3rd Apr 2023 14:40
(Alliance News) - Belluscura PLC on Monday said that it has begun manufacturing in China, after signing an agreement with InnoMax Medical Technology Ltd in March.
Belluscura is a medical device developer focused on lightweight and portable oxygen concentrator technology.
The firm has started manufacturing the X-PLOR portable oxygen concentrator in China, which it said would help accelerate its international expansion by opening up markets in Asia and beyond.
Regulatory approval and distribution within China are expected over the summer.
Belluscura also said that order of X-PLOR have continued to grow as new distributors are brought on board, and are in line with company expectations.
Belluscura shares were trading 5.9% higher at 36.00 pence each in London on Monday afternoon.
By Holly Beveridge, Alliance News reporter
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