Article: Matsushita Electric and Tensor Biosciences Sign Agreement to Commercialize Advanced Drug Discovery Technology.

Business Editors

OSAKA, Japan--(BUSINESS WIRE)--May 7, 2002

Matsushita Electric Industrial Co., Ltd., (NYSE: MC) best known for its Panasonic brand and Tensor Biosciences, today announced that they have signed a five-year agreement to develop and commercialize Brain-on-a-Chip(TM) drug discovery technology.

Matsushita Electric is a pioneer in the development of advanced instruments that enable the real-time study of activity patterns in living brain tissue. Its leading product in this area is the MED64 System, which uses a patented computer chip-like probe to stimulate and record the electrical activity of brain tissue samples at a multitude of ...

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