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CASI Pharma Pays $7.7 Million for Global Rights to CD38 Immunotherapy

publication date: Apr 17, 2019

CASI, a US in-licensing pharma with operations in China, acquired global rights to an investigational anti-CD38 immunotherapy from Black Belt Therapeutics of the UK. CASI made a $5.5 million upfront payment and invested $2.2 million in Black Belt. It will also be responsible for milestone and royalty payments. Black Belt was spun out of Tusk when it was acquired by Roche last year. The candidate, TSK011010, is ready to submit an IND, with Phase I trials expected to start in late 2019 or early 2020. More details....

Stock Symbol: (NSDQ: CASI)

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