It’s official: Coherus BioSciences is finally out of the biosimilars business. The company has marked the end of a long road to transition from being a biosimilars player to an innovative immuno-oncology developer by completing a transaction to offload its final biosimilar asset, its Udenyca (pegfilgrastim-cbqv) rival to Neulasta, to Accord BioPharma.
Having announced the transaction – which is worth up to $558m, including an upfront payment of $483m along with two sales-based milestones of $37.5m each – late last year, Coherus had more recently indicated in March that it was
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