CASI Pharmaceuticals Announces A $15M Private Placement Financing By Venrock Healthcare Capital Partners, Foresite Capital, Panacea Venture And Dr. Wei-Wu He
Portfolio Pulse from Benzinga Newsdesk
CASI Pharmaceuticals has announced a $15 million private placement financing led by Venrock Healthcare Capital Partners, Foresite Capital, Panacea Venture, and Dr. Wei-Wu He.
June 26, 2024 | 8:12 pm
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CASI Pharmaceuticals has secured $15 million in private placement financing from prominent investors, which could provide the company with the necessary capital to advance its pharmaceutical projects.
The $15 million financing will provide CASI Pharmaceuticals with additional capital, which is likely to be used for advancing its pharmaceutical projects. This influx of funds is a positive development and could lead to increased investor confidence and a potential short-term rise in the stock price.
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