CASI Pharmaceuticals Reports Third Quarter Revenue of $3.1 Million and Net Loss of $10.9 Million
Reuters
Nov 15, 2025
CASI Pharmaceuticals Reports Third Quarter Revenue of $3.1 Million and Net Loss of $10.9 Million
CASI Pharmaceuticals Inc. reported third quarter 2025 revenues of $3.1 million, a 60% decrease from $7.8 million in the same period last year, mainly due to estimated returns of EVOMELA by its sole distributor under a modified agreement. Cost of revenue was $2.4 million, down 35% from $3.7 million. Research and development expenses were stable at $1.4 million compared to $1.5 million last year. General and administrative expenses decreased 14% to $4.9 million, while selling and marketing expenses declined 6% to $4.6 million. Net loss for the quarter increased to $10.9 million from $8.4 million. As of September 30, 2025, CASI had $4.7 million in cash and cash equivalents and 20.5 million shares outstanding. The company raised approximately $5.7 million from an at-the-market facility during the quarter. In June 2025, its subsidiary in Wuxi began production, with certain costs allocated to inventory.
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