On May 15, 2023, Coherus BioSciences, Inc. (the "Company") reported to have reduced the amount of shares that could be issued and sold pursuant to its "at-the-market" program ("ATM") with Cowen and Company, LLC ("Cowen") in an amount equal to $86.25 million (Filing, Coherus Biosciences, MAY 15, 2023, View Source [SID1234631709]). The reduction in the amount of shares that can be issued and sold under the ATM was effected pursuant to the Amendment No. 1 to Sales Agreement ("Amendment No. 1"), which amended the Company’s Sales Agreement with Cowen, dated November 8, 2022 (the "Agreement"), to reduce the aggregate offering price under the Agreement from $150.0 million to $63.75 million.

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The foregoing description of Amendment No. 1 is not a complete description thereof, and is qualified in its entirety by reference to the full text of the Amendment No. 1, which will be filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2023.