other material
confidence high
sentiment neutral
materiality 0.75
Coherus recasts FY 2024/2023 financials for UDENYCA divestiture as discontinued operations
Coherus Oncology, Inc.
- UDENYCA sale to Intas completed April 11, 2025 for $483.4M upfront cash including $118.4M inventory.
- Company eligible for two additional $37.5M earn-out payments.
- Recast financials for FY 2024 and 2023 show biosimilar businesses (UDENYCA, YUSIMRY, CIMERLI) as discontinued operations.
- Recast is for incorporation into a Form S-3 registration statement filed Nov 13, 2025.
- No other events after 2024 10-K filing are reflected except discontinued ops presentation.