Alvotech Completes Acquisition of Xbrane R&D Organization and biosimilar candidate to Cimzia®

Alvotech (NASDAQ: ALVO, ALVO-SDB), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, has completed its transaction with Xbrane Biopharma AB (“Xbrane”), with the acqusition of the R&D organization of Xbrane in Sweden and biosimilar candidate to Cimzia® (certolizumab pegol). All regulatory conditions have been fulfilled. The transaction, which was announced on March 20, 2025, and approved by Xbrane’s Extraordinary General Meeting on April ...