Alvotech, a global biotech company focused on biosimilars, has announced the acquisition of Switzerland-based Ivers-Lee Group, a specialist in assembly and packaging for the pharmaceutical industry. While Ivers-Lee will remain a separate legal entity, it will be integrated into Alvotech’s
Alvotech, a global biotech company focused on biosimilar medicines, has announced the acquisition of Xbrane Biopharma AB’s R&D operations and the biosimilar candidate XB003. The deal, valued at approximately SEK 275 million (USD 27 million), strengthens Alvotech’s development capabilities and marks its entry into
Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd., and Alvotech have announced the availability of SELARSDI (ustekinumab-aekn) in the United States. This biosimilar to Stelara (ustekinumab) is approved for multiple indications, including psoriatic arthritis, plaque psoriasis, Crohn’s disease, ulcerative colitis, pediatric plaque psoriasis, and pediatric
Alvotech, a global biotech company focused on biosimilars, and Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd., announced that the U.S. Food and Drug Administration (FDA) has accepted their Biologics License Applications (BLAs) for AVT05. The proposed biosimilar
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