Alvotech announces launch of Gobivaz, a biosimilar for Simponi, supported by NHS England tender in the UK.
Quiver AI Summary
Alvotech has announced the launch of its biosimilar Gobivaz® (golimumab), the first biosimilar to Simponi® worldwide, in Europe, supported by a tender award from NHS England in the UK. This tender facilitates the integration of Gobivaz into NHS services, enhancing access to high-quality biologic treatments for immune-mediated inflammatory diseases. Gobivaz, which comes in prefilled syringes and autoinjectors, is manufactured in Iceland and has undergone extensive studies to demonstrate its biosimilarity to the original Simponi product. Alvotech emphasizes its commitment to providing effective and cost-efficient biosimilar medicines and plans to expand availability across EEA markets.
Potential Positives
- Gobivaz® is the first marketed biosimilar to Simponi® worldwide, which positions Alvotech as a leader in the biosimilar market.
- The introduction of Gobivaz in the United Kingdom is supported by an NHS England tender award, providing a structured framework for its adoption in NHS services.
- The approval and launch of Gobivaz demonstrate Alvotech's commitment to enhancing patient access to high-quality biologic treatments for immune mediated inflammatory diseases.
- Alvotech has a robust pipeline, with five approved biosimilars and nine additional candidates, showcasing its growth potential in the biotechnology sector.
Potential Negatives
- The press release heavily emphasizes the approval and commercialization of Gobivaz, which could raise expectations for its market performance, potentially leading to disappointment if sales do not meet the projected targets.
- The mention of "forward-looking statements" introduces uncertainty, suggesting that actual results may differ materially from the company’s projections, which could undermine investor confidence.
- The reliance on partnerships, such as with Advanz Pharma for commercialization, may expose Alvotech to risks associated with third-party performance and market dynamics outside of its direct control.
FAQ
What is Gobivaz and its significance?
Gobivaz (golimumab) is the first marketed biosimilar to Simponi, providing a key treatment option for inflammatory diseases.
How is Gobivaz supported in the UK?
The introduction of Gobivaz in the UK is supported by an NHS England tender award, aiding its adoption in healthcare services.
Who is commercializing Gobivaz in Europe?
Gobivaz is being exclusively commercialized in Europe by Alvotech’s partner, Advanz Pharma Holdco Limited.
What studies supported the approval of Gobivaz?
Approval of Gobivaz was supported by comprehensive analytical, pre-clinical, and clinical studies demonstrating its biosimilarity to the reference product.
Where is Gobivaz manufactured?
Gobivaz is manufactured at Alvotech’s facility located in Iceland.
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 $ALVO stock to their portfolio, and 25 decrease their positions in their most recent quarter.
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$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 (December 22, 2025) — 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.