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Coherus Aims To Pull Out $75m In Costs Amid Conservative 2023 Guidance

Three Launches Eyed Next Year, Alongside Recent Ranibizumab Biosimilar

 
• By Dean Rudge

Coherus BioSciences saw its Q3 revenues tumble by 45% as it arrived at the firm’s projected nadir. A swathe of launches and a cost-cutting program are targeted to bring the firm back to profitability in 2024.

Profit (Cagkan Sayin/Alamy Stock Photo)
Coherus is projecting a return to profitability in 2024 • Source: Shutterstock (Alamy Stock Photo)

With operating losses exceeding $205m in the first nine months of the year amid a long-expected inflection point for the company’s top line, Coherus BioSciences has announced plans to take out $75m in costs in 2023 in order to steady the ship ahead of new and future launches.

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