Alvotech To Develop Biosimilar Assets With US$300m Financing Deal

Alvotech will further develop its biosimilar assets through a US$300 million financing deal that will also enable the firm to “fuel continued growth” and be used for refinancing existing debt.

Syringe
Alvotech is injecting cash into its biosimilars pipeline • Source: Shutterstock

Pure-play biosimilars developer Alvotech has raised US$300 million through a private bond offering that will be used to further develop its biosimilar assets, “fuel continued growth” and to refinance its existing debt.

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