CASI Pharmaceuticals Announced Plan To Submit CID-103 IND Application; Also Announces Receipt Of A Non-binding Proposal To Acquire Its China Business For Aggregate Purchase Price Of $40M
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CASI Pharmaceuticals announced plans to submit an IND application for CID-103 and received a non-binding proposal to acquire its China business for $40 million.
June 26, 2024 | 8:16 pm
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CASI Pharmaceuticals plans to submit an IND application for CID-103 and received a non-binding proposal to acquire its China business for $40 million.
The submission of an IND application for CID-103 indicates progress in CASI's drug development pipeline, which is positive news for investors. Additionally, the non-binding proposal to acquire its China business for $40 million could provide significant capital, further strengthening the company's financial position.
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