- Five independent members of MAIA's Board of Directors purchased shares in the offering
MAIA Biotechnology, Inc., (NYSE:MAIA) ("MAIA", the "Company"), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today announced that independent director Ms. Adelina Louie Ngar Yee made an individual purchase of 170,940 shares of the Company's common stock as part of the Company's recent private placement of common stock and warrants.
Vlad Vitoc, M.D., MAIA's Chairman and Chief Executive Officer, commented, "Our ongoing progress has encouraged our top investors to continue participating in our offerings. We appreciate the support of our top investor, Adelina, alongside Stan Smith's participation in the same offering. We look forward to providing additional updates on our pipeline as we move forward with our development of novel cancer treatments."
Ms. Adelina Louie, MAIA director since 2020, said, "I believe MAIA is at the critical point of bringing life-changing therapies to large populations of cancer sufferers and I'm proud to offer my support as an investor and board member."
Ms. Louie has 30 years of service with HSBC Group in a variety of functions, principally with businesses of Global Banking and Markets including investment and securities management, asset management, and global research. Most recently she was the Chief Operating Officer of Internal Audit at HSBC Group.