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Mitsubishi Chemical Corporation
Fujitsu Limited

Mitsubishi Chemical and Fujitsu to Cooperate
in Biotech Research

Aim to Combine Information Technology and Biotech Expertise
to Help Improve Quality of Life

Tokyo, March 5, 2001---Mitsubishi Chemical Corporation and Fujitsu Limited today announced that they have agreed to cooperate in research and development efforts combining two of the most important technological fields of the twenty-first century: biotechnology and information technology. Their aim is to strengthen their existing businesses and develop new business opportunities in this exciting new area.

Thanks to rapid developments in information technology, the world- renowned Human Genome Project (*1) is now five years ahead of schedule. As the project illustrates, the merging of biotechnology and information technology has already begun, and business in the biotechnology field is gathering speed and expanding.

As Japan's largest diversified chemicals company, Mitsubishi Chemical has a distinguished track record in the fields of biotechnology, life sciences, chemicals, and materials. Within the Mitsubishi Chemical Group, Mitsubishi Kasei Institute of Life Sciences has been an especially prominent leader in Japan in biotechnology research and development.

Fujitsu, for its part, is a global leader in providing information technology solutions, and has long been active in leading-edge technology research and development programs in such areas as high performance computing and bioinformatics (*2).

In effort to realize "personalized medicine,"(*3) biotech researchers around the world are focusing on how genes and proteins relate to disease, and how genetic and environmental factors interact to determine an individual's health profile and personal characteristics.

In this cooperative research project linking information technology with biotechnology, Mitsubishi Chemical and Fujitsu seek to exploit the exciting business opportunities in this field and to strengthen businesses in their respective core competencies by capitalizing on new technology they develop through their research.

The two companies have already assembled a joint team whose responsibility is to map out a detailed research agenda and develop a business plan for the new cooperative venture within the next several months.

With the goal of creating a new life sciences era characterized by genomic drug discoveries and personalized medicine, the cooperative research effort initially will focus on the following three specific areas:

  1. Taking as a strategic base the Mitsubishi Chemical Group's fundamental research and intellectual property (IP) as well as technical fruits and knowledge relating to the understanding of the phenomenon of human life, and making best use of Fujitsu's advanced proprietary information technology, Mitsubishi Chemical will focus on developing genomic drug discoveries (*4).

  2. Fujitsu will focus on developing "post genomic machines," (*5) super high-speed computers capable of processing the enormous quantities of data required to support biotech research, and will provide the platforms needed for the research effort, such as high-performance computing and high-speed processing technology. In addition, by bringing together Fujitsu's abundant intellectual property and systems technology expertise and the Mitsubishi Chemical Group's experience in drug development, clinical trials, and diagnostics, the two companies aim to strengthen their existing businesses and develop new businesses in the medical and healthcare fields.

  3. The two companies regard the world-renowned research capabilities of the Mitsubishi Kasei Institute of Life Sciences as an important asset for the cooperative research venture, and they will formulate plans on how best to operate the Institute and utilize its strengths to the fullest.
Through the collaboration described above - which aims at supporting leading-edge medical services such as preventive medical therapies -- Fujitsu and Mitsubishi Chemical Group intend to help contribute to people's quality of life.

[Technical Glossary]

*1. International Human Genome Project
An international project to decode the approximately 3 billion sets of DNA that exist in the human genome. Begun in 1990 as a 15-year project, with researchers in the U.S., Europe and Japan as the main participants. Thanks to improved technology, completion of the project was speeded up.

*2. Bioinformatics
A field of technology that combines biotechnology and information technology (IT). Refers to the technique whereby IT is used to process the large volumes of data obtained from life science experiments in order to extract information that is useful for both academic knowledge and industrial applications, such as new drug development.

*3. Personalized medicine
Medical treatment that is matched to the individual. Up to now, patients exhibiting the same symptoms have been given the same drug and the same dosage. However, with personalized medicine, small differences in the patient's genetic makeup are taken into account, enabling advance judgment about a medication's effectiveness and possible side effects.

*4. Genomic drug discovery
A drug discovery method whereby the genes and proteins related to a certain disease are elucidated and drug development proceeds after a new drug is targeted, by utilizing information about genomes, as well as genes and proteins.

*5. Post genomic machine
Refers to computer systems used for post-genomic research, which can rapidly process large volumes of bio-information.
* All company/product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only.

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About Fujitsu
Fujitsu Limited (TSE: 6702) is a leading provider of Internet- based information technology solutions for the global marketplace. Comprising over 500 group companies and affiliates worldwide -- including ICL, Amdahl and DMR Consulting -- it had consolidated revenues of 5.26 trillion yen ($49.6 billion) in the fiscal year ended March 31, 2000. Fujitsu's pace-setting technologies, world-class computing and telecommunications platforms, and global corps of over 60,000 systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Altogether, the Fujitsu Group has 188,000 employees and operations in over 100 countries.
Internet: http://www.fujitsu.com/

Press contacts:
 Mitsubishi Chemical Corporation
 Tel: +81-3-3283-5700
 E-mail: mccpr@cc.m-kagaku.co.jp

 Minoru Sekiguchi, Bob Pomeroy, Scott Ikeda
 Fujitsu Limited (Tokyo)
 Tel: +81-3-3215-5236
 Fax: +81-3-3216-9365
 E-mail: pr@fujitsu.com

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