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Coherus Looks To Raise $200m Amid Coronavirus Impact

Comes As Firm Warns Of Possible COVID-19 Adversity

 
• By Dean Rudge

Coherus BioSciences plans to dip into the financing market once again in order to fuel its operations, which include several biosimilar candidates in late-stage clinical development. However, at the same time, the firm has acknowledged the damage the accelerating COVID-19 crisis could have on operations, if only for a short while.

Dollars
Coherus will use some of the proceeds for pipeline acquisitions or licenses • Source: Shutterstock

Coherus BioSciences has announced plans for a round of financing worth an initial $200m by issuing convertible senior notes, to be used in part for “for opportunistic pipeline acquisitions or licenses, working capital, and other general corporate purposes, which may include other debt repayment in the future.”

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