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CASI Pharma: Bi-1206 Granted Orphan Drug Designation By FDA For Follicular Lymphoma Treatment

CASI Pharmaceuticals Inc. (CASI) said that the U.S. Food and Drug Administration has granted Orphan Drug Designation to its partner BioInvent International AB, for BI-1206, an investigational anti-FcyRllB antibody, for the treatment of follicular lymphoma, the most common form of slow-growing Non-Hodgkin lymphoma or NHL.

In Thursday pre-market trade, CASI was trading at $0.73 up $0.03 or 5.65%.

BI-1206 is BioInvent's lead drug candidate and is currently being investigated in two Phase 1/2 trials.

One is evaluating the BI-1206 combination with rituximab for the treatment of Non-Hodgkin lymphoma, which includes patients with follicular lymphoma, MCL and marginal zone lymphoma (MZL) who have relapsed or are refractory to rituximab.

A second Phase 1/2 trial is investigating BI-1206 in combination with anti-PD1 therapy Keytruda (pembrolizumab) in solid tumors.

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