Coherus BioSciences Inc (NAS:CHRS)

$ 1.78 0.02 (1.14%) Market Cap: 204.21 Mil Enterprise Value: 423.31 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 42/100

Coherus BioSciences Inc at Bank of America Global Healthcare Conference Transcript

May 11, 2023 / 05:15PM GMT

Release Date Price: $5.19 (-12.18%)

Transcript 10-Q8-K

Bhavin Patel

BofA Securities, Research Division - Team Developer

Yes. My name is Bhavin Patel, one of the biopharma analysts here at BofA. I'm here with Denny, CEO of Coherus.

Questions & Answers

Bhavin Patel

BofA Securities, Research Division - Team Developer

So to jump right into the Q&A. You reported 1Q, and the stock is down to about $5 a share trading at 52-week lows. And I wanted to get your thoughts on what do you think is the reason? And is it an overreaction to the maybe miss on UDENYCA?

Dennis M. Lanfear

Coherus BioSciences, Inc. - Chairman, President & CEO

Well, sure. I think it's a little overdone. Frankly, I've had better weeks than this week. But I think you have to put it in perspective in the long-term view of the company. Q1 was the last quarter in which we had only one undifferentiated presentation for UDENYCA. So this is a market in which we've said many times there was additional competitors and entrants. And that put significant pressure on competitive pricing dynamics and

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