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CHRS

Coherus BioSciences, Inc. · NASDAQ · Healthcare

Price$1.01-3.81% · −$0.04

Market cap156.05MEquity value

P / E-0.9Trailing ratio

Volume641.45KLatest session

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CHRSDec 3, 2024-17.99% since signal

Why Is Coherus BioSciences Stock Trading Higher On Tuesday?

Coherus divests Udenyca for up to $558.4 million. Proceeds will repay $230 million in convertible notes. Coherus aims to focus on its immuno-oncology portfolio. Phase 2 trials for new cancer treatments begin in late 2024. CHRS stock rose 41.6% following the announcement.

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