Private Financing Round Values Alvotech At $1.5bn
Icelandic Firm Plans To Raise $100m
Executive Summary
Having previously announced plans for a public listing, biosimilars company Alvotech has raised tens of millions of dollars though a private placement of new shares, providing further firepower to develop its vast portfolio of candidates.
You may also be interested in...
Wessman’s Fund Aztiq Pharma Buys Up Stake In Alvogen US
With “many pipeline products coming to the market in the next two years,” Alvogen’s US operation has raised fresh capital via a share issue to Aztiq Pharma, the private equity fund led by Alvogen CEO Robert Wessman.
Alvotech Value Rises Again As Portion Of Debt Is Wiped Away
Icelandic biosimilars specialist Alvotech has eased some of its liability to bondholders following a debt-to-equity conversion, at the same time as it improved terms and extended its maturity.
Alvotech Completes $100m Private Placement
Alvotech has completed a $100m private placement after concluding a second found of funding worth $35m. The move comes as the company prepares to commercialize its portfolio of biosimilars through a series of partnerships.