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Coherus Completes $50m Share Offer To Novel Partner Junshi Biosciences

Follows Immuno-Oncology Collaboration Agreement In February

 
• By Dean Rudge

Coherus BioSciences has sold a little under 2.5 million shares to partner Junshi Biosciences, giving the firm additional capital following a large debt financing last year.

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Junshi has acquired 2,491,988 Coherus shares for US$20.06 per share • Source: Shutterstock

Coherus BioSciences, Inc. has received a fresh $50m investment after completing the sale of a little under 2.5 million shares of newly-issued stock to Junshi Biosciences, the Chinese biotech that earlier this year partnered to drastically reshape Coherus’ biosimilar-orientated strategy.

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