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Coherus Signs Clinical Supply Deal With Janssen Oncology

Story Highlights
  • Coherus entered a February 4, 2026 supply deal with Janssen to test tagmokitug and pasritamig together in a Phase 1b trial for metastatic castration-resistant prostate cancer.
  • Janssen will provide pasritamig while Coherus sponsors the study, with each company retaining full commercial rights, signaling a flexible collaboration on potential future combination therapies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Coherus Signs Clinical Supply Deal With Janssen Oncology

Meet Samuel – Your Personal Investing Prophet

An update from Coherus Biosciences ( (CHRS) ) is now available.

On February 4, 2026, Coherus Oncology, Inc. announced a clinical supply agreement with Janssen Research & Development, LLC to evaluate tagmokitug (CHS-114), its investigational anti-CCR8 cytolytic monoclonal antibody, in combination with Janssen’s T-cell engaging bispecific antibody pasritamig in a Phase 1b clinical study in patients with metastatic castration-resistant prostate cancer. Under the agreement, Janssen will supply pasritamig while Coherus will sponsor the trial, and both companies will retain full commercial rights to their respective compounds, underscoring a collaborative but non-exclusive approach that could broaden future combination therapy options if the study proves successful.

The most recent analyst rating on (CHRS) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Coherus Biosciences stock, see the CHRS Stock Forecast page.

Spark’s Take on CHRS Stock

According to Spark, TipRanks’ AI Analyst, CHRS is a Neutral.

The score is held back primarily by weak financial performance (sharp revenue decline, negative operating profitability, and consistently negative operating/free cash flow). Technicals show strong recent momentum but with clear overbought signals, adding near-term risk. The latest earnings call was a positive offset due to LOQTORZI growth, cost discipline, and liquidity improvements, but execution challenges remain.

To see Spark’s full report on CHRS stock, click here.

More about Coherus Biosciences

Coherus Oncology, Inc. is a biopharmaceutical company focused on developing oncology therapeutics, including investigational monoclonal antibodies and other immune-targeting agents, for the treatment of advanced cancers such as metastatic castration-resistant prostate cancer.

Average Trading Volume: 1,894,770

Technical Sentiment Signal: Buy

Current Market Cap: $262.3M

See more insights into CHRS stock on TipRanks’ Stock Analysis page.

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