ATLANTA, April 18, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Alvotech ("Alvotech" or the "Company") ALVO complied with federal securities laws. On April 13, 2023, Alvotech disclosed that the FDA "issued a complete response letter ("CRL") for Alvotech's Biologics License Application" which noted certain deficiencies and stated that the FDA requires the deficiencies to be "satisfactorily resolved before the application can be approved." Following this news, the price of the Company's stock dropped.

If you purchased Alvotech stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at https://holzerlaw.com/case/alvotech/ to discuss your legal rights.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
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cholzer@holzerlaw.com