LOQTORZI Revenue Growth
LOQTORZI's net revenue in the second quarter grew 36% over Q1 2025 to $10 million, marking a 65% increase year-over-year.
Improved Financial Position
Coherus Oncology ended Q2 with $238 million in cash and investments, projecting sufficient cash to provide runway through 2026.
Strategic Repositioning as Coherus Oncology
The company has completed its strategic repositioning to focus on oncology, aligning its mission and commercial strategy.
Promising Pipeline Developments
The company highlighted the development of CHS-114 and casdozokitug, noting potential best-in-class attributes and significant market opportunities.
Cost Management and Savings
Achieved additional progress on managing cost structure with expected annual savings of approximately $30 million from headcount reductions.