Edison Investment Research - CASI Pharmaceuticals (CASI) CASI Pharmaceuticals - Evomela shows a strong launch

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Edison Investment Research

Sean Conroy

CASI Pharmaceuticals - Evomela shows a strong launch

CASI announced earnings for Q319 that included the first revenue generated by Evomela (melphalan) since its launch in mid-August: $2.7m. This is a highly encouraging number given it only represents a few weeks of sales. The product is approved as a conditioning agent in patients with multiple myeloma prior to stem cell transplant, and it is currently the only form of melphalan commercially available in China. This marks the transition of CASI into a commercial stage company

16/12/2019 6 EN

Underlying

CASI Pharmaceuticals

CASI Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing therapeutics and pharmaceutical products. The company's primary product and candidates in hematology/oncology include: EVOMELA (Melphalan for Injection), an intravenous formulation of melphalan commercialized in the multiple myeloma treatment setting in the United States; CNCT19, which targets CD19, a B-cell surface protein expressed during all phases of B-cell development and a validated target for B-cell driven hematological malignancies; CID-103, an investigational anti-CD38 monoclonal antibody being developed for the treatment of patients with multiple myeloma.

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US14757U1097 NASDAQ Stock Market United States

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sean Conroy

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CASI Pharmaceuticals - Evomela shows a strong launch

CASI Pharmaceuticals Inc: 1 director

CASI Pharmaceuticals - Termination of coverage

CASI Pharmaceuticals - Termination of coverage

AGBA - A transformational deal

Biodexa Pharmaceuticals - In a period of transition

Norcros - Sale of Johnson Tiles UK agreed

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