Search This Blog

Tuesday, December 3, 2024

Coherus to Divest UDENYCA® Franchise for up to $558 m

 - Coherus to focus exclusively on innovative immuno-oncology programs that include LOQTORZI®, an FDA approved, next-generation programmed cell death protein 1 (PD-1) inhibitor -

- Proceeds to fund development of key combination programs with LOQTORZI, including casdozokitug, a first-in-class, clinical-stage interleukin-27 (IL-27) antagonist, and CHS-114, a highly selective chemokine receptor 8 (CCR8) antibody -

- Post-closing proceeds to repay the entirety of the company’s $230 million convertible notes due April 2026 -

- Coherus management to host investor conference call today, Tuesday, December 3, 2024, at 8:00 a.m. Eastern Time -

Conference Call Information

When: Tuesday, December 3, 2024, starting at 8:00 a.m. Eastern Time

To access the conference call, please pre-register through the following link to receive dial-in information and a personal PIN to access the live call: https://register.vevent.com/register/BId14c70118ce44561902dd39c791136fa

Please dial in 15 minutes early to ensure a timely connection to the call.

Webcast Link: https://edge.media-server.com/mmc/p/ypqpachc

A replay of the webcast will be archived on the “Investors” section of the Coherus website at http://investors.coherus.com

https://www.globenewswire.com/news-release/2024/12/03/2990450/33333/en/Coherus-Announces-Agreement-to-Divest-UDENYCA-Franchise-for-up-to-558-million-to-Intas-Pharmaceuticals-Ltd.html

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.