October 15, 2014
Asahi Kasei Corp.
Asahi Kasei Corporation announced that a subsidiary of ZOLL Medical Corporation (ZOLL), a wholly owned US subsidiary of Asahi Kasei with operations in the field of critical care devices and systems, received a warning letter from the U.S. Food and Drug Administration (FDA) regarding LifeVest™ wearable defibrillator, dated September 23, 2014. Asahi Kasei considers that the fact and related media reports impacted on the Company’s share price and resulted in a decline in the Company’s share price on October 15, 2014.
ZOLL has already taken appropriate responses to the warning letter. Asahi Kasei, therefore, considers that this will not have a significant influence on ZOLL’s LifeVest™ business.
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