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Alvotech and Stada add to strategic alliance through denosumab partnership [Seeking Alpha]

Alvotech (ALVO) 
Company Research Source: Seeking Alpha
Prolia/Xgeva (denosumab) medicines for osteoporosis and cancer-related bone loss respectively, the companies said on Tuesday. Alvotech ( ALVO ) will be responsible for development and manufacturing at its 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. In parallel with the commercial agreement for AVT03, the two partners have agreed to extend Stada's commercial rights to biosimilars to AbbVie's ( ABBV top-selling arthritis drug Humira (adalimumab) and Johnson & Johnson's ( JNJ Stelara (ustekinumab) to Commonwealth of Independent States countries in Central Asia. Alvotech ( ALVO ) will also regain commercial rights from STADA to AVT06, a proposed biosimilar to Eylea (aflibercept). Recommended For You More Trending News Recommend Show less Read more
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