Alvotech and Finesse enter into biosimilars collaboration

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Alvotech and Finesse enter into biosimilars collaboration

Biosimilars/News | Posted 04/04/2014 0 Post your comment

Iceland-based biopharmaceutical company Alvotech and US-based bio-process management company Finesse Solutions (Finesse) announced on 14 March 2014 that they had entered into a partnership for bio-manufacturing.

The collaboration will provide Alvotech with world-class, scalable, flexible and cost-efficient manufacturing and laboratory technology through the Finesse turnkey SmartFactory good manufacturing practice (GMP) manufacturing platform suite. SmartFactory is a single-use GMP bio-manufacturing capacity, which will allow Alvotech to rapidly expand its biosimilars business. Finesse, on the other hand, will benefit from gaining unprecedented access to Alvogen’s commercial, FDA approved, bio-manufacturing facility.

The collaboration, according to Alvotech CEO, Dr Andreas Herrmann, provides the company ‘with much-needed additional manufacturing capacity and scale-up capabilities’. This fits with the company’s ambitions to become a global leader in the biologicals industry. The first manufacturing suite is expected to be in place by the end of 2015.

The partnership also capitalizes on the flexibility afforded by Finesse’s SmartFactory, enabling the companies to implement cutting-edge, innovative solutions for established and development-stage biosimilars processes.

Alvotech is a sister company of US generics company Alvogen. The company offers its biologicals manufacturing capabilities to its partners and cooperates in the commercialization of its own developed biosimilar pipeline. Alvotech has invested US$250 million to build a plant in Reykjavik, Iceland, for the development and manufacture of a portfolio of biosimilar monoclonal antibodies [1], which is expected to open in early 2016.

Reference

1. GaBI Online - Generics and Biosimilars Initiative. Alvotech invests US$250 million in biosimilars [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2014 Apr 4]. Available from: www.gabionline.net/Biosimilars/News/Alvotech-invests-US-250-million-in-biosimilars

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