Alvogen’s Lotus Bags $50m Investment To Boost Access In Asia

Taiwan-Based Company Issues 17m New Shares

Lotus Pharmaceuticals aims to build a stronghold in Thailand and beyond, after the Alvogen subsidiary announced a partnership with a subsidiary of Thai state-owned conglomerate PTT, which includes a $50m capital injection.

Asia
"We believe the Southeast Asia region is a very attractive region," Lotus commented • Source: Shutterstock

Alvogen’sLotus Pharmaceutical operation has received the financial firepower and nous to further strengthen its market access in Southeast Asia, after offloading a bundle of new shares to a subsidiary of Thai state-owned conglomerate PTT for around $50m.

Taiwan-based Lotus underlined that through the partnership, it was “looking forward to building a stronghold in Thailand and beyond, similar...

Generics Bulletin Podcast

Stay ahead of every shift in generics and biosimilars.

Generics Bulletin brings you the latest updates that matter for the off-patent industry.

More from Deals

More from Business