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Coherus’ Pegfilgrastim Sales Fall $150m In 2021 As Firm Plans On-Body

Pegfilgrastim Revenues Set To Slide Again In 2022 Amid Challenging Market

 
• By Dean Rudge

Coherus BioSciences has posted a massive loss for 2021 due to tumbling revenues, as well as continued investment in its pipeline projects, not least the proposed on-body injector device for its pegfilgrastim biosimilar alongside a ranibizumab asset.

A Businessperson Stopping Colorful Dominoes From Falling On Desk
Coherus is aiming to stop falling sales with new launches • Source: Alamy/Andriy Popov

Sustained pricing and volume pressures led sales of Coherus BioSciences’ sole marketed product, the Udenyca (pegfilgrastim-cbqv) pre-filled syringe biosimilar, to tumble by 31% to $327m last year. Moreover, the company predicts, continuing unfavorable market conditions will lead the product’s revenues to fall even lower in 2022.

“Our strategy is to balance price and market share, to optimize long term revenues with the pre-filled syringe format in 2022 and then gain significant share through accessing the untapped on-body segment in 2023,”

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