Madrigal Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
15 Novembro 2023 - 6:45PM
Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL), a clinical-stage
biopharmaceutical company pursuing novel therapeutics for
nonalcoholic steatohepatitis (NASH), today announced that the
company granted equity awards to 18 new employees with a grant date
of November 13, 2023 as equity inducement awards under the terms of
the company's 2023 Inducement Plan. The equity awards were approved
in accordance with Nasdaq Listing Rule 5635(c)(4).
The equity awards were granted as an inducement material to the
employees’ acceptance of employment with the company. The new
employees received, in the aggregate, (1) 28,246 restricted stock
units, which vest in a 25% increment on each of the first through
fourth anniversaries of the grant date and (2) stock options to
acquire 10,385 shares of common stock, which vest as follows (i)
25% of such new employee’s total option shares shall vest under the
option on the first anniversary of the date of grant and (ii) 6.25%
of such new employee’s total option shares shall vest under the
option on each quarterly anniversary following the first
anniversary of the date of grant. All awards described under (1)
and (2) above shall be subject to each such employee’s continued
employment as of the vesting date. The exercise price per share for
the stock options described above is $146.00.
About Madrigal Pharmaceuticals
Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a
clinical-stage biopharmaceutical company pursuing novel
therapeutics for nonalcoholic steatohepatitis (NASH), a liver
disease with high unmet medical need. Madrigal’s lead candidate,
resmetirom, is a liver-directed THR-β agonist oral therapy that is
designed to target key underlying causes of NASH. For more
information, visit www.madrigalpharma.com.
Investor Contact Alex Howarth, Madrigal
Pharmaceuticals, Inc., IR@madrigalpharma.com
Media ContactChristopher Frates, Madrigal
Pharmaceuticals, Inc., media@madrigalpharma.com
Madrigal Pharmaceuticals (NASDAQ:MDGL)
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