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BRIEF-Coherus secures private placement from Temasek
August 21, 2017 / 12:55 PM / 3 months ago

BRIEF-Coherus secures private placement from Temasek

Aug 21 (Reuters) - Coherus Biosciences Inc

* Coherus secures private placement from Temasek

* Coherus Biosciences Inc - ‍Temasek plans to invest up to $150 million over two tranches​

* Coherus Biosciences Inc - ‍First tranche of $75 million in gross proceeds to be completed and funded by August 31, 2017 with 6.6 million shares of common stock​

* Coherus Biosciences Inc - ‍Second tranche is projected to be funded following receipt of U.S. FDA marketing approval for CHS-1701​

* Coherus Biosciences - Intends to use net proceeds from private placements for capital for completion of development and registration of CHS-1701 Source text for Eikon: Further company coverage:

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