Alvotech (NASDAQ:ALVOW – Get Free Report) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.30 and traded as low as $0.1999. Alvotech shares last traded at $0.1999, with a volume of 1,810 shares.
Alvotech Stock Down 52.4%
The company’s fifty day moving average price is $0.36 and its 200 day moving average price is $0.30.
Alvotech Company Profile
Alvotech is a biotechnology company focused on developing and manufacturing biosimilar medicines. Biosimilars are biologic products designed to be highly similar to approved reference medicines and may provide additional treatment options in areas with significant healthcare costs. The company’s portfolio targets therapeutic categories including immunology, ophthalmology, oncology and other chronic conditions.
Alvotech operates an integrated business model that covers biosimilar research, cell-line development, process development, clinical testing and commercial-scale manufacturing.
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