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COVEX is a Spanish company situated in Colmenar Viejo, Madrid. Covex set up a joint venture with a local Chinese company in 1998 and started exporting Vinpocetina finish dosage drugs and active pharmaceutical ingredients (APIs) to China. After the termination of the partnership, Covex began to work with a few local distributors. It is now in the process of renewing its import drug licence (IDL).