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Shanghai Junshi Bio to Invest $50 Million in Coherus, its US Partner

publication date: Feb 2, 2021

Shanghai Junshi Bio will make a $50 million strategic investment in Coherus BioSciences, a San Francisco area biosimilar commercialization company. Yesterday, Coherus announced it would acquire US-China rights to Junshi's anti-PD-1 antibody (and several other candidates) in a deal worth up to $1.1 billion, including a $150 million upfront payment to Junshi. At the time, nothing was said about the $50 million Junshi investment in Coherus. Junshi's Tuoyi (toripalimab) is the first China-developed anti-PD-1 antibody approved in China. More details....

Stock Symbols: (HK: 1877; SH: 688180) (NSDQ: CHRS)

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