Alvotech and Advanz Pharma announce commercialisation agreement for Eylea biosimilar

Betsy Goodfellow | June 18, 2024 | News story | Sales and Marketing Advanz Pharma, Alvotech, Opthalmology, biosimilar 

Alvotech and Advanz Pharma have announced an exclusive partnership agreement surrounding the supply and commercialisation of AVT06, Alvotech’s proposed biosimilar to Eylea low dose (2mg), and AVT29, a biosimilar candidate for Eylea high dose (8mg).

Eylea is ‘a widely used biologic for the treatment of eye disorders, including diseases which can lead to vision loss or blindness, such as wet AMD, macular edema and diabetic retinopathy’, according to the press release.

Under the terms of this agreement, Alvotech will be responsible for the development and commercial supply of AVT06 and AVT29, while Advanz Pharma will be responsible for registration and commercialisation. Advanz Pharma has exclusive commercialisation rights in Europe, excluding Germany and France where the rights are only semi-exclusive.

Advertisement

This agreement includes an upfront payment to Alvotech along with subsequent payments on certain development and commercialisation milestones.

Anil Okay, chief commercial officer of Alvotech, commented: “We value our growing partnership with Advanz Pharma which started early last year and has now been expanded to a total of seven biosimilar candidates. We share a common vision for the growth of the biosimilars market and a strong commitment to providing broader patient access to more affordable biologics.”

Betsy Goodfellow

Related Content

Alvotech biosimilar receives EC marketing approval

The European Commission (EC) has granted marketing authorisation for Gobivaz, Alvotech’s first-in-market biosimilar of Simponi …

Boan Biotech completes enrolment for phase 3 study of Denosumab

Boan Biotech has announced that it has completed subject enrolment for its international multicentre comparative …

Alvotech and JAMP Pharma’s Jamteki gains marketing authorisation from Health Canada

Alvotech and JAMP Pharma have announced that Health Canada has granted JAMP Pharma marketing authorisation …

The Gateway to Local Adoption Series

Latest content