IMAB transfers VIS-101 license to Everest, adds independent director
Rhea-AI Filing Summary
NovaBridge Biosciences (IMAB) reported two updates. Its subsidiary Visara signed an Assignment and Assumption Agreement with Everest Medicines (Singapore) Pte. Ltd., under which Everest will assume all rights and obligations Visara holds under the Exclusive License Agreement dated October 15, 2025 with AskGene Pharma, Inc.
The Board appointed Ian Ying Woo as an independent director, effective October 15, 2025, and named him to the Nominating and Corporate Governance Committee. Mr. Woo is President, Chief Financial Officer and Director of Everest Medicines Limited and will receive standard cash retainers and equity grants under the Company’s Non-Executive Director Compensation Policy. A press release (Exhibit 99.1) notes the assignment relates to VIS-101 in Greater China and certain other Asian countries. This report is incorporated by reference into the Company’s Form F-3 and Form S-8 registration statements.
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