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BridgeBio Oncology Therapeutics Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2026-01-13 21:05
Core Insights - BridgeBio Oncology Therapeutics, Inc. (BBOT) is a clinical-stage biopharmaceutical company focused on RAS-pathway malignancies [4] - The company awarded an inducement grant to a new employee as part of its 2025 Inducement Plan [1] Summary by Sections Inducement Grant - An inducement grant was awarded on January 10, 2026, to an individual hired in December 2025 [1] - The employee received non-qualified stock options to purchase 129,090 shares of BBOT common stock at an exercise price of $13.19 per share, which is the closing price on the grant date [2] - The stock options will vest 1/4 on the first anniversary of the employee's start date and in 36 equal monthly installments thereafter, contingent on continued service [2] Plan Details - The awards were granted outside of BBOT's stockholder-approved equity incentive plans and are part of the 2025 Inducement Plan adopted in October 2025 [3] - The compensation committee, composed solely of independent directors, approved the awards as a material inducement for the new employee [3] Company Overview - BBOT is advancing a pipeline of novel small molecule therapeutics targeting RAS and PI3Kα malignancies, aiming to improve outcomes for patients with cancers driven by prevalent oncogenes [4]
Galecto, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-12-16 22:00
Core Viewpoint - Galecto, Inc. has granted non-qualified stock options to a new employee as part of its 2022 Inducement Plan, which is a strategic move to attract talent in the biotechnology sector [1][2]. Company Overview - Galecto, Inc. is a clinical-stage biotechnology company focused on developing antibody therapeutics for hematological cancers, with a specific emphasis on mutant calreticulin-driven myeloproliferative neoplasms [3]. - The company is preparing to submit an Investigational New Drug (IND) application for its lead asset, DMR-001, which targets mut-CALR and is expected to be filed in mid-2026 [3]. - Galecto's pipeline also includes GB3226, a first-in-class preclinical dual inhibitor aimed at treating various genetic subsets of acute myeloid leukemia (AML) [3].
Biomea Fusion, Inc. Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-10-01 11:00
Core Points - Biomea Fusion, Inc. granted non-qualified stock options to a new employee for 48,000 shares, vesting quarterly over four years [1][2] - The stock option award is part of Biomea's 2023 Inducement Equity Plan, adopted on November 17, 2023 [2] - Biomea Fusion focuses on developing oral small molecules for diabetes and obesity treatment, aiming to improve patient lives [3]
Vor Bio Report Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-07-01 20:00
Company Overview - Vor Bio is a clinical-stage biotechnology company focused on transforming the treatment of autoimmune diseases [3] - The company is advancing telitacicept, a novel dual-target fusion protein, through Phase 3 clinical development and commercialization [3] Executive Compensation - The Board of Directors granted CEO Jean-Paul Kress an option to purchase 83,296,638 shares of common stock as an inducement for his employment [1] - The stock option has a ten-year term with an exercise price of $0.89 per share, equal to the closing price on June 26, 2025 [2] - The option will vest over a four-year period, with 25% vesting after 12 months and the remaining shares vesting monthly over the following 36 months [2]
Zenas BioPharma Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-06-20 20:15
Company Overview - Zenas BioPharma, Inc. is a clinical-stage global biopharmaceutical company focused on developing and commercializing therapies for autoimmune diseases [3] - The company's lead product candidate, obexelimab, is a bifunctional monoclonal antibody targeting CD19 and FcγRIIb, aimed at inhibiting the activity of B cells involved in autoimmune diseases without depleting them [3] - Zenas aims to leverage its experienced leadership and disciplined product acquisition strategy to identify and develop candidates that provide superior clinical benefits for patients with autoimmune diseases [3] Stock Option Grant - On June 16, 2025, Zenas granted a non-qualified stock option to purchase 112,000 shares of common stock to a newly hired employee as an inducement for employment [1] - The stock option has a ten-year term with an exercise price of $9.97, equal to the closing price on the grant date [2] - The option will vest over four years, with 25% vesting on the one-year anniversary of employment and the remainder vesting in 36 equal monthly installments, contingent on the employee's continued service [2]