Is Coherus BioSciences a Buy?
Coherus BioSciences (NASDAQ: CHRS) is a shining example of success in the otherwise failure-filled field of biosimilars. The company's first major product, Udenyca, was the most successful drug launch of 2019. Its quick traction flipped an operating loss of $204 million in 2018 to an operating profit of $107 million last year.
Unfortunately for shareholders, Coherus BioSciences' share price has not matched the trajectory of Udenyca sales. In fact, the stock lost 16% in the last year, and the company is valued at just $1.2 billion despite generating $356 million in revenue in 2019. Is Wall Street aware of something investors might be overlooking, or is this growth stock a solid buy?
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Source Fool.com
