Alvotech And STADA Extend Partnership Through AVT03 Biosimilar Candidate Addition

6/11/24 4:17:36 AM ET

Biotechnology: Biological Products (No Diagnostic Substances)

Health Care

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Under the terms of the agreement, Alvotech will be responsible for development and manufacturing at its state-of-the-art facility in Reykjavik, Iceland. STADA will become marketing authorization holder, upon approval of AVT03, and will assume semi-exclusive commercial rights in Europe, including Switzerland and the UK, as well as exclusive commercial rights in selected countries in Central Asia and the Middle East.

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Date	Price Target	Rating	Analyst
1/29/2024	$10.00 → $17.00	Equal Weight → Overweight	Barclays
10/20/2023	$5.00 → $10.00	Sell → Neutral	Citigroup
9/21/2023	$10.00	Equal Weight	Barclays
9/7/2022	$10.00	Equal-Weight	Morgan Stanley
9/6/2022	$12.00 → $5.00	Buy → Sell	Citigroup

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REYKJAVIK, Iceland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ:ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, announced today its participation in Citi's 2024 Global Healthcare Conference in Miami, Florida on December 4, 2024, and in Evercore's HealthCONx Conference in Coral Gables, Florida on December 5, 2024. Members of the management team will host one-on-one meetings at both conferences. Alvotech will also hold a fire-side chat at Evercore's HealthCONx Conference on Thursday, December 5, 2024 starting at 12:55 ET (17:55 GMT). A live audio webcast of Alvotech's fire-side chat at the Evercore He
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Alvotech And STADA Extend Partnership Through AVT03 Biosimilar Candidate Addition

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Alvotech Attending Citi's Global Healthcare Conference on December 4, 2024, and Evercore's HealthCONx Conference on December 5, 2024

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