2024 a record year for Alvotech

2024 marked the year that Alvotech truly became a product company on the global stage. Total revenue reached $492 million, representing a 427% increase over prior year.

These record results were driven by product revenues of $273 million, representing a 462% increase over prior year as a growing number of products reached the market in multiple major geographies, and by milestone payments from the company's network of partners as its pipeline advances.