Coherus Oncology, Inc. Announces Pricing of Public Offering of Common Stock

Core Viewpoint - Coherus Oncology, Inc. has announced a public offering of 28,600,000 shares of common stock at a price of $1.75 per share, aiming to raise approximately $50.1 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The public offering price is set at $1.75 per share, with gross proceeds expected to be around $50.1 million before underwriting discounts and commissions [1]. - The company has granted underwriters a 30-day option to purchase an additional 4,290,000 shares at the public offering price [1]. - The offering is anticipated to close on or about February 17, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - Coherus plans to utilize the net proceeds from the offering to support the commercialization of LOQTORZI (toripalimab-tpzi), continue clinical development of its product candidates, and for working capital and other general corporate purposes [2]. Group 3: Company Overview - Coherus Oncology is a fully integrated commercial-stage innovative oncology company with an approved PD-1 inhibitor, LOQTORZI, and a pipeline that includes mid-stage clinical candidates targeting various cancers [5]. - The company's strategy focuses on growing sales of LOQTORZI in R/M nasopharyngeal carcinoma and advancing new indications in combination with its pipeline candidates and partners [5]. Group 4: Pipeline Information - Coherus' pipeline includes multiple antibody immunotherapy candidates aimed at enhancing immune responses to improve cancer treatment outcomes [6]. - Tagmokitug, a selective anti-CCR8 antibody, is currently in Phase 1b/2a studies for advanced solid tumors, while Casdozokitug, an IL-27 antagonistic antibody, is being evaluated in a Phase 2 study for first-line hepatocellular carcinoma [6].