Coherus BioSciences Inc (CHRS)

[dinogreeves]

Read the press release they issued today, most importantly read the indications that this science can be approached on as well. 14% short position, they have 17 days to cover. Over 400 million in revenues, this is not clinical stage biotech, this commercial stage biotech, they have close to 400 million in the books and 400 million in debt, but remember they already have revenues. They are Redwood California based company with over 200 employees, market cap as it stands a little over 1 billion, with this many indications and survival rate for lung cancer and completion of Phase 3, now they wait for FDA approval, the survival rate increases 5-6 months, sure it is not a cure, but 5-6 months is life time for cancer patients. In my personal opinion, it will do at least 50% tomorrow, possibly more, but who know. All I know at this point the news was very late in the day, I don't know if that was strategic or what, but it close at 19 and change, the press release hit the wires at 3.50 PM in Cali time, so investment community is not aware, but if they are watching this from tonight tomorrow could be a big day for this. This to me is the next MRN*A, two years time, this is sitting pretty at triple digits easy and I am talking 200-300 dollars, market cap if all indications actually work, could reach 15-20 billion by that time. Good luck.