Alvotech and LOTTE Biologics announce US-based manufacturing agreement to increase global supply
Alvotech and LOTTE Biologics announced a long-term manufacturing partnership under which LOTTE will produce drug substance for multiple antibody biosimilar products at its Syracuse, New York facility for global supply. The companies said the collaboration could expand over time.
Why it matters — The agreement is intended to increase Alvotech’s global manufacturing capacity and support growth in demand for its biosimilar products.