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Adagene (ADAG) investor relations material
Adagene Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Platform-driven, clinical-stage biotech focused on novel antibody-based cancer immunotherapies using proprietary Dynamic Precision Library (DPL) platform, including NEObody, SAFEbody, and POWERbody technologies.
Lead candidate ADG126 (anti-CTLA-4 SAFEbody) in phase 1b/2 for metastatic MSS colorectal cancer; robust pipeline of earlier-stage candidates.
Operations conducted through subsidiaries in the U.S., China, and other countries; holding company structure based in the Cayman Islands.
Strategic collaborations with global partners leveraging proprietary technology platforms.
Financial performance and metrics
Historical net losses with continued losses expected in the near future; limited operating history makes future performance difficult to predict.
Cash payments of $24.5M (2022), $20.5M (2023), and $16.3M (2024) made to PRC subsidiary for R&D services.
Use of proceeds and capital allocation
No proceeds will be received from the sale of shares by the selling shareholder; company will bear registration and related expenses.
Net proceeds from prior equity financings used for R&D and operational funding.
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