Alvotech (ALVO) has released an update.
Alvotech, in collaboration with Advanz Pharma, has announced the acceptance of its Marketing Authorization Application for AVT05, a proposed biosimilar to Simponi, by the European Medicines Agency. This milestone marks a significant step in expanding treatment options for chronic inflammatory diseases in Europe. The development reflects Alvotech’s commitment to providing high-quality, cost-effective biosimilar medicines to global markets.
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