We are pleased to announce that last week Yas Holding LLC completed the acquisition of a significant majority shareholding in Geltec Healthcare FZE. Located in Dubai’s Jebel Ali area, Geltec Healthcare FZE is part of a renowned pharma and nutraceutical group with a global presence. The acquisition was completed through our dedicated healthcare investment group,

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