Immunome Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
November 01 2024 - 4:05PM
Business Wire
Immunome, Inc. (the “Company”) (Nasdaq: IMNM), a biotechnology
company focused on developing first-in-class and best-in-class
targeted cancer therapies, announced today that on October 31,
2024, the Compensation Committee of the Company’s Board of
Directors (the “Compensation Committee”) granted inducement awards
consisting of non-statutory stock options to purchase 378,800
shares of common stock to 14 new employees under the Company’s 2024
Inducement Plan. The Compensation Committee approved the stock
options as an inducement material to such employees’ employment in
accordance with Nasdaq Listing Rule 5635(c)(4).
Each stock option has an exercise price equal to $11.47 per
share, the Company’s closing sales price on October 31, 2024, and
will vest over four years, with 25% of the underlying shares
vesting on the one-year anniversary of the applicable vesting
commencement date and the balance of the underlying shares vesting
monthly thereafter over 36 months, subject to the new employees’
continued service relationship with the Company through the
applicable vesting dates. The stock options are subject to the
terms and conditions of the Company’s 2024 Inducement Plan and the
terms and conditions of an applicable stock option agreement
covering the grant.
About Immunome
Immunome is a clinical-stage targeted oncology company committed
to developing first-in-class and best-in-class targeted therapies
designed to improve outcomes for cancer patients. We are advancing
an innovative portfolio of therapeutics, drawing on leadership that
previously played key roles in the design, development and
commercialization of cutting-edge targeted cancer therapies,
including antibody-drug conjugates (ADCs). In addition to a
portfolio of discovery-stage ADCs, our pipeline includes AL102, a
gamma secretase inhibitor currently in a Phase 3 trial for
treatment of desmoid tumors, as well as IM-1021, a ROR1 ADC, and
IM-3050, a FAP-targeted radioligand, both of which are the subject
of INDs expected to be submitted in the first quarter of 2025. For
more information, visit www.immunome.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this press release that are not purely historical
in nature are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include Immunome’s expectations
regarding progress of its pipeline and timeline for regulatory
filings; and other statements regarding forecasts for the future.
These forward-looking statements are based on Immunome’s current
expectations and involve assumptions that may never materialize or
may prove to be incorrect; consequently, actual results may differ
materially from those expressed or implied in the statements due to
a number of factors, including, but not limited to, the risks and
uncertainties described in Immunome’s Quarterly Report on Form 10-Q
for the quarter ended June 30, 2024, filed with the SEC on August
12, 2024, and in Immunome’s other filings with the SEC. Except as
required by law, Immunome assumes no obligation and does not intend
to update any forward-looking statements included in this press
release.
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Investor Contact
Max Rosett Chief Financial Officer investors@immunome.com
Immunome (NASDAQ:IMNM)
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