Alvotech Warrant
ALVOW$0.70 +0.11 (18.64%)
Company News
Alvotech Successfully Places USD 108 Million Senior Unsecured Convertible Bonds in a Significantly Oversubscribed Offering
Alvotech raised $108 million through a convertible bond offering to fund R&D, scale manufacturing, and support global product launches, with strong investor interest and a 6.875% coupon rate.
Alvotech Shares Plunge 33% After FDA Flags Issues
Biotech company Alvotech received a complete response letter from the FDA for its biosimilar drug AVT05, citing manufacturing facility deficiencies. The company's stock dropped significantly, and it revised its 2025 revenue and EBITDA projections downward.
