Junshi left to go it alone as another developer loses faith in TIGIT
Coherus BioSciences (Nasdaq: CHRS) has notified the US markets authority that it will terminate a collaboration with Shanghai-based Junshi Biosciences (HKEX: 1877) related to an anti-TIGIT candidate.
The Californian firm, which is well known as a developer of biosimilars, agreed a major deal with Junshi in early 2021, including an option on certain immuno-oncology drug candidates.
Just a couple of years after paying $35 million to exercise an option on one such candidate, CHS-006, Coherus has decided to change course.
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