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Benzinga
Benzinga
Technology
Vandana Singh

Casi Pharma-Partnered BioInvent's Lead Cancer Program Gets FDA Orphan Drug Tag

FDA

The FDA has granted Orphan Drug Designation to BioInvent International AB's (OTC:BOVNF) BI-1206, an anti-FcyRllB antibody, for follicular lymphoma (FL) the most common form of Non-Hodgkin lymphoma (NHL).

  • BioInvent is a collaborating partner of CASI Pharmaceuticals Inc (NASDAQ:CASI).
  • BI-1206 is BioInvent's lead drug candidate and is currently being investigated in two Phase 1/2 trials. 
  • One trial is evaluating the BI-1206 combination with rituximab for Non-Hodgkin lymphoma in patients who have relapsed or are refractory to rituximab. 
  • A second Phase 1/2 trial is investigating BI-1206 in combination with Merck & Co Inc (NYSE:MRK) anti-PD1 therapy Keytruda (pembrolizumab) in solid tumors.
  • Price Action: CASI shares are up 4.21% at $0.72 during the premarket session on the last check Thursday.
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