Thailand: Aztiq and Innobic alliance acquires Alvogen’s shares in Lotus and Adalvo for US$475m

A consortium comprised of Iceland based healthcare investor, Aztiq, and PTT’s life science arm,  Innobic Asia, have signed a definitive agreement to acquire a 100% stake in Alvogen Emerging Market Holdings for US$475m. The deal is expected to close during the first quarter 2022. Aztiq, a long-term healthcare investor, is led by Alvogen’s and Alvotech’s…