Shares of Alvotech (NASDAQ:ALVOW – Get Free Report) were down 15.8% during trading on Thursday . The company traded as low as $0.30 and last traded at $0.32. 1,917 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 4,639 shares. The stock had previously closed at $0.3799.
Alvotech Price Performance
The business’s 50-day moving average price is $0.21 and its 200 day moving average price is $0.25.
About Alvotech
Alvotech is a biopharmaceutical company specializing in the development and manufacturing of biosimilar medicines. Headquartered in Reykjavík, Iceland, the company focuses on creating high-quality, cost-effective alternatives to branded biologic therapies. Since its founding in 2013, Alvotech has built an integrated platform that spans research and development, clinical trials, regulatory submissions and commercial manufacturing.
Alvotech’s pipeline includes multiple biosimilar candidates addressing key therapeutic areas such as immunology, oncology and ophthalmology.
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