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DewDiligence

06/27/17 4:21 PM

#212135 RE: DewDiligence #212107

CHRS 30% workforce reduction:

https://www.sec.gov/Archives/edgar/data/1512762/000119312517214840/d405712d8k.htm

The stated reason for the layoff is the CRL for CHRS' Neulasta FoB (#msg-132094293, #msg-132098831), but the delay in submitting the BLA for CHRS' Humira FoB (#msg-132511112) surely has something to do with it too.
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DewDiligence

08/07/17 6:05 PM

#212948 RE: DewDiligence #212107

CHRS now hopes to submit Humira FoB applications to both FDA and EMA in 2H18 (later than previously announced), using one of multiple formulations CHRS is still developing to work around ABBV’s formulation patents.

CHRS has found a new fill/finish CMO to handle product for both the FDA and EMA applications, addressing the issue disclosed in June (#msg-132511112).

Source: Today’s 2Q17 CC.