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Lotus Pharma Unit to License Two Alvotech Biosimilars in $150 Million Deal

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Lotus Pharmaceutical's (TPE:1795) subsidiary, Lotus International, has agreed to acquire licensing rights to two early-stage biosimilar candidates from Alvotech in a deal worth up to $150 million, according to a Friday filing with the Taiwan Stock Exchange.

The agreement for Durvalumab and Emicizumab grants Lotus semi-exclusive rights in the US and exclusive rights across several Asia-Pacific markets.

Consideration includes up to $5 million in combined upfront payments alongside milestone payments totaling up to $144.1 million.

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