ASMB - Assembly Biosciences Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) | Benzinga
SOUTH SAN FRANCISCO, Calif., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Assembly Biosciences, Inc. (NASDAQ:ASMB), a biotechnology company developing innovative antiviral therapeutics targeting serious viral diseases, today announced a grant of inducement awards to its chief medical officer, Anuj Gaggar, MD, PhD on November 8, 2023.
The Company granted Dr. Gaggar non-qualified stock options to purchase 500,000 shares of the Company's common stock with an exercise price of $0.85 per share, the closing price of Assembly Bio's common stock as reported by Nasdaq on November 8, 2023. The stock options were granted as a material inducement to Dr. Gaggar to accept the Assembly Bio's offer of employment as its Chief Medical Officer. The stock options have a ten-year term and ...