CASI Pharmaceuticals - Executing on China rollout
CASI continues to execute on its strategy to commercialize a portfolio of US-approved drugs in China. It recently received clinical trial authorization (CTA) from the National Medical Products Administration (NMPA) for Marqibo and Zevalin, and established a distribution partnership for Evomela, which it expects to launch mid-2019. However, estimates for entecavir and TDF have been tempered due to a new procurement scheme in China, which is driving down the prices of certain drugs.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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