Alvotech announced it has partnered with Kashiv Biosciences for an exclusive licensing agreement concerning AVT23 (ADL018), a proposed biosimilar to Novartis/Genentech’s Xolair®, extending across 27 EU countries, the UK, Australia, Canada, and New Zealand. Alvotech will receive exclusive commercialization rights, and Kashiv will oversee development and manufacturing.
On 2 October 2023, Kashiv announced it had enrolled its first patient in a phase III study for ADL018.