Why Coherus BioSciences Stock Is Climbing Today
Portfolio Pulse from Erica Kollmann
Coherus BioSciences, Inc. (NASDAQ:CHRS) stock is rising after announcing FDA approval for its Udenyca Onbody pegfilgrastim delivery device. The device offers an automatic delivery option for medication, complementing existing administration methods. High short interest in CHRS shares could lead to larger stock movements following such positive catalysts.
December 27, 2023 | 4:54 pm
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Coherus BioSciences' stock is experiencing an uptick due to the FDA approval of its Udenyca Onbody delivery device, which is a significant development for the company and its product portfolio.
The FDA approval of Coherus BioSciences' Udenyca Onbody delivery device is a strong positive catalyst for the company, likely to increase investor confidence and potentially drive up the stock price in the short term. The high short interest in CHRS shares suggests that the stock could experience a short squeeze, leading to even larger price movements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100