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Coherus Marks Exit From Biosimilars By Completing Udenyca Divestment

Accord BioPharma Takes Charge Of Pegfilgrastim Franchise In US

 
• By Dave Wallace

Coherus has officially marked its exit from biosimilars by completing the divestment of its Udenyca pegfilgrastim franchise. Meanwhile, buyer Accord BioPharma has set out how it expects to benefit not only from a growing asset but also from the Coherus personnel that have moved over.

Coherus has exited the biosimilars arena (Shutterstock)

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...

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