BUZZ-Coherus Oncology tumbles on planned equity offering

Reuters
02/13
BUZZ-Coherus Oncology tumbles on planned equity offering

** Coherus Oncology CHRS.O shares down 15% post-market at $1.73 as it looks to raise equity

** Redwood City, California-based firm announces stock offering without disclosing deal size

** It intends to use net offering proceeds to support ongoing commercialization of LOQTORZI (toripalimab-tpzi), its FDA-approved immunotherapy to treat adults with metastatic or recurrent locally advanced nasopharyngeal carcinoma, a rare type of head and neck cancer, and clinical development of product candidates

** TD Cowen, Guggenheim and Oppenheimer joint bookrunners

** Co has ~120.9 mln shares outstanding for about $240 mln market cap

** Stock on Thurs ended down 3 cents at $2.01. It's up ~42% YTD and has roughly doubled over the past six months

** 5 of 6 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $6, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10