Alvotech posts H1 net loss as manufacturing, quality upgrades curb product revenue, company says
Reuters2026/08/19 20:38- For the six months ended June 30, 2026, net loss totaled USD 65.79 million, swinging from profit of USD 141.72 million a year earlier.
- Revenue fell as manufacturing and quality system enhancements following the 2025 Reykjavik FDA inspection constrained product availability.
- Product and service revenue dropped 48% to USD 105.94 million, mainly from AVT02 and AVT04 sales through commercialization partners.
- License and other revenue rose to USD 105.7 million on development and regulatory milestones across the pipeline.
- Higher finance costs and sharply lower fair-value gains in finance income weighed on results; cash and equivalents ended at USD 142.8 million.
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