“I-Mab made excellent progress executing its corporate strategy in 2024, including the establishment of a new operating model as a U.S.-based global biotech company, completion of the divestiture of operations in China, including extinguishment of all remaining redemption obligations, appointment of U.S.-based auditors, enhanced transparency through quarterly financial reporting, and buildout of a U.S.-based leadership team,” said Sean Fu, PhD, MBA, CEO and Board Member of I-Mab. “Building on this positive momentum, the Company has implemented a portfolio prioritization to support the accelerated development of givastomig.”