Dr. Reddy’s Laboratories shares jump over 1% as European Commission approves biosimilar AVT03

📅 Published: November 25, 2025 | 📂 Category: Uncategorized

Dr. Reddy’s Laboratories secured European Commission approval for AVT03, a biosimilar to Prolia and Xgeva, for osteoporosis and bone complications. This significant milestone, following a positive CHMP recommendation, allows marketing across EU member states and EEA countries. Dr. Reddy’s, in partnership with Alvotech, will commercialize the drug under brands Acyvbra and Xbonzy.

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