Alvotech announces launch of Gobivaz®, its first biosimilar to Simponi®, supported by NHS England tender in the UK.
Quiver AI Summary
Alvotech has announced the launch of Gobivaz® (golimumab), its biosimilar to Simponi®, in Europe, marking it as the first marketed biosimilar to Simponi worldwide. The introduction of Gobivaz in the UK is supported by a National Health Service (NHS) England tender award, which aims to enhance access to high-quality biologic treatments for immune-mediated inflammatory diseases. Gobivaz will be exclusively commercialized in Europe by Advanz Pharma and is produced at Alvotech's facility in Iceland. The approval of Gobivaz was backed by extensive studies confirming its biosimilarity to the reference product. The company, founded by Robert Wessman, is focused on leading the biosimilar market and has a pipeline of nine additional candidates targeting various health conditions.
Potential Positives
- First marketed biosimilar to Simponi worldwide, enhancing Alvotech's position in the biosimilar market.
- Launch supported by a National Health Service (NHS) England tender award, reflecting confidence in the product and improving access to treatments for patients in the UK.
- Demonstrates Alvotech's commitment to expanding high-quality biologic treatment options in Europe, with plans for availability across EEA markets.
- Strong development pipeline with nine disclosed biosimilar candidates, indicating future growth potential for the company.
Potential Negatives
- The press release includes a disclaimer about forward-looking statements, indicating that risks and uncertainties may lead to actual results differing significantly from expectations.
- The mention of competitive advantages and business prospects may create unrealistic expectations without providing concrete details on how these advantages will be achieved.
- The release does not disclose specific information about pricing, reimbursement, or market challenges, which may affect the commercial success of Gobivaz in Europe.
FAQ
What is AVT05?
AVT05, marketed as Gobivaz®, is Alvotech's biosimilar to Simponi® (golimumab), designed for treating immune mediated inflammatory diseases.
How has NHS England supported Gobivaz's introduction?
The introduction of Gobivaz is supported by an NHS England tender award, aiding its adoption in NHS services for better patient access.
Is Gobivaz available in Europe?
Yes, Gobivaz is being launched across Europe and will progress in alignment with national pricing and reimbursement processes.
What studies supported Gobivaz's approval?
Gobivaz was approved based on comprehensive analytical, pre-clinical, and clinical studies demonstrating its biosimilarity to the reference product Simponi.
What types of medicines does Alvotech develop?
Alvotech specializes in developing and manufacturing biosimilar medicines for various conditions, including autoimmune disorders and cancer treatment.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALVO Hedge Fund Activity
We have seen 40 institutional investors add shares of $ALVO stock to their portfolio, and 25 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HEIGHTS CAPITAL MANAGEMENT, INC removed 1,090,664 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $8,932,538
- GILDER GAGNON HOWE & CO LLC removed 195,345 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,599,875
- MORGAN STANLEY removed 182,224 shares (-51.0%) from their portfolio in Q3 2025, for an estimated $1,492,414
- NORGES BANK added 180,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,641,599
- ROYCE & ASSOCIATES LP removed 148,728 shares (-54.5%) from their portfolio in Q3 2025, for an estimated $1,218,082
- MARSHALL WACE, LLP added 136,859 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,120,875
- LEGAL & GENERAL GROUP PLC removed 130,874 shares (-19.9%) from their portfolio in Q3 2025, for an estimated $1,071,858
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ALVO Analyst Ratings
Wall Street analysts have issued reports on $ALVO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 11/18/2025
- Morgan Stanley issued a "Overweight" rating on 10/14/2025
To track analyst ratings and price targets for $ALVO, check out Quiver Quantitative's $ALVO forecast page.
$ALVO Price Targets
Multiple analysts have issued price targets for $ALVO recently. We have seen 5 analysts offer price targets for $ALVO in the last 6 months, with a median target of $10.0.
Here are some recent targets:
- Glen Santangelo from Barclays set a target price of $5.0 on 12/09/2025
- Ashwani Verma from UBS set a target price of $10.0 on 11/18/2025
- Niall Alexander from Deutsche Bank set a target price of $8.0 on 11/04/2025
- Thibault Boutherin from Morgan Stanley set a target price of $14.0 on 10/14/2025
Full Release
-
Introduction of AVT05 supported by NHS England tender award in the United Kingdom
REYKJAVIK, Iceland, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ: ALVO), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that launches are underway in Europe for Gobivaz® (golimumab), Alvotech’s biosimilar to Simponi® (golimumab), also known as AVT05 (prefilled syringe and autoinjector). Gobivaz is the first marketed biosimilar to Simponi worldwide. It is being commercialized exclusively in Europe by Alvotech’s partner, Advanz Pharma Holdco Limited (“Advanz Pharma”).
In the United Kingdom, the introduction of Gobivaz is supported by a National Health Service (NHS) England tender award. This procurement decision provides a defined framework for adoption within NHS services and reflects the system’s focus on improving access to high quality biologic treatment options for immune mediated inflammatory diseases.
Availability across EEA markets will progress in line with national pricing and reimbursement processes.
“We welcome the introduction of Gobivaz into clinical practice across Europe following its approval as the first biosimilar to Simponi worldwide,” said Robert Wessman, Chairman and Chief Executive Officer of Alvotech. “Our biosimilar represents an important treatment option for patients, and the NHS England tender supports our aim of expanding the availability of high-quality biologic medicines.”
Approval of Gobivaz was supported by comprehensive analytical, pre-clinical and clinical studies that demonstrated biosimilarity to the reference product. Gobivaz is available in the same presentations and dosage forms as Simponi and is manufactured at Alvotech’s facility in Iceland.
For further information, please contact:
Media
Benedikt Stefansson, VP Investor Relations and Global Communications
Sarah Macleod, Head of Global Communications
[email protected]
Investor Relations
Balaji Prasad, Chief Strategy Officer
Patrik Ling, VP Investor Relations Scandinavia (SE)
Benedikt Stefansson, VP Investor Relations and Global Communications (IS)
[email protected]
About Alvotech
Alvotech is a biotechnology company, founded by Robert Wessman, focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high-quality, cost-effective products and services, enabled by a fully integrated approach and broad in-house capabilities. Five biosimilars are already approved and marketed in multiple global markets, including biosimilars to Humira® (adalimumab), Stelara® (ustekinumab), Simponi® (golimumab), Eylea® (aflibercept) and Prolia®/Xgeva® (denosumab). The current development pipeline includes nine disclosed biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Alvotech has formed a network of strategic commercial partnerships to provide global reach and leverage local expertise in markets that include the United States, Europe, Japan, China, and other Asian countries and large parts of South America, Africa and the Middle East. For more information, please visit
https://www.alvotech.com
. None of the information on the Alvotech website shall be deemed part of this press release.
For more information, please visit our investor portal , and our website or follow us on social media on LinkedIn , Facebook , Instagram and YouTube .
Alvotech Forward Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include, for example, Alvotech’s expectations regarding competitive advantages, business prospects and opportunities including pipeline product development, future plans and intentions, regulatory submissions, review and interactions, the potential approval and commercial launch of its product candidates, the timing of regulatory approval, market launches and financial projections. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Alvotech and its management, are inherently uncertain and are inherently subject to risks, variability, and contingencies, many of which are beyond Alvotech’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents that Alvotech may from time-to-time file or furnish with the SEC. There may be additional risks that Alvotech does not presently know or that Alvotech currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, assurance, prediction or definitive statement of a fact or probability. Alvotech does not undertake any duty to update these forward-looking statements or to inform the recipient of any matters of which any of them becomes aware of which may affect any matter referred to in this communication. Alvotech disclaims any and all liability for any loss or damage (whether foreseeable or not) suffered or incurred by any person or entity as a result of anything contained or omitted from this communication and such liability is expressly disclaimed.