Alvotech settles with AbbVie to secure US rights to Humira biosimilar
Alvotech expects AVT02 (adalimumab) will be marketed in the U.S., subject to regulatory approval, on July 1, 2023
Alvotech expects AVT02 (adalimumab) will be marketed in the U.S., subject to regulatory approval, on July 1, 2023
The companies will continue with their exclusive agreements, including commercialization of their current portfolio
Second interchangeable biosimilar product approved by agency
It becomes the first ophthalmology biosimilar to gain FDA approval in the United States
With cost optimization leading to cumulative savings of US $80 million over last 8 years, the company now aims to tap bigger opportunities in generics business
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