Iceland-based biopharmaceutical company Alvotech, a sister company of US generics company Alvogen, is set to open its state-of-the-art 11,800 square meter development and manufacturing facility for biosimilars in June 2016.
Alvogen opening biosimilars plant in Iceland
Biosimilars/News | Posted 17/06/2016 1 Post your comment
Alvotech began construction on the purpose-built plant in the science park of the University of Iceland in Reykjavik back in November 2013 [1]. Iceland was chosen as a logical place for Alvogen’s biosimilars business, due to its favourable environment with a strong regulatory system, low operating costs, a great talent pool, high quality standards and a convenient geographical location between the European Union and the US that is within easy reach of the rest of the world. The new facility is expected to create around 200 jobs and will include 12 disposable bioreactors, along with filling and finishing capabilities for syringes and vials.
On 13 February 2014, Alvogen launched the infliximab biosimilar Inflectra in Central and Eastern Europe in collaboration with Hospira [2]. The company also has six of its own biosimilars in development and is investing over US$500 million in the development of its pipeline and its new development and manufacturing plant.
The company’s own biosimilars include versions of leading monoclonal antibody molecules, some of which are reported to be at an advanced development stage. Alvotech intends to bring the biosimilars to market by 2018.
Related articles
Pamplona investment group buys majority share in Alvolgen
Alvotech and Finesse enter into biosimilars collaboration
References
1. GaBI Online - Generics and Biosimilars Initiative. Alvotech invests US$250 million in biosimilars [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2016 Jun 17]. Available from: www.gabionline.net/Biosimilars/News/Alvotech-invests-US-250-million-in-biosimilars
2. GaBI Online - Generics and Biosimilars Initiative. Alvogen launches infliximab biosimilar in Europe [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2016 Jun 17]. Available from: www.gabionline.net/Biosimilars/News/Alvogen-launches-infliximab-biosimilar-in-Europe
Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.
Copyright – Unless otherwise stated all contents of this website are © 2016 Pro Pharma Communications International. All Rights Reserved.
Source: Alvotech
Posted 05/03/2023 by Narayan Yadav
Microbiology department
Any vacancies there for microbiology
Research
Budget impact analysis of Rixathon introduction in Chile for non-Hodgkin lymphoma
Biosimilars in inflammatory bowel disease: are we ready for multiple switches
General
Humira's resilience in the face of biosimilar competition
Boehringer Ingelheim to expand access to adalimumab biosimilar
Comments (1)
Post your comment