UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2025
Commission File Number 001-41666
CASI PHARMACEUTICALS, INC.
(Translation of registrant’s name into English)
1701-1702, China Central Office Tower 1
No. 81 Jianguo Road, Chaoyang District
Beijing, 100025
People’s Republic of China
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨
INCORPORATION BY REFERENCE
The information included in this Report on Form
6-K is hereby incorporated by reference into the Company's Registration Statements on Form F-3 (File No. 333-283998 and No. 333-281621)
(including any prospectuses forming a part of such registration statement) and is to be a part thereof from the date on which this Report
on Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished.
CASI Pharmaceuticals Reports the Expiration
of Import Drug Registration License for FOLOTYN® in China
CASI Pharmaceuticals, Inc. (NASDAQ: CASI,
the “Company”), a clinical-stage biopharmaceutical company focused on developing innovative therapies for patients with organ
transplant rejection and autoimmune diseases, today reported development as to its Import Drug Registration License for
FOLOTYN®. The original Import Drug Registration License for FOLOTYN® was issued in August 2020 with an
effective period through August 25, 2025. The Company applied for a license renewal in May 2025. Today the Company has received
verbal communication from the Chinese Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) that
the renewal application has not been granted and that, as a result, the current Import Drug Registration License for
FOLOTYN® has expired as of August 25, 2025. As a result, the Company will immediately cease the sale of
FOLOTYN® in China pursuant to the relevant regulations and rules. In the meantime, the Company may continue
FOLOTYN® clinical trial activities in China as permitted by relevant governmental authorities. The Company will
continue to monitor relevant developments and take commercially reasonable measures with respect to the commercialization plan of
FOLOTYN® in China.
About CASI Pharmaceuticals
CASI Pharmaceuticals,
Inc. is a publicly-traded, biopharmaceutical company focused on developing CID-103, an anti-CD38 monoclonal antibody for organ transplant
rejection and autoimmune diseases.
CID-103
is a fully human IgG1, potentially best-in-class, clinical stage, anti-CD38 monoclonal antibody which targets a unique epitope and has
demonstrated an encouraging pre-clinical efficacy and clinical safety profile compared to other anti-CD38 monoclonal antibodies, and for
which CASI owns exclusive global rights. CASI is actively recruiting and dosing patients in a Phase 1 / 2 study in immune thrombocytopenic
purpura (ITP). In parallel, CASI recently received FDA IND clearance to conduct a Phase 1 study in renal allograft antibody-mediated rejection
(AMR) and plans to initiate the study in third quarter of 2025.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and similar statements. Among
other things, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational
plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided
herein is as of the date of this announcement, and the Company undertakes no obligation to update any forward-looking statement, except
as required under applicable law. We caution readers not to place undue reliance on any forward-looking statements contained herein.
EVOMELA® is proprietary to Acrotech
Biopharma Inc. and its affiliates. FOLOTYN® is proprietary to Acrotech Biopharma Inc and its affiliates. The Company is
currently involved in disputes and legal proceedings related to certain pipeline products, including EVOMELA® and CNCT-19.
Please refer to the Company’s earlier SEC filing for further information.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CASI Pharmaceuticals, Inc. |
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By: |
/s/ David Cory |
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Name: |
David Cory |
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Title: |
CEO |
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Date: August 27, 2025 |
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