#Japan #Tokyo #Convano #HM Solution #Nose Lift

Convano's Partnership with HM Solution Co., Ltd.

Convano Inc., headquartered in Shibuya, Tokyo, has announced a significant strategic partnership with HM Solution Co., Ltd., a South Korean company based in Gyeonggi-do. This collaboration is aimed at innovating materials used for thread lifts specifically designed for enhancing the nasal structure. Through its consolidated subsidiary, Thinks Healthcare, Convano will also take charge of exclusive import duties for these products into the Japanese market.

Background and Objective

In recent years, the beauty medical market in Japan has experienced a growing demand for non-invasive treatments that allow for three-dimensional contour shaping. In particular, nose lifts are seen as crucial as they significantly influence the overall facial impression. Traditional methods, such as hyaluronic acid injections or silicone implants, have been associated with issues like shape distortion, asymmetry, invasiveness, and extended downtime. There is a pressing need for solutions that address these challenges.

With this partnership, Convano aims to introduce absorbable thread lift structures that combine shape retention and flexibility, offering a non-invasive and long-lasting option for nose enhancement. Drawing upon their experience gained through importing hyaluronic acid fillers from LG Chem, the company seeks to create a new category in the thread lift sector.

Details of the Agreement

Target Product

The focus is on the nose-lifting thread materials, which utilize a new structural cog designed for natural uplift, stable insertion, and long-term shape retention.

Joint Development and Exclusive Import

Co-development and exclusive import duties will be undertaken by Convano and HM Solution for the target market in Japan.

• - Roles and Responsibilities:

- HM Solution: Responsible for product design, manufacturing, intellectual property, quality assurance, international data provision, and physician training support.
- Convano: Tasked with defining requirements suitable for the Japanese market, conducting clinical evaluations, ensuring compliance with medical regulations, and handling distribution and sales.

Exclusivity Scope and Duration

The exclusivity applies to the importation of nose-lifting thread products within Japan, encompassing sales and marketing. While the specific terms are confidential, exclusivity is conditioned on meeting appropriate sale volumes and quality metrics. The parties will also jointly explore reasonable restrictions for competitive activities in this domain.

Future Directions

This partnership positions Convano to expand into nose formation as a second pillar of its business, following its successes with injection-based treatments. By introducing a new nose enhancement solution that overcomes the drawbacks of current alternatives, the company seeks to broaden the scope of high-value procedures in the private healthcare sector.

Additionally, it's important to note that Convano is already in collaboration with META BIOMED for a different application; the focus there is on thread lifts targeting smile lines and the perioral area. Consequently, while the two business ventures do not overlap in terms of targeted areas, they strategically enhance Convano's portfolio, covering a wide range from facial contour improvement to nose enhancement. This complementary approach not only broadens the company's offerings but also provides medical institutions and patients with a wider array of options.

About HM Solution Co., Ltd.

• - Name: HM Solution Co., Ltd.
• - Location: Da-dong #325, SKYPOLIS, 135 Misagangbyeonhangang-ro, Hanam-si, Gyeonggi-do, South Korea
• - Representative: Lu Hee-moon
• - Established: January 2, 2024
• - Business Focus: Manufacturing and exporting thread lift products for cosmetic medicine
• - Corporate Website: hmsolu.com