Alvotech stock gains on deals for J&J s Stelara (NASDAQ:ALVO)
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Alvotech Announces Expected Global Market Entry Dates for AVT04 Biosimilar to Stelara® (ustekinumab)
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Alvotech (ALVO) Announces Expected Global Market Entry Dates for AVT04
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The deals allow Alvotech's biosimilar, or near copies of a biological drug, to enter the Canadian market in the first quarter of this year and Japan in May. Entry to the first European markets is expected after late July. Stelara has been J&J's top-selling drug since 2019, but its key patents began to expire last year.