationChiyoda-ku, Tokyo
Type of allianceBusiness alliance
Details of the allianceJoint research and development and sales of therapeutic apps in the otolaryngology field
Contract Date9 November 2022
Impact on Business PerformanceThe amount is expected to be recorded as business revenue in the fourth quarter of the fiscal year ending June 2026.
Items this document does not state (17)
Alliance partner's business activitiesAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Use of the tinnitus treatment app developed by the two companies began in a confirmatory study.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Milestone Achievement under the Joint Research and Development and Sales Agreement with KYORIN Pharmaceutical Co.,Ltd. | SUSMED,Inc. (4263) timely disclosure | Komori