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ADAG · Adagene Inc.

Company guidance, FDA catalysts, dilution risk and cash runway, built from SEC, FDA and ClinicalTrials.gov filings and updated every day.

$127.9M Cash on Hand
79.7mo Cash Runway
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📣 What ADAG Says Is Next

Quoted word for word from the company's press releases filed with the SEC. Timing is the company's own guidance, not a BioRadar estimate.

🧪 Trial & FDA Catalysts

📊 Drug Pipeline

DrugIndicationMost advanced trialStatus
Amezalpat (TPST-1120) Advanced Liver Cancers Phase 1/2 · NCT04524871 Active not recruiting
Tobemstomig Advanced Liver Cancers Phase 1/2 · NCT04524871 Active not recruiting
Tiragolumab Advanced Liver Cancers Phase 1/2 · NCT04524871 Active not recruiting
Pembrolizumab & ADG106 (Phase Ib) Advanced Solid Tumor Phase 1/2 · NCT05491083 Recruiting
PD-1 antibody injection Solid Tumor Phase 1/2 · NCT04775680 Terminated
Imdatifan (NKT2152) Advanced Liver Cancers Phase 1/2 · NCT04524871 Active not recruiting
Anti-CD137 Agonistic Monoclonal Antibody HER2-negative Breast Cancer Phase 1/2 · NCT05275777 Active not recruiting
Anti-LILRB2 Monoclonal Antibody IO-108 Advanced Liver Cancers Phase 1/2 · NCT04524871 Active not recruiting
Doxorubicin HER2-negative Breast Cancer Phase 1/2 · NCT05275777 Active not recruiting
Muzastotug (ADG126) Advanced/Metastatic Solid Tumors Phase 1/2 · NCT04645069 Completed
anti PD1 drug Advanced/Metastatic Solid Tumors Phase 1 · NCT04501276 Completed
Anti-CD137 Agonistic Monoclonal Antibody Advanced/Metastatic Solid Tumors Phase 1 · NCT05614258 Active not recruiting
Firastotug (ADG116) Advanced/Metastatic Solid Tumors Phase 1 · NCT04501276 Completed

Also used in these trials (approved or third-party drugs, not ADAG's own candidates): Nivolumab, Tocilizumab, Pembrolizumab, Paclitaxel, Cyclophosphamide, Bevacizumab, Atezolizumab.

Source: ClinicalTrials.gov trials sponsored by the company, one row per candidate at its most advanced registered trial. FDA approvals: Drugs@FDA. Wrong or missing drug? Report it

💰 Cash Runway & Dilution Risk

ADAG holds $127.9M in cash and short-term investments and burns about $4.8M/quarter from operations, an estimated runway of 79.7 months at that rate (BioRadar estimate, not company guidance).

Dilution pressure: 15 · Low

Recent financing filings on SEC EDGAR:

Source: SEC EDGAR (XBRL cash flow and financing filings). Dilution Watch: every company ranked → · Get an alert when ADAG files for a raise →

👥 Who Owns ADAG

Insiders 1.2% Other 5%+ holders 28.5% Institutions (42 holders) 36% Public and other holders 34.3%
HolderTypeShares% of sharesAs of
HAN 2020 Irrevocable Trust 5%+ holder (13D) 9,390,439 15.85% 2026-06-05
JANUS HENDERSON GROUP PLC Institution (13G, 5%+) 6,666,666 11.26% 2026-04-30
Smith Vincent C 5%+ holder (13G) 5,095,351 8.60% 2025-12-31
Chernett Jorey 5%+ holder (13G) 2,389,060 4.03% 2026-03-16
Mickael Yannick Chane-Du
Chief Strategy Officer
Insider 467,525 0.79% 2026-03-18
Qinghai Zhao
Chief Manufacturing Officer
Insider 130,214 0.22% 2026-03-18
Peter Luo
Chief Executive Officer, Director
Insider 88,535 0.15% 2026-09-16
Ulf Grawunder
Director · +85,000 options
Insider 25,000 0.04% 2026-03-17
Man Kin Tam
Chief Financial Officer, Director
Insider 12,000 0.02% 2026-09-23
Chunfang Gu
Executive Director of Finance
Insider 5,775 0.01% 2026-09-30
Ling Zhou
ED of Human Resources
Insider 2,969 0.01% 2026-03-18
Cuong V Do
Director · +110,000 options
Insider 2,000 0.00% 2026-08-14

Share count 59,231,993 (latest 10-Q/10-K). Insiders: each officer's, director's and 10% owner's latest Form 3, 4 or 5, direct and indirect shares; options are not counted. 5%+ holders: latest Schedule 13D or 13G of each holder above 5%. Institutions: the total held by all 13F filers (Yahoo Finance); the table lists the largest. Sources have different dates, so the split is approximate. Source: SEC EDGAR.

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Data: SEC EDGAR, FDA, ClinicalTrials.gov, Yahoo Finance • Informational purposes only, not investment advice. • All tracked stocks A–Z

This data is for informational purposes only, not investment advice. BioRadar does not provide buy/sell recommendations. Past performance does not guarantee future results. Always do your own due diligence.