AL

Alvotech

ALVO
NASDAQHealth Care
$4.17
USD
-0.05(-1.18%)
At close: Jun 12, 20:00 UTC

Open

$4.18

Prev. Close

$4.19

High

$4.19

Low

$4.17

Market Snapshot

Market Cap

$1.3B

P/E Ratio

-16.1

EPS

0.33

Revenue

$587.89M

Why ALVO moved

Alvotech's AVT16 biosimilar application for Entyvio was accepted by the FDA, bolstering its position in the competitive biosimilars market.

About

Alvotech is a biotechnology company, which engages in the development and manufacture of biosimilar medicines. The firm is focused on the development and manufacture of biosimilar medicines for patients globally. The company is engaged in developing a pipeline of monoclonal antibodies that target a variety of therapeutic areas including inflammatory diseases, oncology, and ophthalmology. The Company’s pipeline contains eight biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Its products pipeline includes AVT02, AVT04, AVT23, AVT03, AVT05, AVT06, AVT16, and AVT33. Its AVT02 is a monoclonal antibody and a biosimilar to Humira (adalimumab). AVT04 is a monoclonal antibody and a biosimilar candidate to Stelara (ustekinumab). The company has formed a network of strategic commercial partnerships to provide global reach and leverage expertise in markets that include the United States (U.S.), Europe, Japan, China, and other Asian countries and large parts of South America, Africa, and the Middle East.