SECAUCUS, N.J., Oct. 25 /PRNewswire/ — Panasonic Corporation of
North America has completed an investment in CardioNexus
Corporation, a portfolio company of Houston’s Fairway Medical
Technologies which works closely with the Texas Medical Center. The
move is part of Panasonic’s plans to establish itself as a global
leader in Personalized Preventive Medicine. The investment follows
on an earlier Panasonic initiative to establish a presence in the
world’s largest medical complex, the Texas Medical Center based in
“We are excited about this unique opportunity and view it as the
beginning of a productive and mutually beneficial relationship,”
said Joseph M. Taylor, Chairman and Chief Executive Officer of
Panasonic Corporation of North America.
“We welcome Panasonic’s commitment to Healthcare, and hope to
make the Texas Medical Center the global hub for Personalized
Preventive Medicine,” says Morteza Naghavi, M.D., president and
chief executive officer of Fairway Medical Technologies. Dr.
Naghavi also is a former member of the cardiology faculty at the
University of Texas Health Science Center and Co-Director of the
Vulnerable Plaque Research Department at the Texas Heart Institute.
Fairway is a portfolio company of BCM Technologies (the
commercialization arm of Baylor College of Medicine).
Panasonic has recently made important moves to expand its
interests in the field of healthcare. In May, the president of
Panasonic Corporation, Fumio Ohtsubo, stated the company’s
intention to reinforce the healthcare business in the group by
announcing plans to change its subsidiary’s name from Panasonic
Shikoku Electronics Co., Ltd to Panasonic Healthcare Co., Ltd on
October 1st of this year. In August, a Panasonic Healthcare Day
hosted by Fairway Medical Technologies and BioHouston in the Texas
Medical Center provided an opportunity for Panasonic executives,
including Mr. Taylor, to address the Texas Medical Center and
engage in a dial