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BINV BTA - BioInvent International AB News Story

SEK1.7 0.0  0.0%

Last Trade - 12/08/20

Small Cap
Market Cap £273.0m
Enterprise Value £139.6m
Revenue £11.6m
Position in Universe th / 1832

BUZZ-CASI Pharma: Rises on deal with BioInvent to develop, market cancer drug

Tue 27th October, 2020 3:34pm
** Drugmaker's shares  CASI.O  rise 13.6% to 3-month high of
    ** CASI signs deal with Sweden-based drug developer
BioInvent International AB  BINV.ST  to develop BINV's cancer
antibody BI-1206 and market it in Greater China region*:nPn4nMPfma
    ** Under terms of agreement, BINV and CASI will develop
BI-1206 in both liquid and solid cancers
    ** CASI responsible for commercialization in China and
associated markets - cos
    ** BioInvent will receive a $5 mln upfront payment and is
eligible to receive up to $83 mln in milestone payments plus
tiered royalties on net sales of BI-1206 
    ** BI-1206 is BioInvent's lead drug candidate being tested
for the treatment of solid tumors and Non-Hodgkin's lymphoma in
combination with other drugs
    ** More than 1.14 bln CASI shares traded, 5x their 25-day
moving avg
    ** Up to Monday's close, stock down 41.8% YTD

 (Reporting by Amruta Khandekar)
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