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Alvotech and Kashiv Biosciences Ink Exclusive License for AVT23 (ADL018) Omalizumab Biosimilar

Oct 3, 2023

Alvotech announced it has partnered with Kashiv Biosciences for an exclusive licensing agreement concerning AVT23 (ADL018), a proposed biosimilar to Novartis/Genentech’s Xolair®, extending across 27 EU countries, the UK, Australia, Canada, and New Zealand.  Alvotech will receive exclusive commercialization rights, and Kashiv will oversee development and manufacturing.

On 2 October 2023, Kashiv announced it had enrolled its first patient in a phase III study for ADL018.