Coherus Bioscien Stock Price, News & Analysis

Coherus BioSciences (CHRS) will release its second quarter 2022 financial results after market close on August 4, 2022. The management will host a conference call at 5 p.m. ET to discuss these results and provide a business update. Investors can access the results on the Coherus website post-release. The call can be joined through specific dial-in numbers provided for both U.S. and international participants. Early connection is advised for attendees.

The FDA has accepted Coherus BioSciences’ Biologics License Application (BLA) for toripalimab, targeted for patients with advanced nasopharyngeal carcinoma (NPC). A decision is expected by December 23, 2022. Toripalimab aims to be the first approved immunotherapy for NPC in the U.S. and is crucial for patients facing unmet medical needs. The anticipated launch is set for Q1 2023, pending FDA approval. The drug is supported by positive Phase 2 and 3 clinical trial results, emphasizing its potential as a key oncology product for Coherus.

Coherus BioSciences, Inc. (CHRS) announced the granting of stock options to 16 new employees as of June 16, 2022. A total of 409,000 shares were made available, with a per-share exercise price of $5.86, the closing price on the grant date. The options include 200,000 shares for a Chief level executive and 45,000 shares for a Vice President, while 14 non-officer employees received a combined total of 164,000 shares. This initiative is part of the 2016 Employment Commencement Incentive Plan aimed at attracting new talent.

Coherus Biosciences has appointed Dr. Jill O’Donnell-Tormey, a leader in cancer immunotherapy, to its Board of Directors. With over 30 years at the Cancer Research Institute, she will also serve on the Nominating and Corporate Governance Committee. CEO Denny Lanfear emphasized her experience in advancing immunotherapies. Dr. O’Donnell-Tormey expressed enthusiasm for helping Coherus deliver new cancer treatments. Coherus is focused on building a robust immuno-oncology franchise, with upcoming product launches including YUSIMRY™, aiming to enhance patient outcomes.

Coherus BioSciences (Nasdaq: CHRS) announced its participation in three investor conferences in May 2022. The BofA Securities 2022 Healthcare Conference will occur on May 12 at 3:00 p.m. ET, followed by the UBS Global Healthcare Conference on May 24 at 2:00 p.m. ET, and the H.C. Wainwright Global Investment Conference on May 25 at 9:00 a.m. ET. Audio webcasts of each presentation will be available on the Coherus investors’ page, with archived access for 30 days.

Coherus BioSciences (CHRS) reported Q1 2022 net sales of UDENYCA® at $60.1 million, down from $83 million in Q1 2021, attributed to increased competition. The company plans to resubmit the toripalimab BLA by mid-summer after addressing a complete response letter from the FDA. CIMERLI™ is advancing, with an action date set for August 2, 2022. R&D and SG&A expense guidance has been reduced by $20 million to $395-$430 million for the year. Coherus reported a net loss of $96.1 million in Q1 2022, improving from a $172.9 million loss in Q1 2021.

Coherus BioSciences, Inc. (NASDAQ: CHRS) has appointed Charlie Newton, a notable biotech strategist and CFO, to its Board of Directors. With nearly three decades of experience in healthcare investment banking, Newton is expected to enhance Coherus' immuno-oncology strategy. CEO Denny Lanfear recognizes his expertise in building shareholder value. Coherus is focusing on capitalizing on its commercial portfolio and advancing its pipeline, including a resubmission of a BLA for toripalimab to treat advanced nasopharyngeal carcinoma by mid-summer 2022.

Coherus BioSciences (CHRS) announced on April 27, 2022, the granting of stock options to 13 new employees totaling 240,000 shares. The options have an exercise price of $9.28, matching the closing trading price on that date. Among the granted options, two Vice Presidents received 45,000 shares each, while another received 50,000 shares. The remaining 100,000 shares were allocated to ten non-officer employees. This initiative is part of the 2016 Employment Commencement Incentive Plan to attract new talents to the company.

Coherus BioSciences (Nasdaq: CHRS) and Junshi Biosciences announce the FDA's complete response letter (CRL) regarding their Biologics License Application (BLA) for toripalimab, aimed at treating advanced nasopharyngeal carcinoma (NPC). The CRL requests a quality process change, which both companies believe is manageable. They plan to resubmit the BLA by mid-summer 2022, followed by a six-month FDA review timeline. Inspections in China for FDA approval are delayed due to COVID-19 restrictions. If approved, toripalimab will be the first immuno-oncology agent for NPC in the U.S.