Breaking News, Collaborations & Alliances

Alvogen Investment Bolsters Asian Presence

Enters cross-investment partnership with Fuji to enhance market access to fast-growing Asian pharma market

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Alvogen’s subsidiary in Taiwan, Lotus Pharmaceuticals, has formed capital and business collaboration agreements with Fuji Pharma in Japan. Under the terms of the agreement, Fuji has acquired a two percent stake in Lotus for approximately $20 million. Lotus has also acquired 3.9% stake in Fuji for an equal sum.   The transaction is designed to strengthen Lotus and Fuji’s commercial platform in Japan and other Asian pharmaceutical markets, to explore cross-selling opportunities, realize synergies ...

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