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Coherus down 13% on Amgen launch of single-dose cartridge version of Enbrel

Published 11/17/2017, 03:36 PM
© Reuters.  Coherus down 13% on Amgen launch of single-dose cartridge version of Enbrel
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  • Coherus BioSciences (CHRS -13.2%) slumps on almost double normal volume in apparent response to Amgen (NASDAQ:AMGN)'s launch of ENBREL Mini, a single-dose prefilled cartridge designed for self-administration via an autoinjector.
  • One of Coherus' late-stage product candidates, CHS-0214, is a biosimilar to Enbrel (etanercept) but it will not be offered, at least initially, in a like format.
  • Previously: Amgen launches Enbrel in single-dose cartridge format for autoinjector (Nov. 17)
  • Now read: Agios Pharma's ivosidenib shows treatment effect in early-stage glioma study; shares ahead 3% premarket


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