On October 16, 2025, I-Mab announced a new business model aimed at advancing biotherapeutic assets through subsidiaries, along with a proposed name change to NovaBridge Biosciences, subject to shareholder approval on October 24, 2025. The company plans to finance its operations through a $37 million investment in its subsidiary, Visara, and the announcement includes the appointment of Kyler Lei as CFO effective immediately.