On March 4, 2022 CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a U.S. biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, reported, that the Company has entered into a renewal exclusive distribution agreement, whereby under the terms of the agreement, China Resources Pharmaceutical Commercial Group International Trading Co., Ltd. (CRPCGIT), previously called "China Resources Guokang Pharmaceuticals Co., Ltd. (CRGK)", will continue to be the sole distributor for the sale of EVOMELA (melphalan) for Injection in China (Press release, CASI Pharmaceuticals, MAR 4, 2022, View Source [SID1234609520]).

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Larry Zhang, CASI’s Global President, commented, "EVOMELA has shown rapid revenue growth in the past three years and reached $30 million in 2021. In combination with the efforts of all CASI employees, cooperation with CRPCGIT has been tremendously valuable in achieving long-term growth. CRPCGIT provides reliable and efficient distribution services that significantly increase accessibility to EVOMELA for physicians and patients. We look forward to our future collaboration."