RNS plant closure Germany14 Apr 2015 17:31
The Gemünden site was acquired by Vectura as part of the acquisition of Activaero GmbH in March 2014 and is currently involved in the production of the Company's nebuliser devices, supporting clinical trials and marketing of the devices. In order to improve manufacturing efficiencies, all activities currently carried out in Gemünden will be transferred to Vectura's facilities in Gauting, Germany, Chippenham UK and Cambridge UK, and to a contract manufacturing organisation for any commercial production. As a result, the Company will close the site by March 2016
Perhaps not good news for the people there (I have the same thing hang over my head) but my take on it is that it should help along with the news over the past month to keep this above the 150p mark.