Biomea Fusion, Inc. Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
03 Junho 2024 - 5:05PM
Biomea Fusion, Inc. (Nasdaq: BMEA) (“Biomea” or the “Company”), a
clinical stage biopharmaceutical company focused on the discovery
and development of covalent small molecules to treat patients with
genetically defined cancers and metabolic diseases, today announced
that on June 1, 2024, the compensation committee of Biomea’s board
of directors granted one new employee non-qualified stock options
to purchase an aggregate of 25,000 shares of the Company’s common
stock. The shares underlying the employee’s stock options will vest
1/16 on a quarterly basis over four years, subject to the
employee’s continued employment with the Company on such vesting
dates.
The above-described award was made pursuant to the terms of
Biomea’s 2023 Inducement Equity Plan (the “Plan”) and was granted
as an inducement material to the employee entering into employment
with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
The Plan was adopted by Biomea’s board of directors on November 17,
2023.
About Biomea Fusion
Biomea Fusion is a clinical stage biopharmaceutical company
focused on the discovery and development of oral covalent small
molecules to treat patients with metabolic diseases and genetically
defined cancers. A covalent small molecule is a synthetic compound
that forms a permanent bond to its target protein and offers a
number of potential advantages over conventional non-covalent
drugs, including greater target selectivity, lower drug exposure,
and the ability to drive a deeper, more durable response.
We are utilizing our proprietary FUSION™ System to discover,
design and develop a pipeline of next-generation covalent-binding
small molecule medicines designed to maximize clinical benefit for
patients with various cancers and metabolic diseases, including
diabetes. We aim to have an outsized impact on the treatment of
disease for the patients we serve. We aim to cure.
Visit us at biomeafusion.com and follow us on LinkedIn, Twitter
and Facebook.
Contact:
Investor Relations
Chunyi Zhao, PhD
Associate Director of Investor Relations & Corporate Development
czhao@biomeafusion.com
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