I-Mab Announces Closing of the Divestiture of Business Operations in China [Yahoo! Finance]
I-MAB - American Depositary Shares (IMAB)
Company Research
Source: Yahoo! Finance
the development and potential commercialization of highly differentiated immunotherapies for the treatment of cancer, today announced that all conditions precedent to the divestiture transaction previously announced on February 7, 2024 (the " Transaction ") have been either satisfied or waived and accordingly, the Transaction has successfully closed. The Company transferred 100% of the outstanding equity interest in I-Mab Biopharma Co., Ltd. (" I-Mab Shanghai ") to I-Mab Biopharma ( Hangzhou ) Co., Ltd. (the " Hangzhou Company "), on a cash-free and debt-free basis, for an aggregate consideration of the RMB equivalent of up to US$80 million , contingent on the Hangzhou Company group's achievement of certain future regulatory and sales-based milestone events. Concurrent with the aforementioned equity interest transfer, the Company's wholly owned subsidiary, I-Mab Biopharma Hong Kong Limited (" I-Mab Hong Kong "), transferred the equity interests it held in the Hangzhou Company to c
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IMAB
News
- I-MAB Filed 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- I-MAB Filed 2023 Annual Report on Form 20-FPR Newswire
- I-Mab (NASDAQ: IMAB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $6.00 price target on the stock.MarketBeat
- I-Mab to Participate at the 23rd Annual Needham Virtual Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- I-Mab to Participate at the 23rd Annual Needham Virtual Healthcare ConferencePR Newswire
IMAB
Sec Filings
- 4/30/24 - Form 20-F
- 4/15/24 - Form 6-K
- 4/2/24 - Form 6-K
- IMAB's page on the SEC website