ROCKVILLE, Md. and BEIJING, Jan. 18, 2022 /PRNewswire/ -- CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a U.S. biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, announced today, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to its partner Juventas Cell Therapy Ltd (Juventas), for CNCT19, an investigational CD-19 directed CAR-T therapy, for the treatment of patients with Acute Lymphoblastic Leukemia (ALL).
Juventas has grabbed a $63 million series C to advance its CASI Pharmaceuticals-partnered drug CNCT19.
Beijing, China – July 20, 2021 – Juventas Cell Therapy Ltd., a Chinese biopharmaceutical company announced the close of a $60 million+ Series C financing led by CICC Capital and Oceanpine Capital. The co-investors include Delian Capital and existing investors such as Jiadao Private Capital, Redhill Capital, Tianjin Venture Capital, Dalton Capital, and RFUND. Firstly, Juventas Cell Therapy Ltd. (hereinafter referred to as Juventas) plans to use the raised fund to advance the CD19 CAR-T candidate CNCT19 into commercialization and its global market development, secondly, with the CAR technology, iPSCs technology, and gene-editing technology platforms, the autologous and universal/allogeneic/off-the-shelf products covering hematologic tumor and solid tumor treatment in the company’s pipeline will be all greatly fueled and propelled.