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CASI Pharma Gains Hong Kong OK for Cancer Drug

publication date: Jul 20, 2015
CASI Pharma, a US biopharma focused on the China market, reported that Zevalin®, a treatment for non-Hodgkin's lymphoma, is now available in Hong Kong. One year ago, CASI in-licensed three cancer drugs from Spectrum Pharma, and this represents the first marketing approval for any of the three. To acquire the China rights, CASI granted Spectrum a 20% stake in CASI and a promissory note for $1.5 million. ChinaBio® Today estimated the value of the package at $11.5 million. More details....

Stock Symbols: (NSDQ: CASI) (NSDQ: SPPI)

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