I-Mab: Trading Below Net Cash With Multiple Upside Options [Seeking Alpha]
I-MAB - American Depositary Shares (IMAB)
Company Research
Source: Seeking Alpha
The divesting will provide I-Mab with a healthy balance sheet, over $400 million in cash, and the potential to receive up to $80 million in cash consideration from its divested China operation. I-Mab's core assets will consist of three global Immuno-Oncology programs, including uliledlimab, which has shown promising Phase 2 NSCLC clinical trial data. I-Mab ( NASDAQ: IMAB ) Biopharma is a clinical-stage biotech company with a focus on immunotherapies and oncology. The company recently announced that it has signed agreement to divest its assets and business operations in China (the Hangzhou Company) to become a U.S-based biotech company. After the divesting, I-Mab will have a healthy balance sheet with more than $400 million in cash, a pipeline consists of three potential best-in-class clinical stage oncology assets, the potential to receive up to $80 million of cash consideration from its divested China operation, and the right of first negotiations outside of China for the three
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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