Securing US Food and Drug Administration approval for its CHS-201 biosimilar Lucentis (ranibizumab) candidate will make a $50m loan payment available to Coherus BioSciences, Inc., under a broader $300m credit facility agreed with investment funds managed by Pharmakon Advisors.
Coherus Inks $300m Credit Agreement With Ranibizumab Approval Worth $50m
US Biotech Also Reveals Latest Progress With On-Body Pegfilgrastim Injector
Presenting at the 40th Annual J.P. Morgan Health Care Conference, Coherus BioSciences provided the latest on the firm’s highly-anticipated proposed on-body injector device for pegfilgrastim, days after securing a $300m credit agreement that includes $50m related to the firm’s proposed ranibizumab biosimilar.
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