Alvotech (ALVO) has released an update.
Alvotech, a biotech firm specializing in biosimilar medicines, reported a significant increase in revenue driven by product sales and license agreements, despite experiencing a net loss for the first half of 2024. The company, with a diverse pipeline and two marketed biosimilars, is expanding its global footprint with new product launches and strategic partnerships. Its financial strength is underscored by $10.9 million in cash reserves and an active approach to managing a substantial borrowing portfolio.
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