In Its Third and Final Biosimilar Deal of 2024, Coherus Divests Udenyca
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Dec 12, 2024
Coherus BioSciences, Inc. is selling its third and last biosimilar per an agreement to divest its Udenyca (pegfilgrastim-cbqv) franchise to Intas Pharmaceuticals Ltd. for up to $558.4 million, Coherus revealed on Dec. 3. The granulocyte colony-stimulating factor is one of six biosimilars of Amgen Inc.’s Neulasta (pegfilgrastim). The FDA approved Udenyca on Nov. 2, 2018, making it the second of those agents to gain approval.
Included in the deal, which will give Coherus an upfront cash payment of $483.4 million, are the Udenyca prefilled syringe and autoinjector, as well as the Udenyca Onbody, an on-body injector that Coherus launched earlier this year. Udenyca is the only Neulasta biosimilar with that presentation, which competes with Neulasta Onpro, which has pulled market share from the original subcutaneous formulation.
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