Alvotech In-Licenses Xolair Rival From BiosanaPharma

Co-Development Deal Will See Pair Collaborate On Omalizumab Biosimilar

Alvotech has delivered on indications that it would look to collaborate on certain biosimilar opportunities in future, striking a licensing deal with BiosanaPharma that will see the two firms partner to co-develop an omalizumab biosimilar rival to Xolair.

Licensing Neon Sign Wall
The licensing deal targets a $3.3bn opportunity in Xolair • Source: kaarle dev / Alamy Stock Photo

Alvotech has delivered on recent indications that it would look to use in-licensing deals to supplement its in-house biosimilars pipeline, striking a licensing deal with BiosanaPharma that will see the two companies collaborate on co-developing a rival to Novartis/Genentech’s Xolair (omalizumab) asthma and spontaneous urticaria treatment.

The exclusive global licensing agreement will see Alvotech and BiosanaPharma co-develop the AVT23 candidate – also referred to under the...

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