Alvotech (NASDAQ:ALVOW – Get Free Report) is anticipated to post its results after the market closes on Wednesday, November 11th. Analysts expect Alvotech to announce earnings of ($0.0197) per share and revenue of $134.22 million for the quarter.
Alvotech Trading Down 49.1%
Shares of NASDAQ ALVOW opened at $0.15 on Wednesday. The company has a 50-day moving average price of $0.35 and a 200-day moving average price of $0.29. Alvotech has a 1 year low of $0.12 and a 1 year high of $1.14.
About Alvotech
Alvotech is a biotechnology company focused on developing and manufacturing biosimilar medicines. Biosimilars are biologic products designed to be highly similar to approved reference medicines and may provide additional treatment options in areas with significant healthcare costs. The company’s portfolio targets therapeutic categories including immunology, ophthalmology, oncology and other chronic conditions.
Alvotech operates an integrated business model that covers biosimilar research, cell-line development, process development, clinical testing and commercial-scale manufacturing.
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