I-Mab Honored with Top Rankings by Institutional Investor

Rhea-AI Summary

I-Mab (Nasdaq: IMAB) has been recognized in the "Honored Companies" and "Best CFO" categories by Institutional Investor's 2021 All-Asia Executive Team survey, highlighting its commitment to innovation and financial management. Since its IPO in 2020, I-Mab has achieved key clinical milestones, maintaining over $6 billion in market capitalization. The company’s pipeline includes 16 assets, with 11 in clinical development. Recently, it raised $418 million in one of the largest PIPE financings and has been added to over 50 global indexes, underscoring its strong market presence.

Positive

• Ranked among top companies by Institutional Investor in 'Honored Companies' and 'Best CFO' categories.
• Achieved significant clinical milestones with a pipeline of 16 novel assets and 11 in clinical development.
• Market capitalization exceeds $6 billion, reflecting strong market performance.
• Raised approximately $418 million in one of the largest PIPE financings.
• Added to over 50 global indexes, enhancing visibility.

Negative

• None.

SHANGHAI and GAITHERSBURG, Md., June 30, 2021 /PRNewswire/ -- I-Mab (the "Company") (Nasdaq: IMAB), a clinical stage biopharmaceutical company committed to the discovery, development and commercialization of novel biologics, today announced that it was ranked among the top companies by leading global financial publication Institutional Investor in both the "Honored Companies" and "Best CFO" categories, according to its 2021 All-Asia Executive Team survey. The recognition signifies the continued success of I-Mab's commitment to innovation, leadership and financial management through rapid growth and progress.

Since I-Mab's initial public offering in 2020, the Company has advanced its innovative pipeline and achieved a series of critical clinical milestones, forged multiple strategic global collaborations, and made significant progress in its transformation from a clinical stage biotech to a fully integrated biopharma. I-Mab's globally competitive pipeline has now progressed to include 16 novel or highly differentiated assets with 11 in clinical development stages and five in the pre-clinical stage. The Company's R&D effort is further complemented by new discovery initiatives aiming to create the next generation of innovative assets through transformative platform technologies.

I-Mab has also maintained strong capital market performance, growing to a market capitalization of more than US $6 billion. In September 2020, I-Mab raised approximately US $418 million through a private placement by a consortium of institutional investors led by Hillhouse Capital in one of the largest PIPE financing events in recent history. I-Mab has also been added to a growing list of over 50 global indexes, including the Nasdaq Biotechnology Index, S&P APAC Emerging Market BMI, and MSCI China All Shares Index.

"This achievement is a testament to the excellent track record of our management team, strong culture of innovation and talented employees across the world," Mr. Jielun Zhu, Director and CFO of I-Mab, commented. "I-Mab's finance team is focused on building our investor relations and financial operations to support the company's growth and transformation to a fully integrated global biopharma company. We are unwavering in our commitment to innovation and to creating continued value for shareholders and investors."

Institutional Investor is one of the industry's most trusted global sources for research and rankings among top analysts and portfolio managers. For Institutional Investor's "2021 All-Asia Executive Team" survey, a total of 4,084 investors and portfolio managers and analysts from 1,285 voter firms globally participated in this survey, nominating a total of 1,438 companies and 2,690 individuals across 18 sectors.

About I-Mab

I-Mab (Nasdaq: IMAB) is an innovation-driven global biotech company focusing on discovery, development and soon commercialization of novel and highly differentiated biologics in immuno-oncology therapeutic area. The Company's mission is to bring transformational medicines to patients around the world through drug innovation. I-Mab's globally competitive pipeline of more than 15 clinical and pre-clinical stage drug candidates is driven by its internal R&D capability and global licensing partnerships, based on the Company's unique Fast-to-Proof-of-Concept and Fast-to-Market pipeline development strategies. The Company is now rapidly progressing from a clinical stage biotech company to a fully integrated global biopharmaceutical company with cutting-edge global R&D capabilities, a world-class GMP manufacturing facility and commercialization capability. I-Mab has established its global footprint in Shanghai (headquarters), Beijing, Hangzhou and Hong Kong in China, and Maryland and San Diego in the United States. For more information, please visit http://ir.i-mabbiopharma.com and follow I-Mab on LinkedIn, Twitter and WeChat.

For more information, please contact:

I-Mab
Jielun Zhu, Chief Financial Officer
E-mail: jielun.zhu@i-mabbiopharma.com
Office line: +86 21 6057 8000

Gigi Feng, Chief Communications Officer
E-mail: gigi.feng@i-mabbiopharma.com
Office line: +86 21 6057 5709

Investor Inquiries:

The Piacente Group, Inc.
Emilie Wu
E-mail: emilie@thepiacentegroup.com
Office line: + 86 21 6039 8363

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SOURCE I-Mab

FAQ

What recognition did I-Mab receive in June 2021?

I-Mab was recognized as an 'Honored Company' and for 'Best CFO' by Institutional Investor's 2021 All-Asia Executive Team survey.

What is I-Mab's pipeline status as of June 2021?

I-Mab's pipeline includes 16 novel assets, with 11 in clinical development and 5 in pre-clinical stages.

What is I-Mab's market capitalization as of June 2021?

I-Mab has a market capitalization of over $6 billion.

How much capital did I-Mab raise in September 2020?

I-Mab raised approximately $418 million through a private placement led by Hillhouse Capital.

What global rankings has I-Mab achieved?

I-Mab has been added to over 50 global indexes, including the Nasdaq Biotechnology Index and MSCI China All Shares Index.