BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
On June 1, 2021, BridgeBio Pharma (Nasdaq: BBIO) granted restricted stock units totaling 47,963 shares to 21 new employees under the 2019 Inducement Equity Plan. This action is compliant with Nasdaq Listing Rule 5635(c)(4) and aims to incentivize new hires. BridgeBio is dedicated to developing medicines for genetic diseases and cancers, with over 30 programs in its pipeline. Founded in 2015, the company focuses on rapid advancements in genetic medicine to benefit patients.
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PALO ALTO, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO), a commercial-stage biopharmaceutical company founded to discover, create, test and deliver meaningful medicines for patients with genetic diseases and cancers with clear genetic drivers, today announced that on June 1, 2021, the compensation committee of BridgeBio’s board of directors granted 21 new employees restricted stock units for an aggregate of 47,963 shares of the Company’s common stock. All of the above-described awards were made under BridgeBio’s 2019 Inducement Equity Plan (the Plan).
The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019.
About BridgeBio
BridgeBio is a biopharmaceutical company founded to discover, create, test and deliver transformative medicines to treat patients who suffer from genetic diseases and cancers with clear genetic drivers. BridgeBio’s pipeline of over 30 development programs ranges from early science to advanced clinical trials and its commercial organization is focused on delivering the Company’s first approved therapy. BridgeBio was founded in 2015 and its team of experienced drug discoverers, developers and innovators are committed to applying advances in genetic medicine to help patients as quickly as possible. For more information visit bridgebio.com.
Media Contact:
Grace Rauh
Grace.rauh@bridgebio.com
(917) 232-5478
Source: BridgeBio Pharma, Inc.
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