CASI Pharma inks deal for the manufacturing of entecavir and cilostazol
US biopharma company CASI Pharmaceuticals (Nasdaq: CASI) has announced a strategic and long-term manufacturing agreement with Yiling Wanzhou International Pharmaceutical for the manufacturing of entecavir and cilostazol.
The contracted manufacturing facilities have been inspected by both the US Food and Drug Administration (FDA) and China FDA (CFDA) and operate to strict International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH) Good Manufacturing Practice (GMP) standards, which will enable CASI to eventually sell both entecavir and cilostazol in the USA, China and worldwide markets.
News of the deal caused CASI's shares to rocket 38.42% to $5.89 in pre-market trading this morning.
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