Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
July 19 2024 - 4:05PM
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical
company focused on the development and commercialization of novel
therapies for rare and ultrarare diseases, today reported the grant
of 19,875 restricted stock units of the company’s common stock to
14 newly hired non-executive officers of the company. The awards
were approved by the compensation committee of the company’s board
of directors and granted under the Ultragenyx Employment Inducement
Plan, with a grant date of July 16, 2024, as an inducement material
to the new employees entering into employment with Ultragenyx in
accordance with Nasdaq Listing Rule 5635(c)(4).
The restricted stock units vest over four years, with 25% of the
underlying shares vesting on each anniversary of the grant date,
subject to the employee being continuously employed by the company
as of such vesting dates.
About Ultragenyx Pharmaceutical Inc.Ultragenyx
is a biopharmaceutical company committed to bringing novel products
to patients for the treatment of serious rare and ultrarare genetic
diseases. The company has built a diverse portfolio of approved
therapies and product candidates aimed at addressing diseases with
high unmet medical need and clear biology for treatment, for which
there are typically no approved therapies treating the underlying
disease.
The company is led by a management team experienced in the
development and commercialization of rare disease therapeutics.
Ultragenyx’s strategy is predicated upon time- and cost-efficient
drug development, with the goal of delivering safe and effective
therapies to patients with the utmost urgency.
For more information on Ultragenyx, please visit the company's
website at: www.ultragenyx.com.
Contact Ultragenyx Investors & MediaJoshua Higa(415)
475-6370
Ultragenyx Pharmaceutical (NASDAQ:RARE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Ultragenyx Pharmaceutical (NASDAQ:RARE)
Historical Stock Chart
From Nov 2023 to Nov 2024