REDWOOD CITY, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) — Coherus BioSciences today announced Paul Reider has been named Chief Commercial Officer. Mr. Reider previously held the position of Executive Vice President of Commercial Operations and Market Access.
“Paul has a demonstrated record of success in biopharmaceutical sales and marketing, having led multiple successful commercial launches and managed blockbuster oncology brands. I am excited to name him Chief Commercial Officer. His broad experience launching specialty brands, deep relationships with customers and payers, and leadership skills will prove invaluable to Coherus as we prepare to launch as many as five new products over the next 18 months,” said Denny Lanfear, CEO of Coherus.
Mr. Reider has 30 years of biotechnology industry sales and marketing experience across oncology, rheumatology, endocrinology and rare disease therapeutic areas. Prior to joining Coherus in 2021, he served as Vice President of Sales and Strategic Accounts for Puma Biotechnology. He led the establishment of a new U.S.-based oncology commercial team at Ipsen Biopharmaceuticals and subsequently served as the General Manager of Ipsen Canada. From 1996 to 2013, he held marketing and executive leadership roles at Amgen including marketing lead for the U.S. launch of Neulasta®, which grew to become a $4 billion product in the U.S.; Brand Director of the Filgrastim Franchise; Executive Director of Corporate Accounts; commercial leader for the establishment of Amgen affiliates in Mexico and Brazil; and founding commercial leader of the Bone Health Business Unit which launched Prolia®, now a $3.2 billion global brand.
Mr. Reider earned a Bachelor of Science degree in Business Administration and an M.B.A. from Bowling Green State University.
“I am honored to be named Chief Commercial Officer at this pivotal time for Coherus as we become a multi-product company and execute on our plans to build a leading immuno-oncology franchise,” said Mr. Reider.
About Coherus BioSciences
Coherus is a commercial stage biopharmaceutical company building a leading immuno-oncology franchise funded with cash generated by its portfolio of FDA-approved products. In 2021, Coherus in-licensed toripalimab, an anti-PD-1 antibody, in the United States and Canada. A biologics license application for toripalimab for the treatment of metastatic or recurrent nasopharyngeal carcinoma is currently under priority review by the FDA, with a target action date of April 2022. Toripalimab is also being evaluated in pivotal clinical trials for the treatment of cancers of the lung, breast, liver, skin, kidney, stomach, esophagus, and bladder.
Coherus markets UDENYCA® (pegfilgrastim-cbqv), a biosimilar of Neulasta® in the United States, and expects to launch the FDA-approved Humira® biosimilar YUSIMRY™ (adalimumab-aqvh) in the United States in 2023. The FDA is currently reviewing the biologics license application for CHS-201, a biosimilar of Lucentis® (ranibizumab), with a target action date of August 2022. Coherus is also developing CHS-305, a biosimilar of Avastin® (bevacizumab).
