Advanz Pharma inks deal with Alvotech to commercialize Xolair biosimilar

6 February 2023

Privately-held Advanz Pharma has announced that it has entered into an exclusive agreement with Alvotech (Nasdaq: ALVO), an Icelandic biosimilars company, for the exclusive license and supply rights for a proposed copy of Xolair (omalizumab).

Advanz, a UK-headquartered global pharmaceutical company with a strategic focus on speciality, hospital, and rare disease medicines in Europe, will be responsible for registration and commercialization in the European Economic Area, the UK, Switzerland, Canada, Australia, and New Zealand.

Alvotech will be responsible for the development and commercial supply.

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