Welcome to our dedicated page for Casi Pharmaceuticals news (Ticker: CASI), a resource for investors and traders seeking the latest updates and insights on Casi Pharmaceuticals stock.
CASI Pharmaceuticals Inc (CASI) is a biopharmaceutical innovator advancing therapies for oncology and immune-related disorders. This page provides investors and industry professionals with timely updates on clinical developments, regulatory milestones, and corporate announcements.
Key resources include: Press releases detailing product approvals, financial earnings reports, partnership agreements, and progress across the company’s pipeline. Track updates on therapies like EVOMELA® for multiple myeloma and CID-103 for immune-mediated conditions.
Bookmark this page to stay informed about CASI’s strategic initiatives in hematologic oncology and global commercialization efforts. Check regularly for verified updates directly from the company and trusted sources.
CASI Pharmaceuticals (NASDAQ: CASI) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission on April 26, 2023. The report highlights the company's ongoing commitment to developing innovative therapeutics in hematology oncology and other unmet medical needs. Shareholders can request a free hard copy of the audited consolidated financial statements. The company aims to establish a strong presence in the Greater China market, leveraging its regulatory and commercial competencies alongside its global drug development expertise. More details are available on the company's investor relations website.
CASI Pharmaceuticals, a biopharmaceutical firm, reported a $43.1 million revenue for 2022, marking a 26.7% year-on-year growth. The fourth quarter alone accounted for $10.2 million in revenues from EVOMELA®. Despite challenges due to COVID-19 in China, the company treated nearly 10,000 patients with EVOMELA. The company achieved key milestones, including the acceptance of the CNCT-19 NDA by the NMPA in December 2022 and the initiation of the BI-1206 phase I trial. CASI's net loss increased to $40.3 million compared to $35.8 million in 2021. As of December 31, 2022, the firm had $47.1 million in cash and equivalents, up from $38.7 million in 2021. The company plans to enhance its commercial portfolio in 2023 and beyond.
CASI Pharmaceuticals, Inc. (NASDAQ: CASI) has successfully completed a redomiciliation merger, transitioning the company to be incorporated in the Cayman Islands. As part of this move, each share of CASI's common stock will convert into an ordinary share of CASI Cayman, which will continue to trade under the same NASDAQ symbol 'CASI'. This strategic decision aims to leverage regulatory and commercial competencies in China and enhance its position in the biopharmaceutical market, focusing on hematology oncology and unmet medical needs globally.
CASI Pharmaceuticals has received approval from the NMPA for its Clinical Trial Application for CB-5339, a VCP/p97 inhibitor, targeting Multiple Myeloma. The Phase 1 trial aims to assess the safety, pharmacokinetics, and preliminary efficacy of CB-5339 as a single agent in China, with enrollment expected to start in 2023. This development aligns with CASI's strategy to enhance its oncology portfolio and leverage its regulatory expertise in the Greater China market.
FAQ
What is the current stock price of Casi Pharmaceuticals (CASI)?
What is the market cap of Casi Pharmaceuticals (CASI)?
