Recipharm AB and Medspray BV, a manufacturer of high tech spray nozzles, have established a joint venture known as Resyca BV to develop and exploit the softmist spray nozzle technology for pharmaceutical applications. Recipharm will invest €15 million in return for 51% of the shares of Resyca. Medspray will transfer their softmist intellectual property relating to pharmaceutical applications into Resyca. The technology has the potential to eliminate the need for propellants by delivering therapi...