Alvotech Completes Acquisition of Xbrane's R&D Organization and Biosimilar Candidate to Cimzia®

Reuters

06/04

<a href="https://laohu8.com/S/ALVO">Alvotech</a> Completes Acquisition of Xbrane's R&D Organization and Biosimilar Candidate to Cimzia®

Alvotech SA, a global biotech company, has announced the completion of its acquisition of Xbrane Biopharma AB's R&D organization in Sweden and a biosimilar candidate to Cimzia® (certolizumab pegol). This transaction, initially announced on March 20, 2025, and approved by Xbrane's Extraordinary General Meeting on April 14, 2025, was finalized after fulfilling all regulatory conditions. The acquisition, valued at approximately SEK 275 million (US$28.9 million), includes a cash payment, the assumption of convertible debt, and accounts payable related to the biosimilar candidate. This strategic move is expected to enhance Alvotech's development capacity and bolster its presence in the Swedish life science sector.

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: GNW1001100753-en) on June 04, 2025, and is solely responsible for the information contained therein.

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This transaction, initially announced on March 20, 2025, and approved by Xbrane's Extraordinary General Meeting on April 14, 2025, was finalized after fulfilling all regulatory conditions. The acquisition, valued at approximately SEK 275 million (US$28.9 million), includes a cash payment, the assumption of convertible debt, and accounts payable related to the biosimilar candidate. This strategic move is expected to enhance Alvotech's development capacity and bolster its presence in the Swedish life science sector.\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: GNW1001100753-en) on June 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和數據","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDL1zLcVt:1","article_id":"2540063818","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540063818","pubTimestamp":1749037514,"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, has announced the completion of its acquisition of Xbrane Biopharma AB's R&D organization in Sweden and a biosimilar candidate to Cimzia . 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This transaction, initially announced on March 20, 2025, and approved by Xbrane's Extraordinary General Meeting on April 14, 2025, was finalized after fulfilling all regulatory conditions. The acquisition, valued at approximately SEK 275 million (US$28.9 million), includes a cash payment, the assumption of convertible debt, and accounts payable related to the biosimilar candidate. This strategic move is expected to enhance Alvotech's development capacity and bolster its presence in the Swedish life science sector.\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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