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I-Mab Seeks Deal – Maybe Partnering a Drug, Maybe Selling the Company

publication date: Apr 21, 2022

According to a Bloomberg article, Shanghai’s I-Mab is talking with other global drugmakers about some sort of deal that could be a sale of the whole company or a deal for one of its oncological assets. Bloomberg noted that I-Mab has lost three-fourths of its market value since the prices for pharmaceutical companies peaked in June 2021. When it announced 2021 year-end results, I-Mab reported $671 million in cash. Combined with expected milestone payments, I-Mab said it has enough capital to fund operations through 2025. More details....

Stock Symbol: (NSDQ: IMAB)

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