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Stock impact report

I-Mab Signs Agreement to Divest its Assets and Business Operations in China [Yahoo! Finance]

I-MAB - American Depositary Shares (IMAB) 
Company Research Source: Yahoo! Finance
Agreement provides for a strategic focus in advancing I-Mab's potential of differentiated oncology clinical assets and builds shareholder value by streamlining the operating model, reducing operational costs, and mitigating potential associated risks The Company retains cash in hand, ex- China rights of all clinical stage assets led by givastomig (CLDN18.2/4-1BB), uliledlimab (CD73), and TJ-L14B (PD-L1/4-1BB), and remain listed on NASDAQ ROCKVILLE, Md. Feb. 7, 2024 /PRNewswire/ -- I-Mab (the " Company ") (NASDAQ: IMAB), a global biotech company exclusively focused on bringing highly differentiated immunotherapies and biologics for cancer treatment to patients around the world, today announced that as part of its strategy to become a U.S.-based biotech, its Chinese subsidiaries have entered into definitive agreements with I-Mab Biopharma ( Hangzhou ) Co., Ltd. (the " Hangzhou Company "), an unconsolidated affiliate of the Company, and a group of China -based investors to divest th Show less Read more
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