Adagene shares rise on buyback program

Adagene

30/06/2022 12:06

** U.S.-listed shares of Adagene Inc  ADAG.O  up as much as
12.6% at $2.36 premarket
    ** The China-based drugmaker announced plan to repurchase up
to $10 mln of its ordinary shares in the form of American
depositary shares  urn:newsml:reuters.com:*:nGNX8TfRxY
    ** ADAG has a market cap of about $91.8 mln and 43.8 mln
outstanding shares - Refinitiv
    ** Up to last close, stock had fallen 74% this year

 (Reporting by Nandhini Srinivasan from Bengaluru)
 ((Nandhini.srinivasan@thomsonreuters.com))