Alvotech Plans Multimillion Biosimilars Investment - Pharmaceutical Technology

Latest Issue

Latest Issue
PharmTech Europe

Alvotech Plans Multimillion Biosimilars Investment
Alvotech plans investment in biosimilars portfolio and manufacturing facility.

Alvotech, a pharmaceutical company based in Reykjavik, Iceland, plans to invest $250 million to develop and manufacture biosimilar assets that include follow-on versions of monoclonal antibodies molecules, which will be brought to market by 2018.

Alvotech is an independent sister company of the multinational pharmaceuticals company, Alvogen, a multinational, privately owned pharmaceuticals company, focused on developing, manufacturing, and distributing generic, brand, over-the-counter brands (OTC), and biosimilar products. Through the Alvotech–Alvogen alliance, Alvogen will add key pipeline molecules to its existing biosimilar business. Alvogen currently markets biosimilars in selected regions through alliances with other firms, including Hospira and has several pending marketing authorizations worldwide.

Alvotech broke ground in November 2013 on a new 11,800-m2 development and manufacturing facility, where it will produce its own developed biosimilars, the first of which are already in advanced development stage. The site will provide Alvotech with a fully vertically integrated biologics manufacturing plant.

Source: Alvotech


blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
| Weekly

FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
View Results
Eric Langerr Outsourcing Outlook Eric LangerTargeting Different Off-Shore Destinations
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerAsymmetric Synthesis Continues to Advance
Jill Wechsler Regulatory Watch Jill Wechsler Data Integrity Key to GMP Compliance
Sean Milmo European Regulatory WatchSean MilmoExtending the Scope of Pharmacovigilance Comes at a Price
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Ebola Outbreak Raises Ethical Issues
Better Comms Means a Fitter Future for Pharma, Part 2: Realizing the Benefits of Unified Communications
Better Comms Means a Fitter Future for Pharma, Part 1: Challenges and Changes

Click here