I-Mab, a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel biologics, today announced that the senior management team of the Company, including Founder, Chairman and Acting CEO Dr. Jingwu Zang, President Dr. Andrew Zhu, Chief Financial Officer John Long, Chief Strategy Officer Jielun Zhu and Chief Business Officer Dr. Weimin Tang, have informed the Company of their intention to use their personal funds to purchase the Company’s American depositary shares (“ADSs”) on the open market for an aggregate amount of minimum US$3 million and up to US$20 million no later than February 28, 2022.
“The share purchase plan demonstrates senior management team’s strong confidence in the Company’s global competitive pipeline and ongoing transformation towards an integrated global biopharma,” said Dr. Jingwu Zang. “The Company’s fundamentals remain very strong. In 2021, we successfully delivered planned important clinical and corporate milestones and will continue building on the strong momentum to deliver critical new milestones, including reporting multiple key clinical data readouts, initiating new registrational trials and accelerating dual listing on HKEX, continually creating value for patients and shareholders.”
About I-Mab
I-Mab is an innovation-driven global biopharma company focused on the discovery, development and commercialization of novel and highly differentiated biologics for immuno-oncology and autoimmune diseases. The Company’s mission is to bring transformational medicines to patients around the world through innovation. I-Mab’s globally competitive pipeline of more than 20 clinical and preclinical-stage drug candidates is driven by its internal discovery and global partnerships for in-licensing, based on the Company’s Fast-to-Proof-of-Concept and Fast-to-Market development strategies. The Company is progressing from a clinical-stage biotech company into a fully integrated global biopharmaceutical company with cutting-edge R&D capabilities, a world-class GMP manufacturing facility, and commercial capability. I-Mab has established its global footprint in Shanghai (headquarters), Beijing, Hangzhou, Guangzhou, Lishui and Hong Kong in China, and Maryland and San Diego in the United States. For more information, please visit http://ir.i-mabbiopharma.com
I-Mab Contacts
John Long john.long@i-mabbiopharma.com +86 21 6057 8000
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Gigi Feng gigi.feng@i-mabbiopharma.com +86 21 6057 5709
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Investor Inquiries:
The Piacente Group, Inc.
Emilie Wu
E-mail: emilie@thepiacentegroup.com
Office line: + 86 21 6039 8363