I-Mab Inks Deal To Divest Its Assets And Business Operations In China
Portfolio Pulse from Benzinga Newsdesk
I-Mab has agreed to sell its entire business operations in China, including 100% of the equity interest in I-Mab Biopharma Co., Ltd., to Hangzhou Company for up to $80 million, depending on future milestones.

February 07, 2024 | 11:40 am
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I-Mab is divesting its China operations to Hangzhou Company for up to $80 million, based on future regulatory and sales milestones.
The divestiture of I-Mab's China operations could be seen as a strategic move to streamline its business and focus on core areas, potentially unlocking value for shareholders. The deal's contingency on future milestones suggests a forward-looking optimism about the business's performance, which could positively influence investor sentiment. However, the actual impact on the stock price will depend on the company's ability to meet these milestones and how the proceeds are utilized.
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