0 seconds of 38 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:38
00:38
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • PainChek (PCK) is expanding into Japan after being accepted into the JETRO Business Connect program for 2022
  • JETRO is Japan’s main governmental organisation for promoting foreign business and allows companies who are wanting invest in Japan to connect with local communities
  • PainChek says with 29.1 per cent of Japan’s population 65 or older,the highest proportion globally, there’s an “excellent” opportunity for the company within the Japanese market
  • Company shares are up 3.23 per cent to 3.2 cents at 1:01 pm AEST

PainChek (PCK) is expanding its activities to Japan after being accepted into the JETRO Business Connect program for 2022.

JETRO is Japan’s core governmental organisation for promoting inward foreign business. It provides support for foreign and foreign-affiliated companies planning to invest in Japan to connect them with local communities and towns throughout the country.

As part of its program, PainChek will receive support services such as a broad range of Japan market data, online business matching events connecting it with local partners, as well as guidance in relation to gaining regulatory clearances in Japan.

The company said it was accepted into the JETRO program after face-to-face meetings in London and achieving the set criteria under JETRO’s screening process.

The pain assessment technology company said with 29.1 per cent of Japan’s population being 65 years and over, there was an “excellent opportunity” for PainChek within the Japanese market.

“Both parties are excited by the potential for collaboration with organisations in Japan and the positive outcomes it could lead to,” PainChek CEO Philip Daffas said.

“This new initiative, combined with our recent contact with FDA, means PainChek can now plan effectively for market entry into the US and Japan — two of the world’s largest medical device and aged care markets.”

PainChek will now virtually meet with other companies, research groups and government officials across Japan to assist in business development opportunities in the country.

Company shares were up 3.23 per cent to 3.2 cents at 1:01 pm AEST.

PCK by the numbers
More From The Market Online
Gold nuggets and chips

Meeka finds high-grade zones of gold at Murchison as open-pit plan gets going

Meeka Metals Ltd has picked up a number of thick and high-grade gold intercepts at the…
Homes Australia

Domain gives CoStar month-long diligence period as market bets on deal ‘OK’

Domain Holdings (ASX:DHG) has given CoStar – the company offering to buy it at a 40%…
Children's hospital concept

Mesoblast kicks off treatment for first 3 kids with graft-host disease. So why are shares down?

otCopper favourite Mesoblast (ASX:MSB) has announced it's begun treating the first 3 children with skin graft-versus-host…
Gold nuggets in a pile

Kula continues to explore ‘new gold system’ at Mustang with 4.3g/t intercept

Kula Gold Ltd has found an intercept of gold grading 4.3g/t through mapping, soil sampling and…