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Stock impact report

Coherus Biosciences: Dumping One Drug But Showing Promise With Another [Seeking Alpha]

Coherus BioSciences, Inc. (CHRS) 
Last coherus biosciences, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.coherus.com
Company Research Source: Seeking Alpha
CHRS anti-IL-27 antibody, casdozokitug, shows promising results as part of a triple therapy in hepatocellular carcinoma, with an overall response rate of 38%. Numbers on market share point to a strong Q1'24 for Udenyca, which could increase the market's confidence that CHRS can offset lost revenues from the Cimerli sale. CHRS has data in H1'24 from a phase 1 trial of its anti-CCR8 antibody, CHS-114, in solid tumors, adding a catalyst to the calendar. Coherus Biosciences ( NASDAQ: CHRS ) has a pipeline of marketed drugs, including a new drug and biosimilars, but also a developmental pipeline. When I wrote about CHRS in January, I rated it a hold, noting a near-term catalyst of updated clinical data from casdozokitug in liver cancer, the launch of a new biosimilar product and the launch of its new drug. This article takes a look at the new clinical data and developments since, which have led me to upgrade my rating from hold to buy. CHRS sells Cimerli Since my last article we Show less Read more
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