Coherus BioSciences Sees FY24 R&D And SG&A Expenses $250M-$265M
Portfolio Pulse from Benzinga Newsdesk
Coherus BioSciences projects its R&D and SG&A expenses for FY24 to be between $250M and $265M.

March 13, 2024 | 8:25 pm
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Coherus BioSciences expects its research and development (R&D) and selling, general, and administrative (SG&A) expenses for the fiscal year 2024 to be in the range of $250 million to $265 million.
The announcement of projected R&D and SG&A expenses for FY24 by Coherus BioSciences provides insight into the company's financial planning and operational focus. While this information is crucial for understanding the company's future investment in growth and operational efficiency, the direct short-term impact on the stock price is uncertain. Investors may interpret this as a sign of strategic investment in growth or as a potential pressure on profit margins, depending on the context of the company's overall financial health and market conditions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90