Senti Biosciences Announces New Employment Inducement Grants
Senti Biosciences (Nasdaq: SNTI) announced on August 19, 2022, that its compensation committee granted stock options to 35 new employees, totaling 421,659 shares at an exercise price of $1.99 each. This initiative is part of the Company's 2022 Inducement Equity Plan, adopted on August 5, 2022, to attract and retain talent. Senti Bio is focused on innovative cell and gene therapies using a proprietary gene circuit platform, particularly targeting oncology with several programs in development, including treatments for acute myeloid leukemia and hepatocellular carcinoma.
- Awarding stock options to 35 new employees could enhance talent acquisition and retention.
- The exercise price of $1.99 may be attractive, potentially aligning employees' interests with shareholders.
- The Company is advancing innovative therapies for challenging cancers, which can drive future growth.
- None.
SOUTH SAN FRANCISCO, Calif., Aug. 19, 2022 (GLOBE NEWSWIRE) -- Senti Biosciences, Inc. (Nasdaq: SNTI) (“Senti Bio”), a biotechnology company innovating next-generation cell and gene therapies using its proprietary gene circuit platform, today announced that on August 18, 2022, the compensation committee of Senti Bio’s board of directors granted to thirty five new employees stock options to purchase an aggregate of 421,659 shares of the Company’s common stock with a per share exercise price of
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 the Company’s board of directors on August 5, 2022.
About Senti Bio
Our mission is to create a new generation of smarter medicines that outmaneuver complex diseases using novel and unprecedented approaches. To accomplish this, we are building a synthetic biology platform that may enable us to program next-generation cell and gene therapies with what we refer to as Gene Circuits. These Gene Circuits, which are created from novel and proprietary combinations of DNA sequences, are designed to reprogram cells with biological logic to sense inputs, compute decisions and respond to their cellular environments. We aim to design Gene Circuits to improve the intelligence of cell and gene therapies in order to enhance their therapeutic effectiveness, precision, and durability against a broad range of diseases that conventional medicines do not readily address.
Our synthetic biology platform utilizes off-the-shelf chimeric antigen receptor natural killer (CAR-NK) cells, outfitted with Gene Circuit technologies, to target particularly challenging liquid and solid tumor oncology indications. Our lead development candidate is SENTI-202 for the treatment of acute myeloid leukemia (AML). Additional CAR-NK programs include SENTI-301 for the treatment of hepatocellular carcinoma (HCC) and SENTI-401 for the treatment of colorectal cancer (CRC). We have also demonstrated the breadth of our Gene Circuits in other modalities and diseases outside of oncology and have executed partnerships with Spark Therapeutics and BlueRock Therapeutics to advance these capabilities.
Contact Senti Bio:
Deb Knobelman, PhD, CFO
investors@sentibio.com
Media:
Kelli Perkins
kelli@redhousecomms.com
Find more information at sentibio.com
Follow us on Linkedin: Senti Biosciences
Follow us on Twitter: @SentiBio
FAQ
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