UK-based developer of inhaled therapies Vectura (LSE: VEC) saw its shares rise 4.8% to 96.93 pence in morning trading (May 13), after it revealed that it has established Tianjin Kinnovata Pharmaceutical Company in China with two partners; Tianjin KingYork Group Company, a leading Chinese pharmaceutical company and specialist manufacturer of corticosteroid based products, and Zendex Bio Strategy, a private equity investor based in Hong Kong.
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