Investing in Japan
Latest Updates Spanish genetic testing and diagnostics company Igenomix establishes Japanese corporation in Tokyo
Oct 18, 2017
Igenomix is a Spanish company that performs genetic testing and diagnoses. Its main services are Endometrial Receptivity Analysis (ERA), Products of Conception (POC), as well as Preimplantation Genetic Diagnoses (PGD) and Preimplantation Genetic Screening (PGS) for overseas market. In Japan, there already have been several testing service providers existing and provides gene inspection services. Currently Preimplantation Genetic Diagnoses (PGD) has been implemented for the specific clinical cases approved from the ethical committee of the Japan Society for Obstetrics and Gynecology, which also announced the launch of PGS for clinical research in February 2017. As these genetic tests are new to the field in Japan, they have attracted attention in line with the increase in the number of couples struggling with infertility.
Professor Carlos Simón at the University of Valencia, the Chief Scientific Officer at Igenomix, has been conducting joint research with Keio University and invited to be a key note speaker at the Japan Society of Assisted Reproduction (in vitro fertilization). In addition to Japan, Igenomix testing facilities in other countries include the United States, Canada, Mexico, Brazil, India, UK, Argentina and the UAE.
The company established Igenomix Japan K.K. in Tokyo in March 2017 in order to provide tests in response to requests from IVF centers and clinics in Japan, due to the high demand for fertility treatments in Japan in comparison with other countries in the world. Igenomix Japan’s service also cover other countries in the Asia Pacific region.
For the establishment of its Japanese base, JETRO's Invest Japan Business Support Center (IBSC) provided temporary office space, expert consultation (on registration, visa, taxation and labor matters), information on regulations pertaining to establishment of clinical laboratories and import of samples and referral to service providers (an administrative scrivener, tax accountant, certified social insurance labor consultant, real estate company and recruitment agency).