Strong Financial Performance
LOQTORZI net revenue grew to $11.2 million, a 12% increase quarter-over-quarter and 92% increase year-over-year. The company has significantly improved its balance sheet with $192 million in cash and investments and a 69% decrease in non-TSA liabilities.
Pipeline Progress and Strategic Focus
Coherus Oncology is advancing its clinical trials, particularly with LOQTORZI in combination with proprietary assets like CHS-114 and casdozokitug. Enrollment is on track, and the company is pursuing multiple cancer indications, demonstrating its scientific leadership.
Market Expansion and Sales Strategy
The company is expanding its sales force by 15% and implementing a remote sales team to increase reach, particularly in the community setting where awareness of LOQTORZI's clinical benefits needs reinforcement.
Reduction in Operating Expenses
SG&A expenses decreased by 11% compared to last year due to decreased headcount, reflecting the company's focus on spending discipline and operational streamlining.