Coherus BioSciences’ $1.1 Billion Immuno-Oncology Collaboration with Junshi Biosciences


Ropes & Gray represented Coherus BioSciences in the transaction.

Coherus BioSciences, Inc. entered into a $1.1 billion immune-oncology collaboration agreement with Junshi Biosciences directed towards the development and commercialization of Junshi’s programmed cell death protein (anti-PD-1) monoclonal antibody, toripalimab, in the United States and Canada. Under the terms of the agreement, Coherus received a license for toripalimab, two option programs, and first negotiation rights to two early-stage checkpoint inhibitor antibodies.

Founded in December 2012, Junshi Biosciences (HK: 1877; SH: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics.

Coherus is a commercial stage biopharmaceutical company with the mission to increase access to cost-effective medicines that can have a major impact on patients’ lives and to deliver significant savings to the health care system.

The Ropes & Gray team advising Coherus BioScience was led by life sciences licensing and collaborations partner Hannah Freeman (Boston; Picture) and IP transactions associate Jimmy Chen (San Francisco) and included capital markets partner Zachary Blume, IP transactions partner David McIntosh (both of Boston), and litigation & enforcement partner Ama Adams (Washington, D.C.).

Involved fees earner: Ama Adams – Ropes & Gray; Zachary Blume – Ropes & Gray; Jimmy Chen – Ropes & Gray; Hannah Freeman – Ropes & Gray; David McIntosh – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Coherus Biosciences Inc;

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Author: Ambrogio Visconti