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flag Alvotech's stock plummeted 34% after FDA rejected its drug due to unresolved issues, prompting a fraud probe.

flag On November 16, 2025, Levi & Korsinsky LLP launched a securities fraud investigation into Alvotech (ALVO) over potential violations of federal securities laws following the company’s November 2, 2025, announcement that the FDA issued a Complete Response Letter for its drug ATV05, citing unresolved deficiencies despite a submitted corrective plan. flag The news caused Alvotech’s stock to drop over 34% to $5.03 by November 3. flag The firm is examining whether investors were misled about the drug’s approval prospects or regulatory compliance.

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