Coherus Oncology Q1 sales rise

Coherus Oncology

11/05/2026 21:20

Overview

U.S. oncology drug developer's Q1 sales rose yr/yr but missed analyst expectations

Adjusted net loss for Q1 improved yr/yr, driven by lower headcount and reduced costs

Company raised $53.6 mln in public offering to support pipeline and operations

Outlook

Company expects initial data from 1L HCC Phase 2 trial in mid-2026

Initial data from tagmokitug/toripalimab combination studies expected in mid- and 2H 2026

Company plans to initiate mCRPC combination study in fall 2026

Result Drivers

LOQTORZI VOLUME - Year-over-year revenue growth driven primarily by higher LOQTORZI sales volumes

SEASONALITY AND WEATHER - Sequential revenue decline attributed to severe weather events and normal seasonality

COST REDUCTIONS - Lower R&D and SG&A expenses due to reduced headcount and exit from biosimilar business

Company press release: ID:nGNX1Qphf9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$12.31 mln
$14.34 mln (5 Analysts)
Q1 EPS
-$0.28
Q1 Adjusted Net Income
Beat
-$33.93 mln
-$42.80 mln (2 Analysts)
Q1 Net Income
-$38.33 mln
Q1 Operating Income
-$36.15 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the pharmaceuticals peer group is "buy"

Wall Street's median 12-month price target for Coherus Oncology Inc is $6.00, about 242.9% above its May 8 closing price of $1.75

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)