Form 8-K Coherus BioSciences, For: Dec 26

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Coherus BioSciences (CHRS) surges on FDA Udenyca delivery system approval

December 27, 2023 7:57 AM EST

Shares of Coherus BioSciences (NASDAQ: CHRS) surged 35% in trading on Wednesday after the company announced the U.S. Food and Drug Administration (FDA) approved its UDENYCA ONBODY product.

UDENYCA ONBODY is the company's on-body injector (OBI) presentation of UDENCYA, designed for a five-minute injection time. The device features an automatic retractable needle mechanism.

"The on-body... More