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Potential U.S. Tariffs on Pharmaceuticals Expected to Have Minimal Impact on Alvotech’s Product Revenues in 2025
Globenewswire· 2025-05-07 09:00
Core Viewpoint - Alvotech anticipates that potential U.S. tariffs on imported pharmaceuticals will have minimal impact on its product revenues in 2025, estimating the effect of a 10% tariff to be less than 1% of total expected revenues [1][2]. Group 1: Tariff Impact - Alvotech manufactures its biosimilars in Iceland, which currently faces a minimum tariff of 10% on goods imported to the U.S. [1][2] - The estimated impact of a 10% tariff on Alvotech's sales to the U.S. in the second half of 2025 would be less than 1% of expected product revenues [2]. - Customers are responsible for all costs of transport and import duties to the U.S., meaning Alvotech will not bear these costs [1][2]. Group 2: Company Overview - Alvotech is a biotech company focused on developing and manufacturing biosimilar medicines, aiming to be a global leader in the biosimilar space [3]. - The company has two approved biosimilars, Humira® (adalimumab) and Stelara® (ustekinumab), and a pipeline of nine disclosed biosimilar candidates targeting various diseases [3]. - Alvotech has established strategic commercial partnerships across multiple regions, including the U.S., Europe, Japan, and parts of Asia and South America [3].
Alvotech Announces Webcast of First Quarter 2025 Financial Results on May 8, 2025, at 8:00 am EDT (14:00 CET)
Globenewswire· 2025-05-02 12:30
Core Viewpoint - Alvotech is set to release its financial results for Q1 2025 on May 7, 2025, and will hold a conference call on May 8, 2025, to discuss these results and recent business highlights [1]. Company Overview - Alvotech is a biotech company focused on developing and manufacturing biosimilar medicines globally, aiming to be a leader in the biosimilar market by providing high-quality, cost-effective products [3]. - The company has two approved biosimilars, Humira® (adalimumab) and Stelara® (ustekinumab), which are marketed in multiple global markets [3]. - Alvotech's development pipeline includes nine disclosed biosimilar candidates targeting various conditions such as autoimmune disorders, eye disorders, osteoporosis, respiratory diseases, and cancer [3]. - The company has established a network of strategic commercial partnerships across the United States, Europe, Japan, China, and other regions, enhancing its global reach [3]. Investor Relations - Information regarding the webcast and conference call participation is available on Alvotech's investor website, with the webcast being archived for 90 days post-event [2]. - The company encourages engagement through its investor portal and social media platforms [4].