REDWOOD CITY, Calif., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Coherus BioSciences, Inc. (Nasdaq:CHRS), today announced that it has received a decision from the Patent Trial and Appeal Board (PTAB) of the United States Patent and Trademark Office denying institution of Coherus' petition for Inter Partes Review (IPR) of AbbVie's U.S. Patent 9,114,166 (the "'166 Patent") related to AbbVie's HUMIRA (adalimumab) formulation. "While we are disappointed by this outcome it is important to note that our longstanding strategy has been to develop and preserve multiple options pursuant to adalimumab formulation intellectual property. There are additional scientific and legal approaches available to address the various formulation intellectual property challenges, and all of the arguments raised in our IPR petition remain available in a District Court proceeding," said Denny Lanfear, President and Chief Executive Officer of Coherus. "Coherus remains committed to launching our HUMIRA biosimilar once approved." Coherus' management team will host a conference call on Monday, November 7, 2016 at 2:30 pm ET. Conference Call InformationDial-in: (844) 452-6826 (domestic) or (765) 507-2587 (international) Conference ID: 13640467Please join the conference call at least 10 minutes early to register. A replay of this conference call will be posted to the company's website http://investors.coherus.com and will be available until November 30, 2016. About Coherus BioSciences, Inc. Coherus is a leading pure-play, global biosimilar company that develops and commercializes high-quality therapeutics for major regulated markets. Biosimilars are intended for use in place of existing, branded biologics to treat a range of chronic and often life-threatening diseases, with the potential to reduce costs and expand patient access. Composed of a team of proven industry veterans with world-class expertise in process science, analytical characterization, protein production and clinical-regulatory development, Coherus is positioned as a leader in the global biosimilar marketplace. Coherus is advancing three late-stage clinical products towards commercialization, CHS-1701 (pegfilgrastim biosimilar), CHS-0214 (etanercept biosimilar) and CHS-1420 (adalimumab biosimilar), as well as developing a robust pipeline of future products in four therapeutic areas, oncology, immunology (anti-TNF), ophthalmology and multiple sclerosis. For additional information, please visit www.coherus.com.