Alvotech (ALVO) has released an update.
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Alvotech has reported a significant financial turnaround for the first nine months of 2024, with total revenues soaring to $339 million, a sharp rise from the previous year, alongside a notable increase in product revenue and a positive adjusted EBITDA. The company has achieved key milestones in product development, including marketing applications acceptance in Europe for biosimilar candidates and a confirmatory study for AVT16. These developments, coupled with strategic partnerships, highlight Alvotech’s robust growth and potential for future expansion in the biosimilar market.
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