Alvotech Reports Financial Results for First Quarter of 2024 and Provides a Business Update [Yahoo! Finance]
Alvotech (ALVO)
Company Research
Source: Yahoo! Finance
Gross margin in Q1 2024 increased to $17 million, by $40 million compared to the same period last year. Alvotech signed new commercialization agreements for its high concentration interchangeable biosimilar to Humira® in the U.S. and for its proposed biosimilar to Prolia® and Xgeva® in the U.S. and Europe. Alvotech raises topline revenue guidance to $400-$500 million and tightens guidance for bottom line range for 2024 to $100-$150 million. Management will conduct a business update conference call and live webcast on Wednesday May 22, 2024, at 8:00 am ET (12:00 pm GMT) Alvotech (NASDAQ: ALVO, or the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today reported unaudited financial results for the first three months of 2024 and provided a summary of recent corporate highlights. “This year is turning out to be the busiest in Alvotech's history. We secured U.S. Food and Drug Administration (FD
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News
- Alvotech and Stada add to strategic alliance through denosumab partnership [Seeking Alpha]Seeking Alpha
- Alvotech and STADA add to strategic alliance through denosumab partnership [Yahoo! Finance]Yahoo! Finance
- Alvotech and STADA add to strategic alliance through denosumab partnershipGlobeNewswire
- Alvotech enters refinancing agreement with $965M term loan facility [Seeking Alpha]Seeking Alpha
- Alvotech Announces Strategic Refinancing Agreement [Yahoo! Finance]Yahoo! Finance
ALVO
Earnings
- 5/21/24 - Miss
ALVO
Sec Filings
- 6/14/24 - Form 6-K
- 6/14/24 - Form 424B5
- 6/11/24 - Form 6-K
- ALVO's page on the SEC website