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Alvotech enters supply and commercialization agreements for Canada and Australia & New Zealand covering multiple biosimilar candidates
Globenewswire· 2026-02-02 08:00
Core Insights - Alvotech has entered into supply and commercialization agreements with Sandoz for multiple biosimilar candidates in Canada, Australia, and New Zealand, enhancing its global market strategy ahead of regulatory approvals [1][2] Group 1: Agreements and Responsibilities - The agreement in Canada includes one biosimilar candidate in ophthalmology, supplied as a prefilled syringe for intravitreal injection [2] - In Australia and New Zealand, the agreement covers three biosimilar candidates across immunology and gastroenterology in various formulations [2] - Sandoz will handle regulatory submissions, commercialization, and distribution, while Alvotech will manage development, global clinical activities, and manufacturing, supplying finished products to Sandoz under exclusive arrangements [3] Group 2: Strategic Goals and Market Presence - The collaboration aims to enhance patient access to biologic medicines in Canada, Australia, and New Zealand, with Sandoz committed to providing sustainable and affordable solutions [4] - Alvotech's strategy focuses on securing commercial pathways for its biosimilars portfolio globally, leveraging its integrated development and manufacturing platform [2][4] - Alvotech has five biosimilars already approved and marketed in various global markets, with a pipeline of nine disclosed biosimilar candidates targeting multiple therapeutic areas [5]
Alvotech enters supply and commercialization agreements for Canada and Australia & New Zealand covering multiple biosimilar candidates
Globenewswire· 2026-02-02 08:00
Core Insights - Alvotech has entered into supply and commercialization agreements with Sandoz for multiple biosimilar candidates in Canada, Australia, and New Zealand, enhancing its strategy for global market access ahead of regulatory approvals [1][2] Group 1: Agreements and Responsibilities - The agreement in Canada includes one biosimilar candidate in ophthalmology, while the agreements in Australia and New Zealand cover three biosimilar candidates in immunology and gastroenterology [2] - Sandoz will handle regulatory submissions, commercialization, and distribution in the respective regions, while Alvotech will manage development, global clinical activities, and manufacturing [3] Group 2: Strategic Goals and Market Presence - The collaboration aims to improve patient access to biologic medicines in Canada, Australia, and New Zealand, with Sandoz committed to making these medicines affordable and sustainable [4] - Alvotech has a pipeline of nine disclosed biosimilar candidates targeting various conditions, including autoimmune disorders and cancer, and has already marketed five biosimilars globally [5]
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Alvotech Investors to Inquire About Securities Class Action Investigation - ALVO
TMX Newsfile· 2026-01-29 21:48
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Alvotech due to allegations of materially misleading business information issued by the company [1] Group 1: Legal Action and Investor Rights - Shareholders who purchased Alvotech securities may be entitled to compensation through a class action without any out-of-pocket fees, facilitated by a contingency fee arrangement [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Alvotech [2] Group 2: Company Performance and Stock Impact - On November 2, 2025, Alvotech announced that the FDA issued a complete response letter for its Biologics License Application for AVT05, citing deficiencies from a pre-license inspection of its Reykjavik manufacturing facility [3] - Following this announcement, Alvotech's stock price dropped by 34% on November 3, 2025, and nearly 4% on November 4, 2025 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for settlements since 2013 [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [4]
Alvotech Secures Settlement Agreement in Global Markets for its Biosimilar to Eylea® 2mg
Globenewswire· 2026-01-29 08:00
Core Insights - Alvotech has reached a licensing and settlement agreement with Regeneron and Bayer, resolving all patent disputes related to its biosimilar of Eylea, which is approved for marketing in several regions [1][2][3] Group 1: Licensing and Market Entry - The settlement allows Alvotech to market and sell the biosimilar starting January 1, 2026, in the UK and Canada, and in Japan from May 1, 2026, excluding diabetic macular edema [2] - The biosimilar will be available in the European Economic Area and other countries (excluding the U.S.) from May 1, 2026, and in Japan with all approved indications from November 1, 2026 [2] Group 2: Commercial Partnerships - Alvotech's commercial partners for the Eylea biosimilar in Europe include Advanz Pharma (UK/EEA), STADA (Germany), and Biogaran (France), with Fuji Pharma Ltd. as the partner in Japan [4] - The biosimilar is marketed under the names Mynzepli and Afiveg in Europe and as AFLIBERCEPT BS in Japan [5] Group 3: Product Information - AVT06, the biosimilar to Eylea, inhibits vascular endothelial growth factors (VEGF), which are crucial in treating various retinal diseases [5] - Aflibercept remains a widely used treatment for retinal diseases, and Alvotech aims to support its commercial partners in launching the product successfully [3]
ROSEN, A LONGSTANDING LAW FIRM, Encourages Alvotech Investors to Inquire About Securities Class Action Investigation - ALVO
TMX Newsfile· 2026-01-28 18:14
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Alvotech due to allegations of materially misleading business information issued by the company [1]. Group 1: Company Information - Alvotech's stock price experienced a significant decline of 34% on November 3, 2025, following the announcement of a complete response letter (CRL) from the U.S. FDA regarding its Biologics License Application (BLA) for AVT05 [3]. - The CRL indicated that certain deficiencies identified during the FDA's pre-license inspection of Alvotech's Reykjavik manufacturing facility must be resolved before the BLA for AVT05 can be approved [3]. Group 2: Legal Actions - Investors who purchased Alvotech securities may be eligible for compensation through a class action lawsuit being prepared by Rosen Law Firm, which operates on a contingency fee basis [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering substantial amounts for investors [4].
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Alvotech Investors to Inquire About Securities Class Action Investigation - ALVO
TMX Newsfile· 2026-01-22 22:26
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Alvotech due to allegations of materially misleading business information issued by the company [1]. Group 1: Company Information - Alvotech's stock price experienced a significant decline of 34% on November 3, 2025, following the announcement of a complete response letter (CRL) from the U.S. FDA regarding its Biologics License Application for AVT05 [3]. - The CRL indicated that certain deficiencies identified during the FDA's pre-license inspection of Alvotech's Reykjavik manufacturing facility must be resolved before the BLA for AVT05 can be approved [3]. Group 2: Legal Actions - Investors who purchased Alvotech securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Alvotech [2]. Group 3: Rosen Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].
Alvotech: Why FDA Delays Don't Break The Bull Case
Seeking Alpha· 2026-01-22 02:34
Core Insights - Allka Research has over two decades of experience in investment, focusing on uncovering undervalued assets in ETFs, commodities, technology, and pharmaceuticals [1] - The company emphasizes a conservative investment approach, aiming to deliver substantial returns and strategic insights to clients [1] - Allka Research is committed to simplifying investment strategies, making them accessible to both seasoned and novice investors [1] Company Mission - The mission of Allka Research is to empower individuals financially by sharing knowledge and insights through Seeking Alpha [1] - The company aims to provide thought-provoking analyses and informed perspectives to foster a community of informed investors [1] - Allka Research seeks to demystify investing, inspiring confidence in readers to navigate the markets intelligently [1]
Australia's Finance Sector Union slams ANZ over job cuts at Suncorp Bank divisions
Reuters· 2026-01-22 02:28
Core Viewpoint - The Finance Sector Union of Australia criticized ANZ Group for its decision to lay off employees in various divisions of Suncorp Bank, arguing that these layoffs go against the commitments made to workers [1] Group 1: Job Cuts - ANZ Group announced job cuts across multiple divisions of Suncorp Bank [1] - The Finance Sector Union stated that these layoffs contradict previous commitments made to employees [1]
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alvotech Investors to Inquire About Securities Class Action Investigation - ALVO
TMX Newsfile· 2026-01-18 16:46
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Alvotech due to allegations of materially misleading business information issued by the company [1] Group 1: Company Overview - Alvotech is facing scrutiny after the U.S. FDA issued a complete response letter for its Biologics License Application for AVT05, indicating deficiencies that must be resolved before approval [3] - Following the FDA's announcement, Alvotech's stock price experienced a significant decline, falling 34% on November 3, 2025, and nearly 4% on November 4, 2025 [3] Group 2: Legal Actions - Investors who purchased Alvotech securities may be entitled to compensation through a class action lawsuit being prepared by Rosen Law Firm, which operates on a contingency fee basis [2] - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering substantial amounts for investors [4]
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Alvotech Investors to Inquire About Securities Class Action Investigation - ALVO
TMX Newsfile· 2026-01-17 15:13
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Alvotech due to allegations of materially misleading business information issued by the company [1]. Group 1: Company Information - Alvotech's stock price experienced a significant decline of 34% on November 3, 2025, following the announcement of a complete response letter (CRL) from the FDA regarding its Biologics License Application (BLA) for AVT05 [3]. - The FDA's CRL indicated that certain deficiencies identified during a pre-license inspection of Alvotech's Reykjavik manufacturing facility must be resolved before the BLA for AVT05 can be approved [3]. Group 2: Legal Action - Investors who purchased Alvotech securities may be entitled to compensation through a class action lawsuit being prepared by Rosen Law Firm, which operates on a contingency fee basis [2]. - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4].