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Stock impact report

Alvotech and STADA add to strategic alliance through denosumab partnership [Yahoo! Finance]

Alvotech (ALVO) 
Company Research Source: Yahoo! Finance
This partnership for the osteoporosis and cancer-related molecule builds on the two company's existing strategic alliance in Europe. The first product launched through the alliance was Hukyndra ® , a high-concentration biosimilar to Humira ® (adalimumab) Extended alliance comes as the partners prepare to launch Uzpruvo ® , a biosimilar to Stelara ® (ustekinumab) in Europe following the expiry of applicable intellectual-property rights REYKJAVIK, Iceland and BAD VILBEL, Germany, June 11, 2024 (GLOBE NEWSWIRE) -- Alvotech and STADA are strengthening their existing strategic alliance for high-quality, cost-effective biosimilars by extending their partnership to cover AVT03, a clinical-stage biosimilar candidate referencing the Prolia ® /Xgeva ® (denosumab) medicines for osteoporosis and cancer-related bone loss respectively. 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 Show less Read more
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