Fuji Pharma Invests in Alvotech for US$50 Million

Fuji Pharma Invests in Alvotech for US$50 Million

Fuji Pharma Invests in Alvotech for US$50 Million

Biopharmaceutical company Alvotech announced today that Japan-based Fuji Pharma has acquired a 4.2% stake in the business for approximately US$50 million. Alvotech and Fuji Pharma recently announced an exclusive agreement for development and commercialization of biosimilars in Japan. Fuji´s investment into Alvotech further strengthens the partnership between the companies and reflects long-term commitment from both companies. Key shareholders in Alvotech following the transaction are Azti...