Adagene Inc. Sponsored ADR ADAG

2.93 (0.05) (1.68%) as of 25 Sep
Market cap
$200.1M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.16
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — 2 1
Sell — — — — — — — — — — — —
Insider Ownership —

Capital & Financial Ratios

Market Cap 200.08
Revenue —
Net Income (80.89)
Free Cash Flow (71.41)
Net Debt (126.59)
Current Ratio 5.02
Debt/Equity 0.01
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth (14.47%)
This Y EPS Growth (61.90%)
Next Y EPS Growth (29.71%)
Next 5Y EPS Growth (28.17%)
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 110 85 75 128
Receivables 0 0 0 0
Inventory — — — —
Other — — — —
113 88 77 132
2023 2024 2025 Q'26
Payables 3 4 3 16
ST’ Debt 4 13 1 0
Other — — 4 3
31 38 25 26
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 61.38% (6.19%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (24.79%)

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 8
’24 — — — — 0
’23 — — — — 18
’22 — — — — 9
’21 — — — — 10
’20 — — — — 1
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — (15) — — —
’25 — (11) — (16) (16)
’24 — (13) — (30) (30)
’23 — — — (28) (28)
’22 — — — (49) (49)
’21 — — — (43) (43)
’20 — — — (18) (29)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — (15) — — —
’25 — (11) — (16) (16)
’24 — (13) — (30) (30)
’23 — — — (29) (29)
’22 — — — (49) (49)
’21 — — — (46) (46)
’20 — — — (18) (29)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (0.30)
’24 — — — — (0.59)
’23 — — — — (0.35)
’22 — — — — (1.48)
’21 — — — — (1.46)
’20 — — — — (2.67)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — 7.00 0.90 1.10 1.74 1.30

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — 31.83 9.25 2.10 4.38 3.16
High Price
— — — — 198 259 248 174 138 128
Employees
— — — 0 0 0 0 0 0 0
Revenue/Emp
— — — 0 1 10 9 18 0 8
Revenue
— — — 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
— — — (16) (42) (71) (80) (17) (33) (18)
EBT
— — — (3,423.40%) (6,048.98%) (702.45%) (855.65%) (95.27%) (32,404.75%) (233.44%)
EBT Margin
— 0 — (42) (42) (73) (80) (19) (33) (18)
Net Income
— — — 1 1 1 1 1 1 0
Depreciation
— — — 0.04 0.05 0.25 0.21 0.41 0.00 0.16
Revenue/Sh
— — — (1.35) (2.67) (1.46) (1.48) (0.35) (0.59) (0.30)
Earnings/Sh
— — — (2.35) (2.24) (1.08) (1.12) (0.65) (0.66) (0.33)
Cash Flow/Sh
— — — (0.08) (0.07) (0.06) (0.02) 0.00 0.00 0.00
Capex/Sh
— — — (2.43) (2.31) (1.15) (1.14) (0.65) (0.66) (0.33)
Free CF/Sh
— — — (4.69) (7.00) 3.91 1.92 1.61 1.12 0.75
Book Value/Sh
— — — 12 13 40 43 44 45 47
Shares
— — — 0.00 0.00 — — — — —
PE Ratio
— — — 0.00 0.00 — — — — —
PS Ratio
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PB Ratio
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
— — — 0.00 0.00 0.00 0.89 0.65 0.59 1.04
EV/FCF
— — — (29) (29) (43) (49) (28) (30) (16)
Op' Cash Flow
— — — (1) (1) (3) (1) 0 0 0
Capex
— — — (29) (29) (46) (49) (29) (30) (16)
FCF
— — — 97 63 156 94 82 50 52
Working Cap'
— — — 2 4 4 17 18 13 2
Total Debt
— — — (99) (71) (170) (127) (92) (72) (73)
Net Debt
— — — (57) (89) 157 83 71 51 35
Sh' Equity
— — — (31.50%) (44.85%) (53.48%) (46.78%) (14.13%) (32.61%) (21.02%)
ROA
— — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — 22.78% 58.26% (217.98%) (66.74%) (24.66%) (55.21%) (41.01%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025

Adagene Inc. Sponsored ADR (ADAG) key facts

  • Adagene Inc. Sponsored ADR (ADAG) is a Biotechnology company in the Healthcare sector, traded in the US as an ADR.
  • As of September 25, 2026, ADAG traded at $2.93, a market capitalization of $200.1 million.
  • Return on equity was −41.0% and debt-to-equity 0.01.

Source: company filings (standardised) and stockrow calculations.

Adagene Inc. Sponsored ADR (ADAG) Latest News

News by impact score

Fine-tune

22 Sep

4

China's NMPA approved Adagene's IND for ADG138, a double-masked HER2×CD3 bispecific T-cell engager using the SAFEbody precision-masking technology. A first-in-human Phase 1 study in patients with advanced solid tumors is expected to start in China in Q4 2026 to evaluate safety, preliminary efficacy, and determine the Phase 2 dose. Preclinical data showed strong tumor regression in HER2-expressing models, including Enhertu-resistant tumors, and synergy with anti-CTLA-4, anti-PD-1, or anti-CD137 antibodies. ADG138 is designed to be activated in the tumor microenvironment to minimize off-tumor binding and cytokine release, with a longer apparent half-life and higher systemic exposure than unmasked counterparts. Adagene notes the platform can generate broader immunotherapy applications. Peter Luo, Ph.D., says the IND clearance validates the preclinical package and supports clinical development. IND clearance for a novel double-masked HER2×CD3 T-cell engager enables first-in-human trials and could meaningfully advance Adagene's SAFEbody platform and solid-tumor strategy.

10 Sep

3

Third Arc Bio selected its first lead candidate under an amended collaboration with Adagene to develop masked CD3 T cell engagers using SAFEbody technology. Progress on lead candidate selection advances Adagene's technology licensing and potential future revenues.

9 Sep

3

Adagene achieves milestone in collaboration with Exelixis for advancement of SAFEbody antibody-drug conjugate candidates. Milestone advances Adagene's ADC pipeline through Exelixis partnership with moderate effects on operations and positioning.

12 Aug

3

Adagene reports financial results for the first six months of 2026 and provides corporate updates. Interim financial results typically influence near-term investor sentiment without fundamentally shifting long-term trajectory.

19 May

4

Adagene advances masked CTLA-4 trial in colorectal cancer while spotlighting ADG126 development strategy. Clinical trial progress for ADG126 in colorectal cancer signals major strategic advancement with strong potential to shift company trajectory and investor sentiment.

20 Apr

4

Adagene (ADAG) partners with Incyte (INCY) to evaluate a combination therapy for colorectal cancer. Partnership with Incyte validates Adagene's technology and opens potential for milestone payments, licensing deals, and pipeline advancement.

17 Apr

4

Adagene presented two posters at AACR 2026 with new data highlighting Muzastotug’s potential as a backbone combination therapy for multiple tumor types. Promising new data on Muzastotug at AACR 2026 signals strong pipeline progress, likely driving significant investor sentiment and stock performance for Adagene.

5 Apr

4

Incyte (INCY) shares climb 6.2% following positive Povorcitinib data and new oncology collaboration, prompting questions on bull case changes. New oncology collaboration with Incyte marks a major strategic partnership boosting Adagene's oncology pipeline and market position.

2 Apr

4

Adagene priced its public offering of 23,333,334 American Depositary Shares at $3.00 each, raising $70.0 million before expenses, with underwriters' option for additional shares. A $70 million capital raise through public offering provides substantial funding for biotech development and operations, significantly strengthening financial position and investor confidence.

4

Adagene announces clinical collaboration with Incyte to evaluate Muzastotug (ADG126) combined with Incyte’s TGFβR2xPD-1 bispecific antibody (INCA33890) in patients with microsatellite stable colorectal cancer (MSS CRC). Clinical collaboration with Incyte advances Adagene's Muzastotug into a key oncology combo trial, boosting pipeline validation and partnership prospects.

4

Adagene reports updated Phase 1b/2 data showing Muzastotug combined with Keytruda (pembrolizumab) demonstrates improved durability of response in late-line microsatellite stable colorectal cancer patients. Positive updated Phase 1b/2 clinical data on Muzastotug-Keytruda combo improves response durability in late-line MSS CRC, signaling pipeline progress likely to boost stock and partnerships.

1 Apr

4

Adagene Inc. Sponsored ADR (ADAG) reported full year 2025 financial results and provided a corporate update. Full-year financial results and corporate updates represent major strategic disclosures that can significantly sway investor sentiment and stock trajectory.

9 Mar

4

Adagene spotlighted ADG126 at the Leerink conference and teased an upcoming new data update on MSS colorectal cancer. Spotlighting ADG126 at Leerink and teasing imminent MSS colorectal cancer data update signals key pipeline advancement likely to enhance investor sentiment and market performance.

25 Feb

4

Adagene highlighted clinical data on ADG126 combined with KEYTRUDA, focusing on late-line microsatellite stable colorectal cancer, during an Oppenheimer conference presentation. Spotlighting combo therapy data with blockbuster KEYTRUDA in oncology at a key conference boosts pipeline visibility and investor sentiment for ADAG.

23 Jan

4

Adagene Inc. provided a business update outlining its strategic objectives for 2026, focusing on advancing its pipeline of antibody-based therapies and enhancing its proprietary technology platform. The company aims to strengthen its market position and drive growth through innovative product development and strategic partnerships. The outlined objectives and strategic focus indicate a significant potential impact on the company's future performance and market positioning.

19 Jan

3

Adagene Inc. Sponsored ADR (ADAG) is highlighted among penny stocks to watch in January 2026 due to its recent developments and potential for growth. The company is focusing on innovative therapies and strategic partnerships that may enhance its market position. Investors are encouraged to monitor ADAG for possible investment opportunities as it navigates the evolving biotech landscape. Recent developments may moderately influence Adagene's market position and investor sentiment.

19 Dec

3

Adagene Inc. Sponsored ADR (ADAG) is highlighted as one of three promising penny stocks with market capitalizations exceeding $30 million. The company is noted for its innovative approaches in the biopharmaceutical sector, particularly in developing antibody-based therapies. Investors are encouraged to consider ADAG for potential growth opportunities in the evolving market landscape. Adagene's innovative developments may moderately influence its market performance and competitive positioning.

17 Dec

4

Adagene Inc. has received Fast Track Designation from the FDA for its colorectal cancer drug, which aims to expedite the development and review process. This designation is intended to facilitate the drug's availability to patients with unmet medical needs, potentially enhancing Adagene's market position in oncology. The company is focused on advancing its innovative therapies to address significant health challenges in cancer treatment. Fast Track Designation is a significant regulatory milestone that can accelerate product development and improve market positioning.

16 Dec

4

Adagene Inc. has received FDA Fast Track Designation for its investigational drug Muzastotug (ADG126), which is aimed at treating patients with advanced solid tumors. This designation is intended to expedite the development and review process, potentially allowing for quicker access to the treatment for patients in need. The Fast Track status highlights the drug's potential to address unmet medical needs in oncology. FDA Fast Track Designation can significantly accelerate the development timeline and market entry for Muzastotug, impacting Adagene's future performance.

13 Nov

4

Adagene Inc. has entered into a licensing agreement with Third Arc Bio to develop two masked CD3 T cell engagers utilizing its SAFEbody® technology. This collaboration aims to enhance the therapeutic potential of T cell engagers while minimizing off-target effects, potentially advancing cancer treatment options. The licensing agreement represents a significant strategic move that could enhance Adagene's product offerings and market position in the oncology sector.

31 Oct

4

Adagene Inc. has announced that the first patient has been dosed in the randomized dose optimization cohort of its Phase 2 study for Muzastotug (ADG126) in combination with KEYTRUDA® (pembrolizumab) targeting microsatellite stable colorectal cancer. This marks a significant step in the clinical development of ADG126, which aims to enhance treatment options for this patient population. The initiation of this Phase 2 study represents a significant advancement in Adagene's clinical pipeline and could impact its market position and investor sentiment.

30 Sep

4

Adagene Inc. has received a rating upgrade to 'Buy' from analysts, reflecting positive sentiment regarding the company's growth potential and strategic direction. This upgrade is expected to enhance investor confidence and may lead to increased market interest in the stock. Analysts highlight the company's innovative pipeline and recent developments as key factors contributing to this improved outlook. The rating upgrade indicates significant positive sentiment and potential for future growth, which could alter investor perception and market dynamics.

25 Sep

3

Adagene Inc. Sponsored ADR (ADAG) has shown resilience in a challenging market for medical stocks this year. Despite broader industry struggles, ADAG's performance has been relatively strong, attributed to its innovative approaches and strategic initiatives. Investors are closely monitoring the company's developments as it navigates the competitive landscape, which may influence future market sentiment and performance. Adagene's innovative strategies may moderately influence its competitive positioning and financial performance.

18 Sep

4

Adagene Inc.'s SAFEbody technology may influence Exelixis' oncology pipeline strategy, potentially enhancing its therapeutic offerings. The technology allows for targeted delivery of therapeutics, which could improve treatment efficacy and patient outcomes. As Exelixis evaluates its options, the integration of SAFEbody technology could lead to strategic shifts in its drug development approach, impacting its competitive positioning in the oncology market. The potential integration of SAFEbody technology could significantly alter Exelixis' oncology strategy and market dynamics.

16 Sep

4

Adagene Inc. has expanded its collaboration and license agreement with Exelixis to develop a third novel masked antibody-drug conjugate using its SAFEbody® technology. This partnership aims to enhance the development of innovative cancer therapies, leveraging Adagene's proprietary platform to create targeted treatments. The expansion of the collaboration with Exelixis represents a significant strategic move that could enhance product development and market positioning.

8 Sep

4

Adagene Inc. (ADAG) has shown strong performance this year, outpacing many of its medical peers. The company is focused on developing innovative antibody-based therapies and has made significant strides in its clinical trials. Investors are optimistic about its growth potential, particularly in the context of increasing demand for advanced cancer treatments. The stock's performance reflects positive market sentiment and confidence in Adagene's strategic direction. Adagene's advancements in clinical trials and strong market performance indicate significant potential for future growth and investor interest.

5 Sep

4

Adagene Inc. announced that its investigational drug ADG126 will be featured in two presentations at the 2025 Chinese Society of Clinical Oncology (CSCO) Meeting in Jinan, China. These presentations are expected to highlight the drug's potential in treating various cancers, showcasing the company's ongoing commitment to advancing its clinical pipeline. The presentations at a major oncology meeting could significantly enhance visibility and credibility for ADG126, impacting investor sentiment and future market performance.

3 Sep

4

Adagene Inc. has appointed Axel Hoos, M.D., Ph.D., a prominent figure in immuno-oncology, as an Executive Advisor. Hoos brings extensive experience in drug development and strategic leadership, having previously held key roles at major pharmaceutical companies. His expertise is expected to enhance Adagene's capabilities in advancing its innovative antibody-based therapies and strengthen its position in the competitive oncology market. The appointment of a well-respected leader in immuno-oncology is likely to significantly influence Adagene's strategic direction and market positioning.

21 Aug

3

Adagene Inc. Sponsored ADR (ADAG) has shown strong performance in the medical sector this year, outperforming many of its peers. The company's innovative approaches and strategic initiatives have contributed to its positive market sentiment. Investors are closely monitoring ADAG's developments as it continues to navigate the competitive landscape of the medical industry. Adagene's performance reflects moderately noticeable influences from its strategic initiatives and market positioning.

3

Adagene Inc. Sponsored ADR (ADAG) is highlighted as one of three promising penny stocks with a market cap exceeding $90 million. The company is noted for its innovative approach in the biopharmaceutical sector, focusing on antibody-based therapies. Investors are encouraged to consider ADAG due to its potential for growth and the increasing interest in biotech stocks. The article emphasizes the importance of market capitalization in evaluating investment opportunities, particularly in the context of penny stocks. Adagene's innovative approach in the biopharmaceutical sector may moderately influence its financial performance and market positioning.

stockrow.com/ADAG · Data as of Dec 31, 2025 · For information only; not investment advice. · © 2026 stockrow.com