Adicet Bio, Inc. - ACET STOCK NEWS

Adicet Bio, Inc. (NASDAQ: ACET) announced the grant of inducement stock options to new hires as part of its 2022 Inducement Plan on September 30, 2022. The awards, totaling 25,600 non-qualified stock options, offer an exercise price of $14.22 per share, the closing price on the grant date. These options will vest over four years, contingent upon continued employment. The plan was adopted in January 2022 and authorized by an independent compensation committee, aligning with Nasdaq Listing Rule 5635(c)(4).

Adicet Bio, Inc. (Nasdaq: ACET), a clinical-stage biotechnology firm specializing in allogeneic gamma delta CAR T cell therapies for cancer, announced participation in two upcoming investor conferences. The H.C. Wainwright 24th Annual Global Investment Conference will occur from September 12-14, 2022, with an on-demand presentation by Chen Schor, CEO, available from 7:00 A.M. ET on September 12. Additionally, a corporate overview will be presented at the Jefferies Cell and Genetic Medicine Summit on September 30, 2022, at 8:00 A.M. ET. Live webcasts will be accessible on the company’s website.

Adicet Bio, Inc. (NASDAQ: ACET), a biotech company focused on cancer therapies, announced on August 31, 2022, the granting of inducement awards to five new employees as part of its 2022 Inducement Plan. The awards include non-qualified stock options for a total of 114,200 shares, priced at $14.16 each, the closing price on the grant date. These options will vest over four years, contingent upon continued employment. This plan aligns with Nasdaq regulations and aims to enhance employee retention and attract talent.

Adicet Bio reported second quarter results for 2022, highlighting significant clinical advancements for ADI-001, which achieved a 75% complete response rate in patients with relapsed aggressive NHL. The FDA granted Fast Track Designation for this investigational therapy. Financially, the company holds $304.3 million in cash as of June 30, 2022, following a successful at-the-market share offering generating $45 million. Despite a net loss of $22.5 million for the quarter, the company is well-capitalized to support operations through the first half of 2025.

Adicet Bio (NASDAQ: ACET), a clinical-stage biotechnology firm focused on allogeneic gamma delta CAR T cell therapies for cancer, announces management's participation in three investor conferences in August 2022. CEO Chen Schor will engage in a fireside chat at the BTIG Biotech Conference on August 8, participate in a virtual panel at the Wedbush Pacgrow Healthcare Conference on August 10, and present a corporate overview at the Canaccord Genuity Annual Growth Conference on August 11. Live webcasts will be accessible on the company’s investor website.

Adicet Bio, a clinical-stage biotechnology company, announced the granting of inducement awards on July 29, 2022, to seven new employees as part of its 2022 Inducement Plan. These awards consist of non-qualified stock options for a total of 87,000 shares at an exercise price of $16.89 each, corresponding to the stock's closing price on the grant date. The options will vest over four years, with one-fourth vesting on the one-year anniversary of the employees' start dates. This action is a strategic move to enhance employment incentives and attract talent in line with Nasdaq rules.

Adicet Bio, a clinical-stage biotechnology firm, has announced the granting of inducement awards on June 30, 2022, to ten new employees. The awards consist of non-qualified stock options for a total of 85,200 shares, priced at $14.60 each, reflecting the stock's closing price on that date. The vesting schedule spans four years, with a quarter vesting on the one-year anniversary of each employee’s start date, and the remainder vesting in monthly installments. This initiative follows the 2022 Inducement Plan authorized by the board in January 2022.

Adicet Bio, Inc. (Nasdaq: ACET) will participate in two significant investor conferences in June 2022. The first event is the Truist Securities Cell Therapy Symposium on June 28, where CEO Chen Schor will discuss key innovations in oncology at 11:30 A.M. ET. The second event is the Stifel 2022 Virtual Cell Therapy Summit from June 29-30, featuring a panel on new cell types on June 29 at 1:00 P.M. ET. Adicet focuses on allogeneic gamma delta T cell therapies for cancer, enhancing tumor targeting and immune response.

Adicet Bio announced positive interim results for ADI-001, showing a 75% overall response rate and a 100% complete response rate in patients with relapsed/refractory Non-Hodgkin’s Lymphoma as of May 31, 2022. The Phase 1 study results indicate a favorable safety profile with no instances of dose-limiting toxicities or severe adverse events. Notably, 50% of evaluable patients with at least six months of follow-up remain cancer-free. The company aims to identify a recommended Phase 2 dose in late 2022 and plans to initiate pivotal studies in early 2023.