PTT Invests in Lotus Pharmaceutical's Strategic Partnership in South East Asia Tuesday, April 20, 2021 10:30AM IST (5:00AM GMT)
The transaction creates a very strong platform to expand market access in the ASEAN region. Both parties are committed to further collaboration to provide patients with better access to high quality medicines across the region.
Lotus Pharmaceutical Co., Ltd. (“Lotus” or “the Company”, Taiwan TWSE ticker: 1795), an Alvogen company, has announced the issuance of new shares through private placement to be acquired by Innobic (Asia). The move is aimed at further strengthening the company’s market access in the ASEAN region. Innobic (Asia) is a wholly owned subsidiary of PTT Public Company Limited (“PTT”, SET ticker: PTT), the largest publicly listed conglomerate in Thailand. PTT, whose majority owner is the Ministry of Finance in Thailand, is the nation's only company listed in the Fortune Global 500.