Alvotech
Company

Last deal

$900M

Amount

Post-IPO Debt

Stage

07.06.2024

Date

3

all rounds

$1.66B

Total amount

date founded

Financing round

General

About Company
Alvotech is a biopharmaceutical company that develops and manufactures biosimilar medicines.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Alvotech Biosimilars

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

Established in 2013 by Róbert Wessman in Reykjavík, Gullbringusysla, Alvotech is committed to improving patient lives and the sustainability of the global healthcare ecosystem by increasing access to high-quality biosimilar medicines for various ailments. The company's mission is to broaden the availability and accessibility of biosimilars, with the goal of improving patient outcomes and quality of life.
Contacts

Phone number

Social url

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count Of Investments

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count Of Exists

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Financials

Funding Rounds
8
3

Number of Funding Rounds

$1.66B

Money Raised

Their latest funding was raised on 07.06.2024. Their latest round Post-IPO Debt

Date 
Funding Round 
Investors 
Money Raised 
Lead 
07.06.2024
$900M
31.07.2023
$100M
23.01.2023
$137M
Co-Investors
Investors
6
1

Number of lead investors

6

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
No
Venture - Series Unknown
No
Venture - Series Unknown

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People

Founders
1
Róbert Wessman
Róbert Wessman

Róbert Wessman

Róbert Wessman became the Executive Chairman of Alvogen in July 2009 and is now Chairman & CEO of the group. Since founding the business five years ago, Róbert has grown Alvogen from a small US business into an international pharmaceuticals company with commercial operations in 35 countries and with 2,300 employees. Róbert Wessmann is the founder of Alvotech. Under Wessman’s leadership, Alvogen has set a clear goal to become a top ten global generics player, and is making strong progress towards that ambition. Wessman’s vision to create an organisation which is able to respond to the needs of its customers has led to the development of a balanced yet specialised portfolio consisting of 500 marketed products, as well as a deep pipeline of high-value products in development.

current job

Adalvo
Adalvo

Róbert Wessman

Employee Profiles
20
Sarah Tanksley

Sarah Tanksley

Chief Quality Officer

Reem Malki

Reem Malki

Chief Quality Officer

Rakel Ottarsdottir

Rakel Ottarsdottir

Chief Information Officer

Sean Gaskell

Sean Gaskell

Chief Technical Officer

Philip Caramanica

Philip Caramanica

Chief IP Counsel and Deputy General Counsel

Joel Morales

Joel Morales

EVP & Chief Financial Officer

Ming Li

Ming Li

Chief Strategy Officer

Craig Svoboda

Global head intellectual property

Activity

Recent News
34
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week