Le Lézard
Classified in: Health, Science and technology, Covid-19 virus
Subjects: Personnel, Stock Sale/Buyback

Arcturus Therapeutics Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)


Arcturus Therapeutics Holdings Inc. (the "Company", "Arcturus", Nasdaq: ARCT), a leading clinical-stage messenger RNA medicines company focused on the development of infectious disease vaccines and significant opportunities within liver and respiratory rare diseases, today announced that the Compensation Committee of the Company's Board of Directors and the Company's Board of Directors approved inducement grants of stock options to purchase an aggregate of 11,200 shares of Arcturus's common stock to three newly-hired employees. The equity awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with the Company.

The options have an exercise price equal to $24.85 per share, the closing price of the Company's common stock as reported by Nasdaq on February 15, 2022. The options have a ten-year term and vest over four years, with 25% of the number of shares underlying the stock option vesting on one-year anniversary of the applicable vesting commencement date (based on the quarter in which the applicable employee's employment commenced) and the remaining shares vesting monthly over 36 months thereafter. The equity awards are subject to each individual's continued service with the Company through the applicable vesting dates.

About Arcturus Therapeutics

Founded in 2013 and based in San Diego, California, Arcturus Therapeutics Holdings Inc. (Nasdaq: ARCT) is a clinical-stage mRNA medicines and vaccines company with enabling technologies: (i) LUNAR® lipid-mediated delivery, (ii) STARRtm mRNA Technology and (iii) mRNA drug substance along with drug product manufacturing expertise. Arcturus' diverse pipeline of RNA therapeutic and vaccine candidates includes mRNA vaccine programs for SARS-CoV-2 (COVID-19) and Influenza, and other programs to potentially treat ornithine transcarbamylase (OTC) deficiency, and cystic fibrosis along with partnered programs including glycogen storage disease type III, hepatitis B virus, and non-alcoholic steatohepatitis (NASH). Arcturus' versatile RNA therapeutics platforms can be applied toward multiple types of nucleic acid medicines including messenger RNA, small interfering RNA, replicon RNA, antisense RNA, microRNA, DNA, and gene editing therapeutics. Arcturus' technologies are covered by its extensive patent portfolio (patents and patent applications issued in the U.S., Europe, Japan, China and other countries). Arcturus' commitment to the development of novel RNA therapeutics has led to collaborations with Janssen Pharmaceuticals, Inc., part of the Janssen Pharmaceutical Companies of Johnson & Johnson, Ultragenyx Pharmaceutical, Inc., Takeda Pharmaceutical Company Limited, CureVac AG, Duke-NUS Medical School, and the Cystic Fibrosis Foundation. For more information visit www.ArcturusRx.com. In addition, please connect with us on Twitter and LinkedIn.

Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact included in this press release, are forward-looking statements, including those regarding strategy, future operations, collaborations, the likelihood of success (including safety and efficacy) of the Company's pipeline, the likelihood that a patent will issue from any patent application and the impact of general business and economic conditions. Arcturus may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in any forward-looking statements such as the foregoing and you should not place undue reliance on such forward-looking statements. Such statements are based on management's current expectations and involve risks and uncertainties, including those discussed under the heading "Risk Factors" in Arcturus' most recent Annual Report on Form 10-K, and in subsequent filings with, or submissions to, the SEC, which are available on the SEC's website at www.sec.gov. Except as otherwise required by law, Arcturus disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise.


These press releases may also interest you

at 00:00
"Thirty Days Faithful during COVID-19": an encouraging message of determination, unwavering faith, and trust in God. "Thirty Days Faithful during COVID-19" is the creation of published author Sara P. Reddick, a lifelong resident of South...

16 aoû 2022
Geomarketing software is a tool that uses location-based information to help companies devise their marketing campaigns and strategies. It also helps end-user organizations organize and display data and use digital mapping to analyze this data by a...

16 aoû 2022
The peripheral guidewires market will be driven by factors such as the increasing demand for MI procedures. Peripheral guidewires are MI medical supplies that are used to access the peripheral vessels inside the human body. MI methods are replacing...

16 aoû 2022
Allied Market Research published a report, titled, "Child Resistant Packaging Market by Material (Plastic, Metal, Glass, Paper and paperboard), by End-user industry (Food and beverage, Pharmaceutical, Personal and home care, Others), by Product type...

16 aoû 2022
The "Pulmonary Edema Therapeutics Market by Type (Cardiogenic pulmonary edema and Non-cardiogenic pulmonary edema) and Geography (North America, Europe, Asia, and Rest of World (ROW)) - Forecast and Analysis 2022-2026" report has been added to...

16 aoû 2022
A plethysmograph is a non-invasive, low-cost device that is used to measure the volume changes in different parts of the body, resulting from fluctuations in the amount of blood or air. The device uses blood pressure cuffs and sensors. It is used for...



News published on 18 february 2022 at 20:05 and distributed by: