Alvogen

From WikiMD's medical encyclopedia


Overview

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Alvogen is a multinational pharmaceutical company that develops, manufactures, and markets generic, brand, over-the-counter (OTC), and biosimilar products. The company is known for its focus on complex generics and specialty pharmaceuticals.

History

Alvogen was founded in 2009 by Robert Wessman, a prominent figure in the pharmaceutical industry. The company quickly expanded its operations globally, establishing a presence in over 35 countries. Alvogen's headquarters are located in Morristown, New Jersey, United States.

Products and Services

Alvogen's product portfolio includes a wide range of pharmaceuticals, including:

  • Generic drugs: Alvogen produces a variety of generic medications that are bioequivalent to brand-name drugs, offering more affordable options to patients.
  • Biosimilars: The company is involved in the development of biosimilar products, which are highly similar to already approved biological medicines.
  • Over-the-counter (OTC) products: Alvogen markets several OTC products that are available without a prescription.
  • Specialty pharmaceuticals: These include medications for complex or rare conditions that require special handling or administration.

Global Presence

Alvogen operates in multiple regions, including North America, Europe, and Asia. The company has manufacturing facilities and research and development centers strategically located to support its global operations.

Research and Development

Alvogen invests significantly in research and development (R&D) to innovate and bring new products to market. The company's R&D efforts focus on developing complex generics and biosimilars, as well as improving existing formulations.

Corporate Social Responsibility

Alvogen is committed to corporate social responsibility (CSR) and sustainability. The company engages in various initiatives to reduce its environmental impact and contribute positively to the communities in which it operates.

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Contributors: Prab R. Tumpati, MD