Save billions or stick with Humira? Drug brokers steer Americans to the costly choice [Los Angeles Times (CA)]
Coherus BioSciences, Inc. (CHRS)
Last coherus biosciences, inc. earnings: 2/27 04:01 pm
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Source: Los Angeles Times
So when nine Humira knockoffs, known as biosimilars, hit the market for as little as $995 a month, the opportunity for savings appeared ample and immediate. But it isn't here yet. Makers of biosimilars must still work within a healthcare system in which basic economics rarely seems to hold sway. For real competition to take hold, the big pharmacy benefit managers, or PBMs, the companies that negotiate prices and set the prescription drug menu for 80% of insured patients in the United States, would have to position the new drugs favorably in health plans. They haven't, though the logic for doing so seems plain. Humira has enjoyed high-priced U.S. exclusivity for 20 years. Its challengers could save the healthcare system $9 billion and herald savings from the whole class of drugs called biosimilars — a windfall akin to the hundreds of billions saved each year through the purchase of generic drugs. The biosimilars work the same way as Humira, an injectable treatment for rheumat
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News
- Coherus BioSciences Announces New Employment Inducement GrantsGlobeNewswire
- Coherus Completes Surface Oncology AcquisitionGlobeNewswire
- Coherus BioSciences to Participate at Upcoming September Investor ConferencesGlobeNewswire
- Coherus BioSciences Announces New Employment Inducement GrantsGlobeNewswire
- Coherus BioSciences, Inc. (NASDAQ: CHRS) had its price target lowered by analysts at HC Wainwright from $24.00 to $20.00.MarketBeat
CHRS
Earnings
- 8/2/23 - Beat
CHRS
Sec Filings
- 9/12/23 - Form 8-K
- 9/12/23 - Form 424B5
- 9/8/23 - Form 8-K
- CHRS's page on the SEC website