CASI Pharma (CASI) Reports Q4 Loss of $0.05/Share

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CASI Pharmaceuticals Reports 2016 Fourth Quarter And Full Year Financial Results

March 31, 2017 7:00 AM EDT

ROCKVILLE, Md., March 31, 2017 /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 and 12 months ended December 31, 2016. 

The Company reported a net loss of ($2.7 million), or ($0.05) per share, for the three months ended December 31, 2016.  This compares with a net loss of ($1.7 million), or ($0.05) per share for the fourth quarter of 2015.  The increase in net loss is due to non-cash stock compensation... More