A ground-breaking ceremony for the extension of Alvotech's high-tech centre in Reykjavík took place today. Robert Wessman, Chairman of the Board, Dagur B. Eggertsson, Mayor of Reykjavik and Jon Atli Benediktsson, Rector of the University of Iceland, took the first shoveling together with key employees who have been involved in the project.
The extension, which will be 12,500 m2, is almost a doubling of Alvotech's current facilities in the University of Iceland's Science Parks, and expected to be completed by the end of 2022.
The expansion of the centre is a continuation of a journey that began in 2013 with the establishment of Alvotech, but shortly afterwards the construction of the company's high-tech centre began in Reykjavik. The extension will house biosimilar development, drug refills, offices and warehouses, in addition to facilities that the company will provide to the University of Iceland's Biotechnology Department, continuing the vigorous collaboration with the university. The facilities will enable the university to further strengthen the master's program in industrial biotechnology and provide more students with internships at the company.