As you can read in recent news, there are smogs surrounding in major cities in China.
In China there are no treatment for asthma since they have been using only herb medicine.
The local company called Xinchang pharmaceutical signed agreement with Medicinova for
establishing new venture in China for treatment of asthma last year.
I cannot find news in US, but there is a news in Nikkei newspaper.
You may find in IR around July last year.
You know why the stock was so high last year around March?
The news of the joint venture with a Chinese firm boosted the stock price.
However, the stock fell down sharply on May, there after the stock stay bottom.
Well, pollution of cities in China looked very terrible, and many people are
suffering from Asthma for sure. Well just wait until some Chinese investors
find out this company