Assembly Biosciences Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
The Company granted Dr. McHutchison non-qualified stock options to purchase 500,000 shares of the company’s common stock with an exercise price of
The option grant was granted outside of Assembly’s stockholder-approved equity incentive plans pursuant to Assembly’s 2019 Inducement Award Plan. The stock options were approved by the compensation committee of the board of directors, which is comprised solely of independent directors, as a material inducement to Dr. McHutchison entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
About Assembly Biosciences
Assembly Biosciences, Inc. is a clinical-stage biotechnology company developing innovative therapeutics targeting hepatitis B virus (HBV) and diseases associated with the microbiome. The HBV program is focused on advancing a new class of potent, oral core inhibitors that have the potential to increase cure rates for chronically infected patients. The microbiome program is developing novel oral live microbial biotherapeutic candidates with Assembly’s fully integrated platform, including a robust process for strain identification and selection, GMP banking and production, and targeted delivery to the lower gastrointestinal tract with the GEMICEL® technology. For more information, visit assemblybio.com.
Assembly Biosciences, Inc.
Source: Assembly Biosciences, Inc.