Our latest strategic collaboration - with Alvotech for AVT03 (denosumab)

By ihub_admin, 19 June, 2024
Partnership
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Pleased to share that we have entered into a collaboration with Alvotech for the commercialisation of AVT03 (denosumab), a biosimilar candidate to Prolia® & Xgeva® in the U.S., Europe and UK. Alvotech will be responsible for the development and manufacture of the product. Prolia® andXgeva® are indicated for the treatment of various diseases including osteoporosis in postmenopausal women and prevention of skeletal-related events in adults with advanced malignancies. The collaboration combines our global commercial presence with Alvotech’sproven capabilities in developing biosimilars for markets worldwide.

Appreciation Section
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We are pleased to collaborate with Alvotech to make this denosumab biosimilar available to patients in the U.S., Europe and UK. Over the years, we have created a portfolio of biosimilar products, which are marketed in several emerging markets. Most recently, we launched bevacizumab, our first biosimilar in the UK. This strategic collaboration augments our growing portfolio of biosimilar offerings, and progresses our biosimilar journey further into the highly regulated markets. We look forward to leveraging our strong commercial capabilities in these markets to ensure patients receive access to best-in-class therapies and affordable treatment options.