YAS HOLDING INVESTS IN ALVOTECH – CUTTING EDGE BIO-PHARMA
November 1, 2019
Yas Holding, has acquired a 2.5% stake in Alvotech and signed an agreement for an exclusive partnership and supply of some of their specialized products, which we will commercialize in the MENA region. The total partnership value, including the purchase of new shares, an upfront license payment, along with subsequent milestone payments is estimated to be around $45 million.
Alvotech is at the cutting edge of the bio-pharmaceutical industry and our investment will complement both our existing portfolio, and further planned expansion into the health and pharmaceutical sectors in the MENA region. Alvotech‘s initial pipeline contains several monoclonal-antibody and fusion-protein biosimilar candidates aimed at treating autoimmunity, oncology and inflammatory conditions. For more information on Alvotech see – www.alvotech.com