ALVOW

ALVOW is a warrant on Alvotech, an Iceland-based biotech company that develops and makes biosimilars. Biosimilars are lower-priced copies of expensive biologic drugs whose patents have expired. A warrant is a contract that lets its holder buy Alvotech shares at a fixed price in the future. It pays no dividends and has no business of its own, so its value depends on Alvotech's share price and the time left before it expires.