{"id":4975,"date":"2022-01-14T13:00:00","date_gmt":"2022-01-14T13:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3631596_CN31596_0"},"modified":"2022-01-14T13:00:00","modified_gmt":"2022-01-14T13:00:00","slug":"i-mab-announces-execution-of-senior-management-team-share-purchase-plan","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=4975","title":{"rendered":"I-Mab Announces Execution of Senior Management Team Share Purchase Plan"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1433981\/logo_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><i>The execution demonstrates senior management team&#8217;s tremendous confidence in the Company&#8217;s innovative globally competitive pipeline and long-term growth prospects<\/i><\/li>\n<\/ul>\n<p><span id=\"spanHghlt9116\"><span class=\"xn-location\">SHANGHAI<\/span> and<\/span> <span><span class=\"xn-location\">GAITHERSBURG, MD<\/span><\/span>., <span class=\"xn-chron\">Jan. 14, 2022<\/span> \/PRNewswire\/ &#8212; I-Mab (the &#8220;Company&#8221;) (Nasdaq: IMAB), 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. <span class=\"xn-person\">Jingwu Zang<\/span>, President Dr. <span class=\"xn-person\">Andrew Zhu<\/span>, Chief Financial Officer <span class=\"xn-person\">John Long<\/span>, Chief Strategy Officer Jielun Zhu and Chief Business Officer Dr. <span class=\"xn-person\">Weimin Tang<\/span>, have executed the share purchase plan with the open market purchase of over 70,000 of the Company&#8217;s American depositary shares (&#8220;ADSs&#8221;) &nbsp;in an aggregate amount of over <span class=\"xn-money\">US$2.6 million<\/span> as of <span class=\"xn-chron\">14 Jan, 2022<\/span>. The average price per ADS is approximately <span class=\"xn-money\">US$38<\/span>. The senior management team plans to continue to purchase the Company&#8217;s ADSs on the open market for an minimum <span class=\"xn-money\">US$3 million<\/span> and up to <span class=\"xn-money\">US$20 million<\/span> on an accumulative basis. <\/p>\n<p><b>About I-Mab<\/b><\/p>\n<p>I-Mab (Nasdaq: IMAB) 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&#8217;s mission is to bring transformational medicines to patients around the world through innovation. I-Mab&#8217;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&#8217;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&amp;D capabilities, a world-class GMP manufacturing facility, and commercial capability. I-Mab has established its global footprint in <span class=\"xn-location\">Shanghai<\/span> (headquarters), <span class=\"xn-location\">Beijing<\/span>, <span class=\"xn-location\">Hangzhou<\/span>, <span class=\"xn-location\">Guangzhou<\/span>, Lishui and <span class=\"xn-location\">Hong Kong<\/span> in <span class=\"xn-location\">China<\/span>, and <span class=\"xn-location\">Maryland<\/span> and <span class=\"xn-location\">San Diego<\/span> in <span class=\"xn-location\">the United States<\/span>. For more information, please visit&nbsp;<a target=\"_blank\" href=\"http:\/\/ir.i-mabbiopharma.com\/\" rel=\"nofollow noopener\">http:\/\/ir.i-mabbiopharma.com<\/a>&nbsp;and follow I-Mab on&nbsp;<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/i-mab\/\" rel=\"nofollow noopener\">LinkedIn<\/a>,&nbsp;<a target=\"_blank\" href=\"https:\/\/twitter.com\/IMabBiopharma\" rel=\"nofollow noopener\">Twitter<\/a>&nbsp;, and&nbsp;<a target=\"_blank\" href=\"https:\/\/mp.weixin.qq.com\/s\/_s634aizyQPuq1Vgf-hLGA\" rel=\"nofollow noopener\">WeChat<\/a>.<\/p>\n<p><b>I-Mab Forward Looking Statements <\/b><\/p>\n<p>This press release includes certain disclosures which contain &#8220;forward-looking statements.&#8221; You can identify forward-looking statements because they contain words such as &#8220;anticipate&#8221; and &#8220;expected.&#8221; Forward-looking statements are based on I-Mab&#8217;s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in filings with the U.S. Securities and Exchange Commission. I-Mab undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.<\/p>\n<p><b>For more information, please contact:<\/b><\/p>\n<p><b>I-Mab<\/b><\/p>\n<p><span class=\"xn-person\">John Long<\/span>, Chief Financial Officer<br \/>E-mail: <a target=\"_blank\" href=\"mailto:john.long@i-mabbiopharma.com\" rel=\"nofollow noopener\">john.long@i-mabbiopharma.com<\/a>&nbsp;&nbsp;<br \/>Office line: +86 21 6057 8000<\/p>\n<p><span class=\"xn-person\">Gigi Feng<\/span>, Chief Communications Officer<br \/>E-mail: <a target=\"_blank\" href=\"mailto:gigi.feng@i-mabbiopharma.com\" rel=\"nofollow noopener\">gigi.feng@i-mabbiopharma.com<\/a> <br \/>Office line: +86 21 6057 5709<\/p>\n<p><b>Investor Inquiries:<\/b><\/p>\n<p>The Piacente Group, Inc.<br \/><span class=\"xn-person\">Emilie Wu<\/span><br \/>E-mail: <a target=\"_blank\" href=\"mailto:emilie@thepiacentegroup.com\" rel=\"nofollow noopener\">emilie@thepiacentegroup.com<\/a><br \/>Office line: + 86 21 6039 8363<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN31596&amp;sd=2022-01-14\"> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/i-mab-announces-execution-of-senior-management-team-share-purchase-plan-301461175.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/i-mab-announces-execution-of-senior-management-team-share-purchase-plan-301461175.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The execution demonstrates senior management team&#8217;s tremendous confidence in the Company&#8217;s innovative globally competitive pipeline and long-term growth prospects SHANGHAI and GAITHERSBURG, MD., Jan. 14, 2022 \/PRNewswire\/ &#8212; I-Mab (the &#8220;Company&#8221;) (Nasdaq: IMAB), a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel biologics, today announced that the senior management team of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-4975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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