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Alvotech Obtains New $100 Million Financing for R&D, New Product Launches

MT Newswires·01/01/2026 01:28:11
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01:28 AM EST, 01/01/2026 (MT Newswires) -- Alvotech (ALVO.IC, ALVO-SDB.ST) said Wednesday it secured a new two-year senior term loan facility worth $100 million. The financing, led by GoldenTree Asset Management, has an interest rate of 12.50% and will mature in December 2027. The biosimilar-focused biotechnology company will use the facility to support its research and development pipeline and the launch of new products in 2026.