March 20, 2018 / 1:36 PM / 4 months ago

BRIEF-CASI Pharmaceuticals Announces $50 Million Private Placement

March 20 (Reuters) - Casi Pharmaceuticals Inc:

* CASI PHARMACEUTICALS ANNOUNCES $50 MILLION PRIVATE PLACEMENT TO PREPARE COMPANY FOR COMMERCIALIZATION IN CHINA

* CASI PHARMACEUTICALS INC - ‍ON MARCH 19, 2018, CONSOLIDATED CLOSING BID PRICE PER SHARE OF COMMON STOCK WAS $3.19​

* CASI PHARMACEUTICALS - ENTERED INTO DEFINITIVE SECURITIES PURCHASE AGREEMENTS PURSUANT TO WHICH CO WILL ISSUE 15.4 MILLION SHARES OF COMMON STOCK Source text for Eikon: Further company coverage:

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