Adagene Inc. (ADAG) Announces $10M Share Buyback

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Go back to Adagene Inc. (ADAG) Announces $10M Share Buyback

Adagene Announces Authorization of Share Repurchase Program up to US$10 Million

June 29, 2022 4:05 PM EDT

SAN DIEGO and SUZHOU, China, June 29, 2022 (GLOBE NEWSWIRE) -- Adagene Inc. (Adagene) (Nasdaq: ADAG), a company transforming the discovery and development of novel antibody-based therapies, today announced that its board of directors has authorized a share repurchase program under which, Adagene may repurchase up to US$10 million of its ordinary shares in the form of American depositary shares, subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Companys insider trading policy (such repurchase program, the 2022 Share Repurchase Program).

The Companys share... More