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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kyocera Corporation    6971   JP3249600002

KYOCERA CORPORATION

(6971)
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Regeneus Ltd (ASX:RGS) Receives Milestone Payment from Kyocera

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08/27/2020 | 09:04pm EDT

Sydney, Australia, Aug 28, 2020 - (ABN Newswire) - Regeneus Ltd (ASX:RGS), a clinical-stage regenerative medicine company, is pleased to announce that is has received a payment of 100M JPY (~A$1.3M) from Kyocera Corporation (Kyocera, TYO:6971) following the completion of execution of the agreement between the two companies for Kyocera to exclusively develop and commercialise Regeneus' lead stem cell platform technology Progenza for the treatment of Knee Osteoarthritis in Japan (refer to ASX announcement on 11 August).

Highlights:

- Regeneus receives payment of 100M JPY (~A$1.3M) from Kyocera Corporation

- Payment follows the completion of execution of the agreement between the two companies for Kyocera to exclusively develop and commercialise Regeneus' lead stem cell platform technology Progenza for the treatment of Knee Osteoarthritis in Japan

Pursuant with the terms of the agreement, Regeneus is expected to receive a further US$4M from Kyocera in October 2020. The Company will notify the market once this payment has been received.


About Regeneus Ltd:

Regeneus Ltd (ASX:RGS) is a Sydney-based clinical-stage regenerative medicine company using stem cell technologies to develop a portfolio of novel cell-based therapies to address significant unmet medical needs in the human health markets with a focus on osteoarthritis and other musculoskeletal disorders, neuropathic pain and dermatology.

Contact:

WE Communications
T: +61-2-9237-2805
E: WE-AURegeneus@we-worldwide.com

Copyright (C) 2020 ABN Newswire. All rights reserved., source Press Releases English


Stocks mentioned in the article
ChangeLast1st jan.
KYOCERA CORPORATION 0.30% 6091 End-of-day quote.-18.57%
REGENEUS LTD -1.72% 0.1425 End-of-day quote.63.79%
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Financials
Sales 2021 1 476 B 14 092 M 14 092 M
Net income 2021 91 138 M 870 M 870 M
Net cash 2021 398 B 3 801 M 3 801 M
P/E ratio 2021 24,5x
Yield 2021 2,09%
Capitalization 2 208 B 21 069 M 21 078 M
EV / Sales 2021 1,23x
EV / Sales 2022 1,14x
Nbr of Employees 75 505
Free-Float 86,4%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 6 793,75 JPY
Last Close Price 6 091,00 JPY
Spread / Highest target 39,6%
Spread / Average Target 11,5%
Spread / Lowest Target -6,42%
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Managers
NameTitle
Hideo Tanimoto President & Representative Director
Goro Yamaguchi Chairman
Masahiro Inagaki Senior Executive Officer, General Manager-R&D
Shoichi Aoki Director & General Manager-Business Administration
Robert E. Whisler Director
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