Alvotech and Teva announce Strategic Partnership
Alvotech and Teva Pharmaceutical have announced a strategic partnership where Teva will commercialize Alvotech's biologics products in the U.S. The initial pipeline contains five biosimilar product candidates from Alvotech.
Third phase of government economic response to COVID-19
Increased support for companies, extension of part time employment with government support and simpler rules on financial restructuring of companies are key elements in the government's third phase of economic response to COVID-19
Second phase of economic response measures
Increased support for R&D, closure subsidies, immediate support loans for SMEs and allowance to carry 2020 losses back to offset 2019 income tax are among the measures introduced by the government as part of the second COVID-19 economic response package on April 21.
Economic and stimulus response to COVID-19
The Government of Iceland has announced a 1.6bn USD response package to the COVID-19 crisis. It includes state-backed bridging loans for companies, defferal of tax payments, financial support for the tourism sector and up to 75% of salaries paid as part-time unemployment benefits.
Iceland's response to COVID-19
Icelandic authorities have activated a Pandemic Influenza Response Plan. The main objective is that Iceland's infrastructure, particularly the health care system, will withstand the strain caused by COVID-19.The government is also announcing an extensive relief package for industries, companies and individual affected by the pandemic.
The first Hyatt Centric hotel in the Nordics to open in Reykjavik
Iceland's first Hyatt branded hotel in Reykjavik has been announced. The 169 room centrally located hotel will also be the first Hyatt Centric lifestyle hotel to open in the Nordic countries.
Work in Iceland - Information website on living and working in Iceland
Iceland is a family friendly and safe place to live. Icelandic industries do also offer exciting opportunities for international specialists in a variety of sectors. To facilitate a smooth relocation the Ministry of Industries and Innovation, Federation of Icelandic Industries and Promote Iceland have introduced a new one-stop-shop website on moving to Iceland, working and living.
Viad Corp to invest in new geothermal lagoon
Canadian experiential services company VIAD is investing in new geothermal lagoon attraction in Iceland's capital area. This oceanfront attraction is currently in development and is expected to open in 2021. VIAD's Flyover Iceland was recently opned in Reykjavik.
Partnering for Increased Biosimilar Market Share: Alvotech Partners with Cipla Gulf
Alvotech, a privately-owned biopharmaceutical company out of Reykjavik, Iceland, announced a partnership with Cipla Gulf FZ LLC for the commercialization of a biosimilar (AVT02 – an adalimumab biosimilar) in emerging markets. AVT02 is a biosimilar to AbbVie’s Humira with indications for several autoimmune diseases, such as Rheumatoid Arthritis. In...
Icelandic health technology company focusing on central nervous system disorders begins marketing in Japan
Mentis Cura, an Icelandic-Norwegian health technology company, begins marketing in Japan through partnership with Nihon Medi-Physics out of Japan. The partnership is valued at over 112.4-million USD (14-billion ISK) over the next 10 years. The partnership will enable the core products to be marketed in Japan following successful clinical trials and...