Alvotech

Alvotech

ALVO
Reykjavik, Iceland· Est.
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ALVO · Stock Price

USD 3.20-6.48 (-66.94%)
Market Cap: $989.2M

Historical price data

Market Cap: $989.2MPipeline: 17 drugs (8 Phase 3)Founded: 2004Employees: Over 1000HQ: Reykjavik, Iceland

Overview

Alvotech is a mission-driven, publicly traded biosimilar developer with a fully integrated platform that spans the entire value chain from cell line development to commercial fill-and-finish. This vertical integration provides strategic control over timelines, quality, and cost, enabling the company to bring affordable alternatives to high-cost biologic medicines to market efficiently. Its primary achievement is the approval and launch of its high-concentration adalimumab biosimilar (AVT02, referencing Humira) in key markets including the U.S., EU, and Japan, establishing a commercial foundation. The company's strategy is to leverage its platform to build a broad and deep pipeline targeting over a dozen blockbuster biologics, forming strategic commercialization partnerships to maximize global reach.

ImmunologyOncologyOphthalmologyBone DiseaseRespiratory

Technology Platform

A fully integrated, proprietary platform for biosimilar development and manufacturing, encompassing end-to-end capabilities from cell line development and process optimization to commercial-scale cGMP production and fill-finish.

Pipeline

17
17 drugs in pipeline8 in Phase 3
DrugIndicationStageWatch
AVT16 + VedolizumabUlcerative ColitisPhase 3
AVT29 (proposed aflibercept HD biosimilar) + Eylea HD (aflib...Diabetic Macular EdemaPhase 3
AVT03 + DenosumabOsteoporosis, PostmenopausalPhase 3
Adalimumab originator + Adalimumab biosimilarPlaque PsoriasisPhase 3
AVT06 (proposed aflibercept biosimilar) + Eylea® (Aflibercep...Neovascular (Wet) AMDPhase 3

Funding History

4
Total raised:$1.2B
IPO$225M
Debt$450M
Series B$300M
Series A$250M

Company Timeline

2004Founded

Founded in Reykjavik, Iceland

2019Series B

Series B: $300.0M

2021Debt

Debt: $450.0M

2022IPO

IPO — $225.0M