Alvotech and Advanz Pharma Expand Strategic Partnership to Include Three New Biosimilars in Europe

Reuters
05/28
<a href="https://laohu8.com/S/ALVO">Alvotech</a> and Advanz Pharma Expand Strategic Partnership to Include Three New Biosimilars in Europe

Alvotech SA, a leading global biotech company, has expanded its partnership with Advanz Pharma, a UK-based pharmaceutical company, to commercialize three additional biosimilars in Europe. The agreement grants Advanz Pharma exclusive rights to market biosimilar candidates for Ilaris® (canakinumab) and Kesimpta® (ofatumumab), along with a third undisclosed biosimilar. This collaboration, which builds on previously partnered programs, underscores Advanz Pharma's commitment to enhancing access to rare disease and specialty medicines. The partnership involves development and commercial milestones worth up to US$180 million and includes a revenue-sharing model. Alvotech will handle development and supply, while Advanz Pharma will focus on registration and commercialization in Europe.

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: GNW1001099420-en) on May 28, 2025, and is solely responsible for the information contained therein.

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