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IMAB Stock Price News: 11.00% Increase

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I-Mab (NASDAQ: IMAB)’s stock price increased to 55.09, as of April 14 4:00PM EDT, Market Close. The preceding closing price was 49.63(April 13). A growth of 5.46 (11%) is significant. The opening price on April 14 was 49.64. The volume was 642,335, which is above average. To sum up, the day’s range was 49.64 – 56.66. 

I-Mab(NASDAQ: IMAB)’s stock price has increased by 8.46 if compared to the lowest price in the past 5 days, 46.63 (April 12 2:00PM EDT). I-Mab(NASDAQ: IMAB)’s stock price reached 56.66 on April 14, which is the highest since March 17 (57.33). There has been stagnant growth since April 12th. 

I-Mab Latest News

I-Mab (NASDAQ: IMAB) is a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of novel biologics, today announced that its abstract on proprietary and highly differentiated CD73 antibody uliledlimab (also known as TJD5, or TJ004309) has been selected for detailed poster presentation at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting, taking place virtually June 4-8, 2021.

Uliledlimab is a humanized CD73 antibody that works effectively as an anti-tumor agent through modulation of the tumor microenvironment by inhibiting the adenosine pathway that is implicated in tumor resistance to checkpoint immunotherapies. Uliledlimab is expected to offer clinical benefit by suppressing tumor growth in concert with checkpoint therapies such as PD-1 and PD-(L)1 antibodies. Uliledlimab is effective in anti-tumor activities through a unique intra-dimer binding, leading to differentiated and favorable functional properties as evident in preclinical studies.

I-Mab has made significant progress in the global clinical development of uliledlimab. In February 2021, I-Mab completed the initial assessment of its U.S. clinical study investigating uliledlimab as a monotherapy lead-in followed by combination with atezolizumab (Tecentriq®) in patients with solid tumors. Topline results from the clinical study under contract with TRACON show that uliledlimab is safe and well tolerated at the dose range evaluated and demonstrates clinical activity in patients with advanced solid tumors.

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Grayscale Litecoin Trust (OTCMKTS: LTCN)

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