BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
Palo Alto, CA, March 2, 2021 — BridgeBio Pharma, Inc. (Nasdaq: BBIO), a clinical-stage biopharmaceutical company focused on genetic diseases, today announced that on March 1, 2021, the compensation committee of BridgeBio’s board of directors granted 17 new employees restricted stock units for an aggregate of 30,510 shares of the Company’s common stock. All of the above-described awards were made under BridgeBio’s 2019 Inducement Equity Plan (the Plan).
The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019.
About BridgeBio
BridgeBio is a team of
experienced drug discoverers, developers and innovators working
to create life-altering medicines that target well-characterized
genetic diseases at their source. BridgeBio was founded in 2015
to identify and advance transformative medicines to treat
patients who suffer from Mendelian diseases, which are diseases
that arise from defects in a single gene, and cancers with clear
genetic drivers. BridgeBio’s pipeline of over 30 development
programs includes product candidates ranging from early
discovery to late-stage development. For more information
visit bridgebiodev.wpengine.com.
Media Contact:
Grace
Rauh
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(917) 232-5478