Inozyme Pharma Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
06 Aprile 2024 - 12:00AM
Inozyme Pharma, Inc. (Nasdaq: INZY) (“Company” or “Inozyme”), a
clinical-stage rare disease biopharmaceutical company developing
novel therapeutics for the treatment of pathologic mineralization
and intimal proliferation, today announced that it granted stock
options to three new employees to purchase shares of the Company’s
common stock, pursuant to the Company’s 2023 Inducement Stock
Incentive Plan, as inducement material to the new employees
entering into employment with the Company in accordance with Nasdaq
Listing Rule 5635(c)(4).
The Company’s compensation committee granted nonstatutory stock
options to purchase up to an aggregate of 80,000 shares of the
Company’s common stock to the new employees on April 2, 2024, at an
exercise price of $6.93 per share, the closing price per share of
the Company’s common stock as reported by Nasdaq on April 2, 2024.
The options have a 10-year term and vest over four years, with 25%
of the original number of shares vesting on the first anniversary
of the employee’s start date and 2.0833% of the shares underlying
the option vesting monthly thereafter, subject to such employee’s
continued service to the Company through the applicable vesting
dates.
About Inozyme
Pharma
Inozyme Pharma, Inc. is a clinical-stage rare disease
biopharmaceutical company developing novel therapeutics for the
treatment of diseases impacting the vasculature, soft tissue, and
skeleton. Inozyme is developing INZ-701, an enzyme replacement
therapy, to address pathologic mineralization and intimal
proliferation which can drive morbidity and mortality in these
severe diseases. INZ-701 is currently in clinical trials for the
treatment of ENPP1 Deficiency, ABCC6 Deficiency, and
calciphylaxis.
For more information, please visit www.inozyme.com or follow
Inozyme on LinkedIn, X (formerly
Twitter), and Facebook.
ContactsInvestors:Inozyme PharmaStefan Riley,
Senior Director of IR and Corporate Communications (857)
330-8871stefan.riley@inozyme.com
Media: SmithSolve Matt Pera (973)
886-9150matt.pera@smithsolve.com
Grafico Azioni Inozyme Pharma (NASDAQ:INZY)
Storico
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Grafico Azioni Inozyme Pharma (NASDAQ:INZY)
Storico
Da Gen 2024 a Gen 2025