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CASI Signs $10 Million Out-licensing of CD38 for Autoimmune Indications to Tianshi

publication date: May 24, 2022

CASI Pharma, a Maryland-Beijing biopharma, will sublicense global rights to develop its anti-CD38 candidate for autoimmune conditions to Beijing Tianshi Tongda Pharmaceuticals. Tianshi will make a $10 million upfront payment to CASI, while CASI will contribute $3 million to Tianshi’s $21 million venture funding in exchange for a 15% Tianshi stake. Although the agreement is supposed to be global, CASI will book all US revenues from the CD38 for autoimmune indications and (possibly) for hematology-autoimmune indications in China. CASI originally acquired CID-103 as a therapy for multiple myeloma. More details....

Stock Symbol: (NSDQ: CASI)

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