Alvotech and Cipla Gulf in deal for Humira biosimilar

29 July 2019

Privately-held Icelandic company Alvotech and a unit of India’s Cipla (BSE: 500087) have entered into an exclusive partnership for the commercialization of AVT02, an adalimumab biosimilar, in select emerging markets.

AVT02 is a monoclonal antibody (MAb) biosimilar to AbbVie's (NYSE ABBV) Humira, which is the world’s top-selling drug indicated for the treatment of several autoimmune diseases, with the branded drug generated sales of around $20 billion for AbbVie in 2018.

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