CASI Pharmaceuticals settles Evomela China license arbitration with Acrotech

CASI Pharmaceuticals, Inc.

CASI Pharmaceuticals, Inc.

CASIF

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  • CASI Pharmaceuticals reached a settlement with Acrotech Biopharma to resolve an arbitration tied to Evomela commercialization rights in China.
  • The deal rescinds Acrotech’s prior purported termination of the 2014 license agreement, reinstating it subject to revisions.
  • Revisions include minimum Evomela unit purchase obligations for certain years.
  • The parties will seek dismissal of the arbitration with prejudice.


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