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CASI Pharmaceuticals Announces Receipt of An Updated Non-Binding Proposal to Acquire Entire China Business of the Company

1. CASI received a new acquisition proposal from CEO Dr. Wei-Wu He. 2. The proposal includes a $20 million purchase for operations in China.

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FAQ

Why Bullish?

The acquisition proposal suggests potential consolidation and strategic focus, which can lead to operational efficiency and market confidence. Historical examples, such as companies regaining stability post-acquisition, support this positive outlook for CASI.

How important is it?

This acquisition proposal highlights CASI's strategic direction and could indicate future growth opportunities, impacting investor sentiment and stock performance significantly.

Why Short Term?

The immediate focus on the acquisition will likely generate interest and stock activity in the short term, similar to previous acquisition announcements that saw immediate market reactions.

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BEIJING, CN / ACCESS Newswire / April 3, 2025 / CASI Pharmaceuticals, Inc. (Nasdaq:CASI, "CASI"), a Cayman incorporated biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, announced that its special committee of the board of directors (the "Special Committee") has received an updated preliminary non-binding proposal letter (the "Proposal Letter"), dated April 2, 2025, from Dr. Wei-Wu He, Chairman of the board of directors and CEO of the Company, to acquire the entire business operations of the Company in China and all license-in, distribution and related rights in Asia (excluding Japan) related to certain pipeline products of the Company, including BI-1206, CID-103 and Thiotepa, for an aggregate purchase price of $20.0 million, which shall include assumption of approximately $20.0 million of indebtedness of the Company (the "Proposed Transaction"). The Proposal Letter updates the preliminary non-binding proposal letter submitted by Dr. He to the Company on June 21, 2024.

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