Expansion of our cutting-edge biosimilar facility in Reykjavik
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USD 100mExpansion of our cutting-edge biosimilar facility in Reykjavik continues apace.
Construction work on the extension to Alvotech's innovation and manufacturing facility is progressing swiftly.
Rising just behind Alvotech's headquarters in the University's Science Park.
The extension will double Alvotech's current 12,500 m2 to a total of 25,000 m2.
Providing greater capacity for Alvotech's growing portfolio of biosimilar medicines.
The extension will also provide University of Iceland scientists with access to fully equipped research laboratories.
Construction is being managed by Aztiq's real estate subsidiary Eyjólfur.
It‘s financed by Aztiq, which is investing 12 billion ISK (nearly $100m USD) in the project.
Alvotech is an important engine of innovation and growth at the University Science Park, and employs 450 people from 45 countries.
Aztiq´s mission is to provide access to the highest quality medicines to people and patients worldwide.
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