CASI Pharma (CASI) Tops Q1 EPS by 1c

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CASI Pharmaceuticals Reports First Quarter 2016 Financial Results

May 13, 2016 7:00 AM EDT

ROCKVILLE, Md., May 13, 2016 /PRNewswire/ -- CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a biopharmaceutical company dedicated to innovative therapeutics addressing cancer and other unmet medical needs today reported financial results for the three months ended March 31, 2016.

The Company reported a net loss for the first quarter of 2016 of ($1.8 million), or ($0.04) per share, compared with a net loss of ($1.8 million), or ($0.06) per share, for the same period last year. 

As of March 31, 2016, CASI had cash and cash equivalents of $13.9 million.

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