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5 Icelandic BioTech Alvotech secures €100 million term loan facility to bolster liquidity and R&D investment

EU-Startups
Rahul Raj @ EU-Startups 2 place · today 02:36 EDT

Icelandic BioTech Alvotech secures €100 million term loan facility to bolster liquidity and R&D investment

Alvotech, a Reykjavík-based BioTech company specialising in the development and manufacture of biosimilar medicines, has secured a €100 million senior term loan facility to strengthen liquidity and support the execution of its strategic priorities in 2026. The term loan facility bears an interest rate of 12.50%, payable monthly in cash, and has a maturity date ...

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