MedRx Co., Ltd (TSE:4586) announced that it has signed a purchase agreement for a private placement of 676,000 shares at the price of ¥296 per share for gross proceeds of ¥200,096,000 and 31,550 of 17th stock acquisition rights at the price of ¥200 per right for gross proceeds of ¥6,310,000 for total proceeds of ¥206,406,000 on July 28, 2020. The transaction will include participation from Japan International Partners LLC who will acquire all shares through third party allotment. Each stock acquisition right will have 100 shares where minimum exercise price would be ¥164 per share. The shares will have lock up period of 180 days. The transaction is expected to close on August 13, 2020. The transaction has been approved by the board of directors of the company.