{"id":411335,"date":"2021-01-08T16:04:11","date_gmt":"2021-01-08T21:04:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411335"},"modified":"2021-01-08T16:04:11","modified_gmt":"2021-01-08T21:04:11","slug":"curis-reports-inducement-grants-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/curis-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n LEXINGTON, Mass.<\/span>, Jan. 8, 2021<\/span> \/PRNewswire\/ —\u00a0<\/b>Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced that on January 4, 2021<\/span>, the independent Compensation Committee of the Board of Directors of Curis approved the grant of inducement stock options to purchase a total of 185,000 shares of Curis common stock to three new employees, with a grant date of January 4, 2021<\/span> (the “Q1 2021 Inducement Grants”). <\/p>\n

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\n \"(PRNewsfoto\/Curis,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Each of the Q1 2021 Inducement Grants has an exercise price per share equal to the closing price of the Company’s common stock on January 4, 2021<\/span>. Each stock option has a 10 year term and vests over four years, with 25% of the original number of shares underlying the award vesting on the first anniversary of the employee’s date of hire and an additional 6.25% of the original number of shares underlying the award vesting on each successive three-month period thereafter, subject to the employee’s continued service with the Company through the respective vesting dates.\u00a0 Each stock option was granted as an inducement equity award outside of the Company’s Third Amended and Restated 2010 Stock Incentive Plan and was made as an inducement material to the employee’s acceptance of employment with the Company.<\/p>\n

\n About Curis, Inc. <\/b>\n <\/p>\n

Curis is a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer. In 2015, Curis entered into a collaboration with Aurigene in the areas of immuno-oncology and precision oncology. As part of this collaboration, Curis has exclusive licenses to oral small molecule antagonists of immune checkpoints including the\u00a0VISTA\/PDL1 antagonist CA-170, and the TIM3\/PDL1 antagonist CA-327, as well as the IRAK4 kinase inhibitor, CA-4948. CA-4948 is currently undergoing testing in a Phase 1 trial in patients with non-Hodgkin’s lymphoma\u00a0and in a Phase 1 trial in patients with acute myeloid leukemia and myelodysplastic syndromes. In addition, Curis is engaged in a collaboration with ImmuNext for development of CI-8993, a monoclonal anti-VISTA\u00a0antibody, which is currently undergoing testing in a Phase 1a\/1b\u00a0trial in patients with solid tumors. Curis is also party to a collaboration with Genentech, a member of the Roche Group, under which Genentech and Roche are commercializing Erivedge\u00ae<\/sup>\u00a0for the treatment of advanced basal cell carcinoma. For more information, visit Curis’ website at\u00a0www.curis.com<\/a>.<\/p>\n

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\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/curis-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-301202286.html<\/a><\/p>\n

SOURCE Curis, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LEXINGTON, Mass., Jan. 8, 2021 \/PRNewswire\/ —\u00a0Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced that on January 4, 2021, the independent Compensation Committee of the Board of Directors of Curis approved the grant of inducement stock options to purchase a total of 185,000 shares of Curis common stock to three new employees, with a grant date of January 4, 2021 (the “Q1 2021 Inducement Grants”). Each of the Q1 2021 Inducement Grants has an exercise price per share equal to the closing price of the Company’s common stock on January 4, 2021. Each stock option has a 10 year term and vests over four years, … <\/p>\n

Continue reading “Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411335","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCuris Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/curis-reports-inducement-grants-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LEXINGTON, Mass., Jan. 8, 2021 \/PRNewswire\/ —\u00a0Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced that on January 4, 2021, the independent Compensation Committee of the Board of Directors of Curis approved the grant of inducement stock options to purchase a total of 185,000 shares of Curis common stock to three new employees, with a grant date of January 4, 2021 (the “Q1 2021 Inducement Grants”). Each of the Q1 2021 Inducement Grants has an exercise price per share equal to the closing price of the Company’s common stock on January 4, 2021. 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