Wessman’s Fund Aztiq Pharma Buys Up Stake In Alvogen US

$100m Financing Round Led By Morgan Stanley Fuels Deal

With “many pipeline products coming to the market in the next two years,” Alvogen’s US operation has raised fresh capital via a share issue to Aztiq Pharma, the private equity fund led by Alvogen CEO Robert Wessman.

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Alvogen US will increase R&D investment • Source: Shutterstock

Alvogen, Inc. CEO Robert Wessman has tightened his grip on the Icelandic firm’s budding US business after buying up a 17% stake via Aztiq Pharma, the private equity fund Wessman leads.

Having completed a $100m financing round, led by Morgan Stanley and subscribed to by “international institutional investors,” Aztiq – which comprises both individual investors and major funds

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