Coherus falls after ending licensing deal with Junshi, 2023 revenue view
** Shares of drugmaker Coherus Biosciences CHRS.O fall ~8% to $2.74
** Company sees 2023 revenue to be between $255 mln and $260 mln, vs analysts' estimate of $260 mln -LSEG data
** CHRS says Q4 revenue will be greater than $90 mln; analysts' expect $95.68 mln
** As part of the portfolio prioritization process, company announces that it has decided to terminate a licensing deal with Junshi Biosciences 688180.SS for the TIGIT program, a class of immunotherapy
** Plans to wind down work with Junshi on the program over the coming months pursuant to the termination
** Brokerage Truist Securities views the portfolio prioritization as appropriate
** Stock fell ~58% in 2023
Reporting by Sriparna Roy in Bengaluru
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