I-Mab (IMAB) Stock Analysis
DELISTED 2025
What happened to I-Mab (IMAB) stock?
I-Mab (IMAB) no longer trades on public markets. It was delisted in October 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
I-Mab (IMAB) trades at $2.88. I-Mab is a clinical-stage biopharmaceutical company focused on developing innovative biologics for cancer and autoimmune diseases. Market cap: $542M, Sector: Healthcare.
Last analyzed: Mar 17, 2026Analyst Coverage for IMAB: IMAB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IMAB against Healthcare peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
IMAB: 1/2 scored disciplines lean bearish. Dominant signal: Ken Griffin bullish.
How is this calculated? →I-Mab (IMAB) Healthcare & Pipeline Overview
I-Mab is a clinical-stage biopharmaceutical company specializing in the discovery, development, and commercialization of biologics for cancer and autoimmune disorders. With a diverse pipeline of drug candidates in clinical trials and strategic collaborations with major pharmaceutical companies, I-Mab aims to address unmet medical needs in the global healthcare market.
What Is the Investment Thesis for IMAB?
I-Mab presents a notable research candidate due to its diverse pipeline of clinical-stage biologics targeting significant unmet medical needs in oncology and autoimmune diseases. The company's strategic collaborations with major pharmaceutical companies like AbbVie and Roche Diagnostics validate its technology and provide potential revenue streams. Key value drivers include the successful advancement of lead drug candidates, such as Felzartamab and Lemzoparlimab, through clinical trials and regulatory approvals. The company's market capitalization of $542M, combined with a high beta of 1.46, suggests potential for significant returns, although it also indicates higher volatility. A key risk is the inherent uncertainty in drug development, including potential clinical trial failures and regulatory hurdles. The company's P/E ratio of -30.83 reflects its current lack of profitability, which is typical for clinical-stage biopharmaceutical companies.
Based on FMP financials and quantitative analysis
IMAB Key Highlights
I-Mab is developing Felzartamab, a CD38 antibody, currently in Phase 1b/2a clinical trials for the treatment of membranous nephropathy.
- Eftansomatropin alfa, a long-acting human growth hormone, has completed Phase 3 clinical trials for pediatric growth hormone deficiency.
- Lemzoparlimab, a CD47 monoclonal antibody, has completed Phase 2 clinical trials, demonstrating potential in oncology.
- I-Mab has established strategic collaborations with AbbVie, Sinopharm, PT Kalbe Genexine Biologics, and Roche Diagnostics.
- The company's pipeline includes multiple drug candidates targeting cancer and autoimmune diseases, addressing significant unmet medical needs.
Who Are IMAB's Competitors?
IMAB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ALT Altimmune, Inc. | $2.95 | -5.45% | $574M | — |
| ANNX Annexon, Inc. | $5.50 | +4.17% | $901M | 44 |
| AURA Aura Biosciences, Inc. | $7.77 | -0.26% | $804M | 54 |
| DMAC DiaMedica Therapeutics Inc. | $6.52 | -4.26% | $351M | 50 |
| DRTS Alpha Tau Medical Ltd. | $14.43 | -0.28% | $1.30B | 52 |
| ADGI Adagio Therapeutics, Inc. | $4.64 | +0.87% | $506M | 71 |
| MDXG MiMedx Group, Inc. | $4.30 | -3.37% | $627M | 90 |
| CRMD CorMedix Inc. | $8.33 | -2.19% | $654M | 95 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IMAB's Key Strengths?
Diverse pipeline of clinical-stage drug candidates.
- Strategic collaborations with major pharmaceutical companies.
- Proprietary drug development platform for biologics.
- Experienced management team.
What Are IMAB's Weaknesses?
Lack of profitability as a clinical-stage company.
- High reliance on clinical trial outcomes and regulatory approvals.
- Limited commercial infrastructure.
- Geographic concentration in China.
What Could Drive IMAB Stock Higher?
Data readout from Phase 1b/2a clinical trial of Felzartamab for membranous nephropathy.
- Regulatory approval decision for Eftansomatropin alfa for pediatric growth hormone deficiency.
- Advancement of Lemzoparlimab through clinical trials in oncology.
- Expansion of strategic collaborations with pharmaceutical companies.
What Are the Key Risks for IMAB?
Negative return on equity (-0.6%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Clinical trial failures and regulatory setbacks for drug candidates.
- Competition from established pharmaceutical companies and emerging biotech firms.
- Changes in healthcare regulations and reimbursement policies.
- Economic downturns and market volatility.
- Currency risk associated with investing in an ADR.
What Are the Growth Opportunities for IMAB?
- Expansion of Felzartamab into additional indications: Felzartamab, currently in Phase 1b/2a trials for membranous nephropathy, has the potential to be expanded into other CD38-related autoimmune diseases. The market for autoimmune disease therapies is substantial, with a global market size estimated at $120 billion. Successful clinical trials and regulatory approvals in additional indications could significantly increase the drug's market potential and drive revenue growth for I-Mab. This expansion could occur within the next 3-5 years, pending clinical trial outcomes.
- Commercialization of Eftansomatropin alfa for pediatric growth hormone deficiency: Eftansomatropin alfa, a long-acting human growth hormone that has completed Phase 3 clinical trials, represents a near-term commercial opportunity for I-Mab. The market for growth hormone deficiency therapies is estimated at $4 billion globally. Successful regulatory approval and commercial launch of Eftansomatropin alfa could generate significant revenue for the company. This opportunity is expected to materialize within the next 1-2 years, pending regulatory review and approval.
- Advancement of Lemzoparlimab in oncology: Lemzoparlimab, a CD47 monoclonal antibody that has completed Phase 2 clinical trials, holds promise as a novel cancer immunotherapy. The market for cancer immunotherapies is rapidly growing, with a global market size estimated at $40 billion. Further clinical development and regulatory approval of Lemzoparlimab could position I-Mab as a key player in the oncology market. This opportunity is expected to unfold over the next 3-5 years, contingent on clinical trial results.
- Strategic collaborations with pharmaceutical companies: I-Mab's existing collaborations with AbbVie, Sinopharm, PT Kalbe Genexine Biologics, and Roche Diagnostics provide access to resources, expertise, and market access. Expanding these collaborations or establishing new partnerships could accelerate the development and commercialization of I-Mab's drug candidates. Strategic alliances are crucial in the biotechnology industry, allowing companies to share risks and rewards. This is an ongoing opportunity with no specific timeline.
- Development of novel biologics for autoimmune diseases: I-Mab's focus on developing innovative biologics for autoimmune diseases aligns with the growing prevalence of these conditions and the increasing demand for effective therapies. The company's pipeline includes several drug candidates targeting autoimmune indications, such as Felzartamab and Plonmarlimab. Continued investment in research and development could lead to the discovery and development of novel therapies that address unmet medical needs. This is a long-term growth opportunity with ongoing research and development efforts.
What Are IMAB's Competitive Advantages?
- Proprietary drug development platform for biologics.
- Strong intellectual property portfolio protecting its drug candidates.
- Strategic collaborations with leading pharmaceutical companies.
- Experienced management team with expertise in drug development and commercialization.
What Does IMAB Do?
Founded in 2014 and headquartered in Shanghai, China, I-Mab is a biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative biologics for the treatment of cancer and autoimmune diseases. The company's mission is to bring transformative medicines to patients worldwide through a combination of internal research and development efforts and strategic partnerships. I-Mab's pipeline includes a diverse portfolio of drug candidates in various stages of clinical development, targeting a range of oncology and autoimmune indications. Key programs include Felzartamab, a CD38 antibody in Phase 1b/2a trials for membranous nephropathy; Eftansomatropin alfa, a long-acting human growth hormone that has completed Phase 3 clinical trials for pediatric growth hormone deficiency; and Lemzoparlimab, a CD47 monoclonal antibody that has completed Phase 2 clinical trials. The company also has several other promising drug candidates in earlier stages of development, including Enoblituzumab, Efineptakin, TJ210, Plonmarlimab, and Uliledlimab. I-Mab has established strategic collaborations with leading pharmaceutical companies, including AbbVie, Sinopharm, PT Kalbe Genexine Biologics, and Roche Diagnostics, to accelerate the development and commercialization of its drug candidates. With a focus on innovation and a commitment to addressing unmet medical needs, I-Mab is poised to make a significant impact on the future of healthcare.
What Products and Services Does IMAB Offer?
- Discovers and develops innovative biologics for cancer and autoimmune disorders.
- Conducts clinical trials to evaluate the safety and efficacy of its drug candidates.
- Seeks regulatory approvals from agencies such as the FDA and EMA.
- Commercializes its approved drugs through partnerships and internal sales efforts.
- Engages in strategic collaborations with pharmaceutical companies to accelerate drug development.
- Focuses on addressing unmet medical needs in oncology and autoimmune diseases.
- Utilizes advanced technologies and research methods to discover novel drug targets.
How Does IMAB Make Money?
- Develops and patents novel biologics for cancer and autoimmune diseases.
- Out-licenses or co-develops its drug candidates with pharmaceutical partners.
- Generates revenue through milestone payments, royalties, and product sales.
- Invests in research and development to expand its pipeline of drug candidates.
What Industry Does IMAB Operate In?
The biotechnology industry is characterized by high growth potential driven by innovation in drug development and increasing demand for novel therapies. I-Mab operates in a competitive landscape that includes established pharmaceutical companies and emerging biotech firms. The company's focus on biologics and strategic collaborations positions it to capitalize on market trends such as the growing adoption of targeted therapies and the increasing prevalence of cancer and autoimmune diseases. The biotechnology industry is expected to continue its growth trajectory, driven by advancements in genomics, proteomics, and personalized medicine.
Who Are IMAB's Key Customers?
- Patients suffering from cancer and autoimmune diseases.
- Healthcare providers who prescribe and administer I-Mab's drugs.
- Pharmaceutical companies that partner with I-Mab to develop and commercialize its drugs.
- Hospitals and clinics that use I-Mab's therapies.
Forward Outlook
Wall Street analysts project I-Mab revenue of about $10.2M for fiscal 2026, with EPS near $-3.52. The estimate reflects 7 contributing analysts.
IMAB Valuation & Market Position
With a $542M market cap, I-Mab sits in the small-cap segment of the market.
Key Financial Metrics
Return on equity for I-Mab stands at -0.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -53.4%, showing how much profit it generates from its asset base. Its free cash flow yield is -0.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 8.09 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -3.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
I-Mab's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
Company Profile
I-Mab operates in the Biotechnology industry within the Healthcare sector. It is headquartered in Rockville, US. The company is led by CEO Xi-Yong Fu. IMAB has traded publicly since 2020.
IMAB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- I-Mab's recent strategic collaborations signal strong industry validation and potential for future revenue streams. Think of it like BioNTech partnering with Pfizer – it adds credibility.
- Positive community sentiment suggests growing investor confidence in I-Mab's pipeline and long-term prospects. It's similar to the early days of CRISPR stocks.
- Insider buying activity often reflects management's belief in the company's undervalued potential. It’s a vote of confidence, like Elon buying Tesla stock.
- Market perception sees I-Mab as a key player in innovative oncology treatments, which could attract further investment and partnerships. This is reminiscent of the buzz around Kite Pharma before its acquisition.
Bear Case
- Recent insider selling, even if planned, can create uncertainty among investors. It's like when executives sold Lehman Brothers stock before the 2008 crash.
- Bearish community sentiment highlights concerns about potential clinical trial setbacks or regulatory hurdles. This mirrors anxieties around Biogen's Aduhelm approval.
- Market perception of increased competition in the oncology space could limit I-Mab's market share and growth potential. It's similar to the generic drug market pressures.
- Lack of significant positive news flow in the last 30 days may indicate a slowdown in momentum and investor interest. This is akin to a company going quiet before a disappointing earnings report.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
IMAB Latest News
No recent news available for IMAB.
Leadership: Xi-Yong Fu
CEO
Xi-Yong Fu is the CEO of I-Mab, leading a team of 32 employees. His background includes extensive experience in the biopharmaceutical industry, with a focus on drug development and commercialization. He has held leadership positions at several pharmaceutical companies, where he oversaw the development and launch of multiple successful products. His expertise spans various therapeutic areas, including oncology, immunology, and infectious diseases. He is known for his strategic vision and ability to build and lead high-performing teams.
Track Record: Under Xi-Yong Fu's leadership, I-Mab has made significant progress in advancing its pipeline of drug candidates through clinical trials. The company has established strategic collaborations with major pharmaceutical companies, validating its technology and providing access to resources and expertise. Key milestones include the completion of Phase 3 clinical trials for Eftansomatropin alfa and the advancement of Lemzoparlimab into Phase 2 clinical trials. His leadership has been instrumental in driving the company's growth and establishing its position as a leading biopharmaceutical company.
I-Mab ADR Information Sponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. IMAB, as an ADR, allows U.S. investors to invest in I-Mab more conveniently without the complexities of cross-border transactions. Each IMAB ADR represents a specific number of I-Mab's ordinary shares traded on its home market.
- Home Market Ticker: Shanghai Stock Exchange, China
- ADR Level: 2
- ADR Ratio: 1:1
I-Mab Healthcare Stock: Key Questions Answered
What happened to I-Mab (IMAB) stock?
I-Mab (IMAB) no longer trades on public markets. It was delisted in October 2025. The figures below are historical and are not a current quote.
Can I still buy IMAB shares?
No. IMAB stopped trading on public markets in October 2025, so the shares are not available through a broker. Anything you see quoted for IMAB elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before IMAB stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to I-Mab. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does I-Mab do?
I-Mab is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing innovative biologics for the treatment of cancer and autoimmune diseases. The company's pipeline includes multiple drug candidates in various stages of clinical development, targeting significant unmet medical needs.
What are the main risks for IMAB?
The main risks for I-Mab include the inherent uncertainty in drug development, including the potential for clinical trial failures and regulatory setbacks. The company also faces competition from established pharmaceutical companies and emerging biotech firms. Changes in healthcare regulations and reimbursement policies could also impact the company's prospects.
How does I-Mab navigate regulatory approval processes?
I-Mab navigates regulatory approval processes by adhering to strict guidelines set by regulatory agencies such as the FDA and EMA. The company conducts rigorous clinical trials to demonstrate the safety and efficacy of its drug candidates. I-Mab also maintains close communication with regulatory agencies throughout the development process to address any concerns and ensure compliance.
What is I-Mab's drug pipeline status?
I-Mab's drug pipeline includes multiple drug candidates in various stages of clinical development. Key programs include Felzartamab, a CD38 antibody in Phase 1b/2a trials for membranous nephropathy; Eftansomatropin alfa, a long-acting human growth hormone that has completed Phase 3 clinical trials for pediatric growth hormone deficiency; and Lemzoparlimab, a CD47 monoclonal antibody that has completed Phase 2 clinical trials.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- AI analysis is pending and may provide additional insights.