1. Generics Bulletin
  3. >>Deals

Alvotech On The Verge Of New Chapter As SPAC Merger Is Approved

Icelandic Company Set To Go Public Next Week On The Nasdaq

 
• By Dean Rudge

Alvotech will cease to be a privately listed company next week, with its merger with special purpose acquisition company Oaktree Acquisition Corp. II set to close “on or about 15 June.”

Dollars (incamerastock/Alamy Stock Photo)
Alvotech has railed millions ahead of its planned listing in NY • Source: Shutterstock (incamerastock / Alamy Stock Phot/Alamy Stock Photo)

Alvotech’s proposed merger with a blank cheque company is set to complete next week, creating a new, publicly listed pureplay biosimilars company with an implied initial enterprise value of approximately $2.25bn.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Generics Bulletin for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Deals

More from Business