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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.

Mark Levick, CEO of Alvotech says in a statement: “Teva is an ideal commercial partner for Alvotech and combines their leading commercial footprint and track record in the U.S. market with Alvotech’s scientific experience and state-of-the-art biologics manufacturing."

Alvotech is a fully integrated biopharmaceutical company focused on the development and manufacturing of biosimilar medicine. In the headquarters in Reykjavik, Iceland, Alvotech has cutting-edge in-house R&D capabilities, from cell line process and product development, through scale-up and manufacturing. Alvotech has attracted an international team of biopharmaceutical specialists. 

Teva is a global leader in generic and specialty medicines with a portfolio of over 3,500 products in almost all therapeutic areas. 

For further information see the announcements from Alvotech and Teva.

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