Tag: China

QINGDAO, China, June 18, 2026 (GLOBE NEWSWIRE) -- From June 15 to 17, the 7th Qingdao Multinationals Summit convened successfully. Centered on the theme "Multinationals and China: Navigating the 15th Five-Year Plan Toward Embrace Innovation and Shape the Future Together," the summit attracted 357 multinational corporations from 44 countries and regions, gathering 435 corporate guests in Qingdao.

REYKJAVIK, ICELAND (June 18, 2026) — Alvotech (NASDAQ: ALVO; ALVO-SDB) (“Alvotech” or the “Company”), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the closing on June 17, 2026 of its previously announced underwritten public offering (the “Offering”) of 26,066,667 of its ordinary shares at an offering price of $3.75 per share, which includes 3,400,000 ordinary shares issued pursuant to the exercise in full by the underwriters of their option to purchase additional ordinary shares in the Offering. All ordinary shares sold in the Offering were offered by Alvotech. Before deducting the underwriting discounts and commissions and offering expenses, the aggregate gross proceeds to the Company were approximately $98 million.