CASI Pharmaceuticals Enters $20 Million Convertible Note Agreement with ETP Global
CASI Pharmaceuticals announced that the Company has entered into a convertible note purchase agreement with ETP Global III Fund LP, a partnership controlled by Dr. Wei-Wu He, pursuant to which the Company will issue and sell convertible notes in an aggregate principal amount of US $20 million to the Purchaser through a private placement. This investment is planned to provide runway to fund the Company through a Phase 1 study in China in renal allograft anti-body-mediated rejection as well as development toward a stable, high concentration protein solution for subcutaneous formulation.
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