Adagene Inc. priced 18,666,000 American depositary shares at $3.75 for about $70.0 million gross, below the $4.61 last sale price on April 1. Leerink Partners LLC and LifeSci Capital LLC are joint book-running managers, and cash stood at $74.5 million at the end of 2025.
Adagene Inc. filed a prospectus supplement for an at-the-market program of up to US$100 million of American depositary shares, sold through Leerink Partners. The filing repeats the warning that its auditor is in mainland China, where trading in its ADSs could be barred.
Latest balance sheet, Dec 31, 2025 (20-F): cash and equivalents $74.5 million, plus short-term investments of $0, $74.5 million in all.
Figures as reported to the SEC in XBRL; each one links to its filing. Not adjusted, not investment advice.
Questions about Adagene
Has Adagene raised money recently?
Our latest story on this, dated Apr 2, 2026: "Adagene prices US$70.0 million offering of 18,666,000 ADSs at US$3.75". The story links the filing or release it is based on. Read the story.
What is the ticker symbol of Adagene?
Adagene Inc. trades under the ticker ADAG on NASDAQ.
Where is Adagene listed?
Adagene Inc. is listed on NASDAQ.
What is the SEC CIK of Adagene?
The SEC Central Index Key (CIK) for Adagene Inc. is 1818838. Its filings are on SEC EDGAR.
How many shares does Adagene have outstanding?
59,231,993 shares as of 2025-12-31, per the cover page of its 20-F filed 2026-04-01.
Which country or territory is Adagene listed under?
Our directory records Adagene Inc. under China.
What does Adagene do?
Our directory classifies Adagene Inc. as: Pharmaceuticals: Major. This is a directory classification, not a description of the pipeline.
What is the ISIN of Adagene?
The ISIN recorded for Adagene Inc. is US0053291078.
Does aibio.space cover Adagene?
aibio.space lists Adagene Inc. among 2,820 public biotech companies and publishes its news here as stories appear.
Where is Adagene incorporated?
SEC records list its state or country of incorporation as E9.
What was Adagene's revenue last year?
$7.7 million for the fiscal year ended Dec 31, 2025, as reported to the SEC.
Is Adagene profitable?
Adagene Inc. reported a net loss of $17.6 million for the fiscal year ended Dec 31, 2025, and used $15.7 million of cash in operations, per its annual report to the SEC.
How much does Adagene spend on research and development?
$22.0 million in the fiscal year ended Dec 31, 2025, per its annual report.
How much cash does Adagene have?
$74.5 million in cash and short-term investments at Dec 31, 2025, per its 20-F.
What is the latest Adagene (ADAG) stock news?
Our latest story on Adagene, dated Apr 2, 2026: "Adagene prices US$70.0 million offering of 18,666,000 ADSs at US$3.75". Adagene Inc. priced 18,666,000 American depositary shares at $3.75 for about $70.0 million gross, below the $4.61 last sale price on April 1. Leerink Partners LLC and LifeSci Capital LLC are joint book-running managers, and cash stood at $74.5 million at the end of 2025. Source.
Investor discussion: Adagene
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Capital-markets timeline
Financings, listing notices, splits, legal actions and other investor events at Adagene, newest first. Each line links the filing it comes from.
Set up an at-the-market program to sell shares over time. SEC Form 424B5. Source
Financings
Set up an at-the-market program to sell shares over time. SEC Form F-3. Source
Stock chart
Price chart and quote supplied by TradingView, delayed as the exchange requires. It loads only if you choose to show it. Information only, not investment advice. Open NASDAQ:ADAG on TradingView.
SEC filings and registration
SEC name
Adagene Inc.
CIK
1818838
Industry (SIC)
Pharmaceutical Preparations (2834)
US tickers
ADAG (Nasdaq)
State or country of incorporation
E9
Fiscal year ends
December 31
Filer category
Accelerated filer<br>Emerging growth company
Business address
4F, BUILDING C14, NO. 218, XINGHU STREET, JIANGSU, China, 00000
Phone
86-512-87773632
Shares outstanding
59,231,993 as of 2025-12-31 (20-F filed 2026-04-01)
Recent filings (8-K and 6-K are the company's own announcements)
Source: SEC EDGAR, retrieved October 23, 2026. Shares outstanding is the cover-page figure from the latest periodic report. The SEC does not publish share prices.
Listing details
Adagene Inc. is a public biotech or pharmaceutical company listed on NASDAQ under the ticker ADAG, recorded under China. The directory classifies it as Pharmaceuticals: Major. aibio.space tracks 2,820 public biotech companies worldwide and publishes investor news on them.
Listing facts come from our company directory, researched on October 22, 2026. A listing record does not certify that a security currently trades. Tell us about a change. Work at this company? Claim this page.
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