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Alvotech, Fuji Pharma Expand Biosimilars Alliance

Fuji invests $50 million in Alvotech, expands development and commercialization of biosimilars in Japan

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By: Kristin Brooks

Managing Editor, Contract Pharma

Alvotech and Fuji Pharma have entered an exclusive agreement for the development and commercialization of biosimilars in Japan. Fuji is acquiring a 4.2% stake in Alvotech for approximately $50 million, further expanding the partnership between the companies.   Alvotech’s current pipeline consists of six biosimilar monoclonal antibodies aimed at treating cancer, autoimmune, inflammatory and other diseases, with first products expected to be brought to market by 2020.   Since 2013, Alvotech ha...

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