Yas Holding to Acquire Stake in Alvotech and Signs an Exclusive Agreement for its Three Biosimilar Candidates

Shots:

  • Alvotech to receive ~$45M as up front, equity investment, milestone while Yas Holding has acquired a 2.5% stake in Alvotech business and get rights to commercialize Alvotech’s three biosimilar candidates in MENA region
  • The investment will complement Yas holding an existing portfolio and expands its footprints in health & pharmaceutical sector both in the MENA region and abroad
  • Additionally, in Nov’2018, Fuji Pharma invest ~$50M for a 4.2% stake in the Alvotech and in Feb’2019 Fujipharma got exclusive rights to commercialize its biosimilar Ustekinumab (referencing Stelara) in Japan

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