Revenue Growth and Product Performance
Alvotech achieved a 30% year-on-year revenue growth in the first half of 2025, totaling $306 million, with strong product revenues of $205 million driven by increased sales of biosimilars to Humira and STELARA.
Positive Cash Flow and Operational Efficiency
The company generated $77 million of positive cash flow from operations in the first half, a net improvement of $161 million year-on-year, marking the strongest quarter for operating cash flow in Alvotech's history.
Biosimilar Market Expansion
Alvotech's biosimilar to Humira, SIMLANDI, achieved over 40% share of the U.S. Humira market, and its biosimilar to STELARA, SELARSDI, captured over 20% of the U.S. market with continued strong performance in Europe.
Strategic Partnerships and Acquisitions
Alvotech expanded partnerships with Advanz Pharma and Dr. Reddy's, licensed rights to multiple biosimilar candidates, and completed the acquisition of Ivers-Lee in Switzerland and the R&D operation of Xbrane in Sweden.