Coherus Oncology Prices Public Offering at $1.75 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy CHRS?
Source: Newsfilter
- Offering Size: Coherus Oncology has announced a public offering of 28,600,000 shares at a price of $1.75 per share, with expected gross proceeds of approximately $50.1 million, which will support ongoing commercialization and clinical development efforts.
- Underwriter Selection: The offering is being managed by TD Cowen, Guggenheim Securities, and Oppenheimer & Co., reflecting market confidence in Coherus' stock and potentially enhancing investor expectations for the company's future growth.
- Use of Proceeds: The proceeds from the offering will be utilized to support the commercialization of LOQTORZI®, continue clinical development, and for general corporate purposes, indicating strategic decisions aimed at expanding the company's product line and market share.
- Additional Share Option: The underwriters have a 30-day option to purchase an additional 4,290,000 shares at the same offering price, which further enhances the flexibility and potential revenue of the offering.
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Analyst Views on CHRS
Wall Street analysts forecast CHRS stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.040
Low
4.00
Averages
5.50
High
7.00
Current: 2.040
Low
4.00
Averages
5.50
High
7.00
About CHRS
Coherus Oncology, Inc., formerly Coherus BioSciences, Inc., is a fully integrated commercial-stage oncology company with an approved PD-1 inhibitor, LOQTORZI, and a pipeline that includes two mid-stage clinical candidates targeting liver, lung, head & neck, and other cancers. LOQTORZI (toripalimab-tpzi) is its immuno-oncology franchise. LOQTORZI is the FDA-approved treatment indicated in combination with chemotherapy for recurrent or metastatic nasopharyngeal carcinoma (NPC) and is also in development for the treatment of additional tumor types. Its CHS-114 pipeline is a highly selective cytolytic CCR8 antibody that specifically binds and preferentially depletes CCR8+ tumor regulatory T cells (Tregs) with no off-target binding. Its Casdozokitug pipeline is a first-in-class, clinical-stage IL-27 antagonist, with demonstrated monotherapy activity in treatment-refractory NSCLC and clear cell renal cell carcinoma (ccRCC) and combination activity in hepatocellular carcinoma (HCC).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Coherus Oncology Prices Public Offering at $1.75 per Share
- Offering Size: Coherus Oncology has priced an underwritten public offering of 28.6 million shares at $1.75 per share, expecting to raise approximately $50.1 million in gross proceeds before fees and expenses, indicating the company's strong capital market capabilities.
- Underwriter Option: The company is also granting underwriters a 30-day option to purchase an additional 4.29 million shares at the same price, a strategy that may enhance market demand and liquidity for its stock.
- Use of Proceeds: The net proceeds will support the commercialization of LOQTORZI (toripalimab-tpzi), continue clinical development of its pipeline, and fund working capital and other general corporate purposes, demonstrating the company's strategic planning for future growth.
- Expected Closing Date: The offering is expected to close around February 17, 2026, subject to standard closing conditions, reflecting the company's cautious and forward-looking approach to capital operations.
See More
Coherus Oncology Prices Public Offering at $1.75 per Share
- Offering Size: Coherus Oncology has announced a public offering of 28,600,000 shares at a price of $1.75 per share, with expected gross proceeds of approximately $50.1 million, which will support ongoing commercialization and clinical development efforts.
- Underwriter Selection: The offering is being managed by TD Cowen, Guggenheim Securities, and Oppenheimer & Co., reflecting market confidence in Coherus' stock and potentially enhancing investor expectations for the company's future growth.
- Use of Proceeds: The proceeds from the offering will be utilized to support the commercialization of LOQTORZI®, continue clinical development, and for general corporate purposes, indicating strategic decisions aimed at expanding the company's product line and market share.
- Additional Share Option: The underwriters have a 30-day option to purchase an additional 4,290,000 shares at the same offering price, which further enhances the flexibility and potential revenue of the offering.
See More
Johnson & Johnson Partners with Coherus for Cancer Trial
- Clinical Trial Collaboration: Johnson & Johnson (JNJ) has agreed to supply Coherus Oncology (CHRS) with its bispecific antibody pasritamig to evaluate its combination with Coherus' monoclonal antibody tagmokitug for a phase 1b trial in metastatic castration-resistant prostate cancer, highlighting the synergistic potential in cancer treatment between the two companies.
- Trial Funding Arrangement: Coherus will sponsor the phase 1b clinical trial, which not only provides a crucial clinical validation opportunity for its product tagmokitug but also has the potential to enhance its market competitiveness through successful trial outcomes.
- Retention of Commercial Rights: Both companies will retain commercial rights to each other's compounds, whether as monotherapies or combination therapies, which helps facilitate independent brand development while laying the groundwork for future collaborations.
- Antibody Characteristics: Pasritamig is considered a T-cell engaging bispecific antibody, while tagmokitug is an anti-CCR8 cytolytic monoclonal antibody, and this technological combination may offer new treatment options for prostate cancer patients, further driving innovation in the biopharmaceutical sector for both companies.
See More
Oncolytics Biotech Strengthens Leadership Amid Oncology Market Surge
- Market Potential: The global oncology therapy market is projected to reach $668 billion by 2034, and Oncolytics Biotech is seizing investment opportunities through execution-focused registration study designs in this rapidly growing sector.
- Leadership Enhancement: Oncolytics Biotech appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President, Head of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy to advance the company's registration-directed programs in gastrointestinal cancers.
- Breakthrough Efficacy Data: The company reported that pelareorep achieved a 33% objective response rate in second-line KRAS-mutant microsatellite stable metastatic colorectal cancer patients, significantly surpassing the historical 6-11% response rate for chemotherapy alone, indicating its potential in difficult-to-treat populations.
- FDA Study Design Approval: Oncolytics Biotech has secured FDA alignment on its Phase 3 study design for pelareorep in first-line metastatic pancreatic cancer, marking the imminent launch of the only immunotherapy registration trial currently planned for this disease, further solidifying its market position.
See More
Oncolytics Biotech Strengthens Leadership for Oncology Trials
- Market Potential: The global oncology therapy market is projected to reach $668 billion by 2034, creating significant investment opportunities for Oncolytics Biotech as it capitalizes on execution-ready platforms in this rapidly growing sector.
- Leadership Strengthening: Oncolytics Biotech appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy, which is expected to accelerate the company's registration-directed programs in gastrointestinal cancers.
- Breakthrough Efficacy Data: The company reported that pelareorep achieved a 33% objective response rate in second-line KRAS-mutant microsatellite stable metastatic colorectal cancer patients, significantly exceeding the historical benchmark of 6-11% for chemotherapy alone, laying a strong foundation for future clinical applications.
- FDA Study Design Approval: Oncolytics Biotech has secured FDA alignment on its Phase 3 study design for pelareorep in first-line metastatic pancreatic cancer, marking the imminent launch of the only immunotherapy registration trial currently planned for this challenging therapeutic area, further solidifying its market position.
See More
Oppenheimer Initiates Coherus Oncology (CHRS) at Outperform with $10 Price Target
- Promise of Anti-CCR8 Antibody: Oppenheimer has upgraded Coherus Oncology (CHRS) to outperform, citing the significant potential of its anti-CCR8 monoclonal antibody tagmokitug for various cancers, with a price target of $10 representing a 529% upside from the January 22 close.
- Significant Stock Surge: Following Oppenheimer's rating, Coherus shares rose approximately 31% in Friday trading, reflecting strong market confidence in its new therapies and positive investor sentiment.
- Clinical Trial Advancements: Tagmokitug is currently in phase 2 trials as a fourth-line treatment for colorectal cancer and in phase 1 for head and neck squamous cell carcinoma, gastric, and esophageal cancers, indicating its potential for multiple applications in cancer treatment.
- Growth Potential in Combination Therapies: Analyst Jay Olson noted that Coherus' sole marketed product, Loqtorizi (toripalimab), a PD-1 inhibitor for nasopharyngeal carcinoma, could see growth as part of combination therapies, further enhancing the company's competitive position in the market.
See More
Coherus Oncology Prices Public Offering at $1.75 per Share
- Offering Size: Coherus Oncology has priced an underwritten public offering of 28.6 million shares at $1.75 per share, expecting to raise approximately $50.1 million in gross proceeds before fees and expenses, indicating the company's strong capital market capabilities.
- Underwriter Option: The company is also granting underwriters a 30-day option to purchase an additional 4.29 million shares at the same price, a strategy that may enhance market demand and liquidity for its stock.
- Use of Proceeds: The net proceeds will support the commercialization of LOQTORZI (toripalimab-tpzi), continue clinical development of its pipeline, and fund working capital and other general corporate purposes, demonstrating the company's strategic planning for future growth.
- Expected Closing Date: The offering is expected to close around February 17, 2026, subject to standard closing conditions, reflecting the company's cautious and forward-looking approach to capital operations.
See More
Coherus Oncology Prices Public Offering at $1.75 per Share
- Offering Size: Coherus Oncology has announced a public offering of 28,600,000 shares at a price of $1.75 per share, with expected gross proceeds of approximately $50.1 million, which will support ongoing commercialization and clinical development efforts.
- Underwriter Selection: The offering is being managed by TD Cowen, Guggenheim Securities, and Oppenheimer & Co., reflecting market confidence in Coherus' stock and potentially enhancing investor expectations for the company's future growth.
- Use of Proceeds: The proceeds from the offering will be utilized to support the commercialization of LOQTORZI®, continue clinical development, and for general corporate purposes, indicating strategic decisions aimed at expanding the company's product line and market share.
- Additional Share Option: The underwriters have a 30-day option to purchase an additional 4,290,000 shares at the same offering price, which further enhances the flexibility and potential revenue of the offering.
See More
Johnson & Johnson Partners with Coherus for Cancer Trial
- Clinical Trial Collaboration: Johnson & Johnson (JNJ) has agreed to supply Coherus Oncology (CHRS) with its bispecific antibody pasritamig to evaluate its combination with Coherus' monoclonal antibody tagmokitug for a phase 1b trial in metastatic castration-resistant prostate cancer, highlighting the synergistic potential in cancer treatment between the two companies.
- Trial Funding Arrangement: Coherus will sponsor the phase 1b clinical trial, which not only provides a crucial clinical validation opportunity for its product tagmokitug but also has the potential to enhance its market competitiveness through successful trial outcomes.
- Retention of Commercial Rights: Both companies will retain commercial rights to each other's compounds, whether as monotherapies or combination therapies, which helps facilitate independent brand development while laying the groundwork for future collaborations.
- Antibody Characteristics: Pasritamig is considered a T-cell engaging bispecific antibody, while tagmokitug is an anti-CCR8 cytolytic monoclonal antibody, and this technological combination may offer new treatment options for prostate cancer patients, further driving innovation in the biopharmaceutical sector for both companies.
See More
Oncolytics Biotech Strengthens Leadership Amid Oncology Market Surge
- Market Potential: The global oncology therapy market is projected to reach $668 billion by 2034, and Oncolytics Biotech is seizing investment opportunities through execution-focused registration study designs in this rapidly growing sector.
- Leadership Enhancement: Oncolytics Biotech appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President, Head of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy to advance the company's registration-directed programs in gastrointestinal cancers.
- Breakthrough Efficacy Data: The company reported that pelareorep achieved a 33% objective response rate in second-line KRAS-mutant microsatellite stable metastatic colorectal cancer patients, significantly surpassing the historical 6-11% response rate for chemotherapy alone, indicating its potential in difficult-to-treat populations.
- FDA Study Design Approval: Oncolytics Biotech has secured FDA alignment on its Phase 3 study design for pelareorep in first-line metastatic pancreatic cancer, marking the imminent launch of the only immunotherapy registration trial currently planned for this disease, further solidifying its market position.
See More
Oncolytics Biotech Strengthens Leadership for Oncology Trials
- Market Potential: The global oncology therapy market is projected to reach $668 billion by 2034, creating significant investment opportunities for Oncolytics Biotech as it capitalizes on execution-ready platforms in this rapidly growing sector.
- Leadership Strengthening: Oncolytics Biotech appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy, which is expected to accelerate the company's registration-directed programs in gastrointestinal cancers.
- Breakthrough Efficacy Data: The company reported that pelareorep achieved a 33% objective response rate in second-line KRAS-mutant microsatellite stable metastatic colorectal cancer patients, significantly exceeding the historical benchmark of 6-11% for chemotherapy alone, laying a strong foundation for future clinical applications.
- FDA Study Design Approval: Oncolytics Biotech has secured FDA alignment on its Phase 3 study design for pelareorep in first-line metastatic pancreatic cancer, marking the imminent launch of the only immunotherapy registration trial currently planned for this challenging therapeutic area, further solidifying its market position.
See More
Oppenheimer Initiates Coherus Oncology (CHRS) at Outperform with $10 Price Target
- Promise of Anti-CCR8 Antibody: Oppenheimer has upgraded Coherus Oncology (CHRS) to outperform, citing the significant potential of its anti-CCR8 monoclonal antibody tagmokitug for various cancers, with a price target of $10 representing a 529% upside from the January 22 close.
- Significant Stock Surge: Following Oppenheimer's rating, Coherus shares rose approximately 31% in Friday trading, reflecting strong market confidence in its new therapies and positive investor sentiment.
- Clinical Trial Advancements: Tagmokitug is currently in phase 2 trials as a fourth-line treatment for colorectal cancer and in phase 1 for head and neck squamous cell carcinoma, gastric, and esophageal cancers, indicating its potential for multiple applications in cancer treatment.
- Growth Potential in Combination Therapies: Analyst Jay Olson noted that Coherus' sole marketed product, Loqtorizi (toripalimab), a PD-1 inhibitor for nasopharyngeal carcinoma, could see growth as part of combination therapies, further enhancing the company's competitive position in the market.
See More
