
CASI Pharmaceuticals (CASI) Stock Forecast & Price Target
CASI Pharmaceuticals (CASI) Analyst Ratings
Bulls say
CASI Pharmaceuticals Inc. is projected to achieve significant revenue growth, with its CID-103 product expected to generate risk-adjusted revenues of $11 million in 2029 and grow to $75 million by 2033. The company’s leadership, notably David, brings substantial experience in navigating FDA approval processes, further strengthening its strategic direction in drug development. Additionally, CASI has received IND clearance for its antibody-mediated rejection (AMR) study, with a Phase 1 dose-finding study on track to commence in the third quarter of 2025, positioning the company for future advancements in its product pipeline.
Bears say
CASI Pharmaceuticals Inc. has faced challenges in sustaining growth due to its reliance on a limited product portfolio, with the majority of its revenue derived from the EVOMELA injection, which subjects the company to significant financial risk should demand fluctuate. Additionally, the company has encountered increased competition within the biopharmaceutical sector, potentially leading to pricing pressures and reduced market share for its existing products. Furthermore, prolonged periods of negative cash flow indicate operational inefficiencies, raising concerns about its ability to fund ongoing research and development initiatives essential for future product launches and long-term sustainability.
This aggregate rating is based on analysts' research of CASI Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
CASI Pharmaceuticals (CASI) Analyst Forecast & Price Prediction
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