Alvotech Expands Assembly and Packaging Capacity with Acquisition of Ivers-Lee Group

Reuters

07/09

<a href="https://laohu8.com/S/ALVO">Alvotech</a> Expands Assembly and Packaging Capacity with Acquisition of Ivers-Lee Group

Alvotech SA, a global biotech company specializing in biosimilar medicines, has announced the acquisition of Ivers-Lee Group, a family-owned company based in Burgdorf, Switzerland. This acquisition expands Alvotech's capacity in assembly and packaging, integrating Ivers-Lee's operations into its Technical Operations division. Peter Schüpbach, the managing director and grandson of Ivers-Lee's founder, will continue in his role and join Alvotech's senior leadership team. The acquisition supports Alvotech's plans for growth as it prepares to launch three new biosimilars in 2025. Ivers-Lee will remain a separate legal entity but will enhance Alvotech's ability to meet global demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001117134-en) on July 09, 2025, and is solely responsible for the information contained therein.

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This acquisition expands Alvotech's capacity in assembly and packaging, integrating Ivers-Lee's operations into its Technical Operations division. Peter Schüpbach, the managing director and grandson of Ivers-Lee's founder, will continue in his role and join Alvotech's senior leadership team. The acquisition supports Alvotech's plans for growth as it prepares to launch three new biosimilars in 2025. Ivers-Lee will remain a separate legal entity but will enhance Alvotech's ability to meet global demand.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001117134-en) on July 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250709:nNDL4lv51g:1","article_id":"2550848336","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550848336","pubTimestamp":1752049816,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Alvotech SA, a global biotech company specializing in biosimilar medicines, has announced the acquisition of Ivers-Lee Group, a family-owned company based in Burgdorf, Switzerland. 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This acquisition expands Alvotech's capacity in assembly and packaging, integrating Ivers-Lee's operations into its Technical Operations division. Peter Schüpbach, the managing director and grandson of Ivers-Lee's founder, will continue in his role and join Alvotech's senior leadership team. The acquisition supports Alvotech's plans for growth as it prepares to launch three new biosimilars in 2025. Ivers-Lee will remain a separate legal entity but will enhance Alvotech's ability to meet global demand.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. 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