tiprankstipranks
Teva discloses FDA Complete Response Letter to partner Alvotech for AVT02
The Fly

Teva discloses FDA Complete Response Letter to partner Alvotech for AVT02

The company states: "Teva Pharmaceutical (TEVA) announced that the FDA has issued a complete response letter to its partner Alvotech (ALVO) for the Biologics License Application for AVT02, a high-concentration biosimilar candidate for Humira(R) (adalimumab). The CRL stated that the application could not be approved at this time based on deficiencies associated with Alvotech’s manufacturing facility that must be satisfactorily resolved. Additional review of the details following the recent FDA’s re-inspection and CRL are being assessed to determine next steps. While this outcome is disappointing, Teva remains fully committed to its leadership in biosimilars and the partnership with Alvotech. The Company remains optimistic about additional compounds in the pipeline and further progress with AVT02."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on ALVO:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles