Why Coherus BioSciences Stock Jumped Today [Yahoo! Finance]
Coherus BioSciences, Inc. (CHRS)
Last coherus biosciences, inc. earnings: 2/27 04:01 pm
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Source: Yahoo! Finance
On the positive fallout of Coherus' recent divestment In a press release late yesterday, Coherus announced it has entered into an agreement with Pharmakon Advisors to revise the terms of its loan agreement entered in January 2022. After Coherus closes the previously announced divestiture of its noncore ophthalmology business to Sandoz Group , it plans to prepay $175 million of its $250 million principal balance under its loan in the second quarter of 2024. That will leave a balance of $75 million remaining on the loan and reduce Coherus' projected annual interest payments by around 70%. The news shouldn't be entirely surprising; when Coherus announced the divestiture two weeks ago -- which included a $170 million up-front cash payment from Sandoz plus an additional amount (to be determined at closing) for working capital adjustments and Cimerli product inventory -- CEO Denny Lanfear told investors the company would use the proceeds "to pay down debt, reduce interest costs, and ta
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News
- Coherus to Report First Quarter 2024 Financial Results on May 9, 2024GlobeNewswire
- Drug Delivery Technologies market is projected to grow at a CAGR of 5.5% by 2034: Visiongain [Yahoo! Finance]Yahoo! Finance
- Coherus Announces Presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Coherus Announces Presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual MeetingGlobeNewswire
- Investors in Coherus BioSciences (NASDAQ:CHRS) have unfortunately lost 83% over the last five years [Yahoo! Finance]Yahoo! Finance
CHRS
Earnings
- 3/13/24 - Miss
CHRS
Analyst Actions
- 3/18/24 - HC Wainwright
CHRS
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEF
- CHRS's page on the SEC website