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

 
• By Grace Montgomery

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.

“This successful financing transaction will help fund Alvotech’s plans for future growth and secure the financing of further biosimilar development...

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