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Alvogen's Lotus Secures Deal With Fuji To Bolster Asia Presence

 
• By Grace Montgomery

Alvogen’s Taiwanese subsidiary Lotus has confirmed a cross-investment partnership with Fuji that will strengthen the firms’ commercial platform in Japan and other key Asian pharmaceutical markets.

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Alvogen and Fuji deal set to bolster presence in Asia, including Japan • Source: Shutterstock

Alvogen’s Taiwanese subsidiary Lotus Pharmaceuticals has entered into capital and business collaboration agreements with Fuji Pharma in Japan. Under the terms of the deal, Fuji acquires a 2.0% stake in Lotus for approximately US$20 million, while Lotus acquires a 3.9% stake in Fuji for an equal sum.

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