Alvotech
Manufacturing · Iceland · 1K - 5K Employees
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Overview
Headquarters
15-19 Saemundargata, Reykjavik, Höfuðbor...Phone Number
+354 4224500Website
www.alvotech.comRevenue
$492 MillionStock Symbol
ALVOIndustry
ZI Rank: 1
Signal Type
Mar
Apr
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Jun
Jul
Aug
ZI Rank
1
1
1
1
1
1
About Alvotech
Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT04, a biosimilar to Stelara to treat various inflammatory conditions comprising psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT06, a biosimilar to Eylea to treat various conditions, such as age-related macular degeneration, macular edema, and diabetic retinopathy; and AVT03, a biosimilar to Xgeva and Prolia, which is in the pre-clinical phase to treat prevent bone fracture, spinal cord compression, and the need for radiation or bone surgery in patientsRead more
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Company Profile Activity
Activity Insights
Alvotech is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
Alvotech is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Alvotech.
Alvotech financials insights
Gather financial insights about Alvotech, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2019
Other Financing Round
$300M
2021
Share Placement
$35M
2022
Multiple Rounds
$136M
2023
Debt
$100M
2026
Multiple Rounds
$357.2M
Alvotech Tech Stack
A closer look at the technologies used by Alvotech
Most Recent Scoops
Earnings
Alvotech has reported total revenues of USD 106 million for Q2 2026, a decrease of 39% compared to Q2 2025, with an adjusted EBITDA of USD 23 million, down 32% year-on-year, reflecting lower product and milestone revenues versus Q2 2025, which included the launch of the STELARA biosimilar in the US, and a gross margin of 51%.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Alvotech has reported cash on hand of USD 143 million at the end of June 2026, reflecting the equity raise completed in June, with cash from operations of USD 17 million in Q2 2026, net interest payments of USD 37 million per quarter following the transition from PIK to cash interest in mid-2025, capital expenditure of USD 28 million primarily related to facility improvement costs now concluded, and USD 17 million invested in intangibles for continued biosimilar pipeline advancement.
Earnings, Spending/Investment, Business Finance, Finance
Project
Alvotech has announced that the FDA formally closed its May 2026 routine GMP surveillance inspection of the Reykjavik manufacturing facility in July 2026 with a Voluntary Action Indicated (VAI) classification, confirming the facility remains an FDA-approved manufacturing site.
Compliance, Manufacturing Operations
Project
Alvotech has commenced a randomized, double-blind pharmacokinetic similarity study comparing its proposed Keytruda biosimilar, co-developed with Dr. Reddy's, against the reference product in participants with melanoma.
Pharmaceuticals, Clinical Operations
Person-Based
Partnership, Business Development, Corporate Strategy
Alvotech News & Media
Alvotech to present at upcoming investor conferences in September
REYKJAVIK, Iceland, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that Robert Wessman, Founder and Chairman, and Dr. Balaji V. Prasad, Chief Strategy Officer, will participate in the upcoming investor conferences in September as follows:Alvotech to present at upcoming investor conferences in September
REYKJAVIK, ICELAND (August 27, 2026) — Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that Robert Wessman, Founder and Chairman, and Dr. Balaji V. Prasad, Chief Strategy Officer, will participate in the upcoming investor conferences in September as follows:Alvotech (ALVO) Gets New ‘Buy’ Reco. Should Investors Follow?
Alvotech (NASDAQ:ALVO) extended its winning streak to a 5th consecutive day on Monday, jumping 18.51 percent to finish at $5.25 apiece, after the Bank of America (BofA) raised its price target for the company. In its recent coverage, BofA initiated a buy recommendation on Alvotech shares with a price target of $7, amid the closure […]Alvotech Announces Licensing and Commercialization Agreement with Lotus Pharmaceutical for proposed biosimilars to durvalumab and emicizumab in the U.S. and Selected Asian Markets
REYKJAVIK, ICELAND (August 21, 2026) — Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced a strategic licensing and commercialization agreement with Lotus Pharmaceutical (TWSE Stock Code: 1795) covering two of Alvotech’s candidates in the United States and selected Asian markets: AVT34, a proposed biosimilar to Imfinzi® (durvalumab), and AVT87, a proposed biosimilar to H
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Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditio... Read More
