CASI Pharmaceuticals Q2 2023 Earnings Report

CASI Pharmaceuticals EPS Results

• Actual EPS: -$0.77
• Consensus EPS: -$0.50
• Beat/Miss: Missed by -$0.27
• One Year Ago EPS: N/A

CASI Pharmaceuticals Revenue Results

• Actual Revenue: $9.82 million
• Expected Revenue: $10.09 million
• Beat/Miss: Missed by -$270.00 thousand
• YoY Revenue Growth: N/A

CASI Pharmaceuticals Announcement Details

• Quarter: Q2 2023
• Date: 8/11/2023
• Time: Before Market Opens

CASI Pharmaceuticals (NASDAQ:CASI), a biopharmaceutical company, develops and commercializes therapeutics and pharmaceutical products in the People's Republic of China, the United States, and internationally. It offers EVOMELA, an intravenous formulation of melphalan for use as a conditioning treatment prior to stem cell transplantation, and as a palliative treatment for patients with multiple myeloma. The company's other hematology/oncology assets in pipeline include CNCT 19, an autologous CD19 CAR-T investigative product; BI-1206, novel anti-Fc?RIIB antibody, for the treatment of solid tumors and relapsed/refractory non-hodgkin lymphoma; CB-5339, a novel VCP/p97 inhibitor that focuses on valosin-containing protein (VCP)/p97 as a novel target in protein homeostasis, DNA damage response, and other cellular stress pathways for therapeutic use in the treatment of patients with various malignancies; CID-103, a human IgG1 anti-CD38 monoclonal antibody; and Thiotepa, a chemotherapeutic agent, which has various indications, including use as a conditioning treatment for use prior to certain allogeneic haemopoietic stem cell transplants. The company has licensing agreements with Juventas Cell Therapy Ltd.; BioInvent International AB; Black Belt Therapeutics Limited; Cleave Therapeutics, Inc.; and Acrotech Biopharma L.L.C. to develop and commercialize its commercial product EVOMELA. It also has distribution agreements with China Resources Pharmaceutical Commercial Group International Trading Co., Ltd; Pharmathen Global BV; and Riemser Pharma GmbH. CASI Pharmaceuticals, Inc. was incorporated in 1991 and is based in Beijing, the People's Republic of China.