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Alvotech

8.50
-0.7700-8.31%
Post-market: 8.500.00000.00%19:05 EDT
Volume:134.19K
Turnover:1.15M
Market Cap:2.27B
PE:-9.82
High:8.88
Open:8.88
Low:8.40
Close:9.27
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Company Profile

Company Name:
Alvotech
Exchange:
NASDAQ
Establishment Date:
2013
Employees:
1012
Office Location:
9, Rue de Bitbourg,Luxembourg,Luxembourg
Zip Code:
1273
Phone:
- -
Fax:
- -
Introduction:
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 patients with certain types of cancer, as well as prevent bone loss and increase bone mass. It also offers AVT05, a biosimilar to Simponi and Simponi Aria, which is in early phase development to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, ulcerative colitis, and other indications; AVT16, a biosimilar to an immunology product; AVT23, a biosimilar to Xolair, which is in late-stage development to treat nasal polyps; and AVT33, a biosimilar to an oncology product. The company was founded in 2013 and is headquartered in Reykjavik, Iceland.

Directors

Name
Position
John Frank
Chairman and Director
Patrick McCaney
Chief Executive Officer and Director
Andrea Wong
Director
Anthony Grillo
Director
Paul Meister
Director

Shareholders

Name
Position
Patrick McCaney
Chief Executive Officer and Director
Mathew Pendo
Chief Operating Officer
Zaid Pardesi
Chief Financial Officer
Alexander Taubman
President