{"id":475311,"date":"2021-04-13T08:03:17","date_gmt":"2021-04-13T12:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gemini-therapeutics-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/"},"modified":"2021-04-13T08:03:17","modified_gmt":"2021-04-13T12:03:17","slug":"gemini-therapeutics-reports-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gemini-therapeutics-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Gemini Therapeutics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)"},"content":{"rendered":"

<\/p>\n

Gemini Therapeutics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) <\/b><\/p>\n

CAMBRIDGE, Mass.–(BUSINESS WIRE<\/a>)–
\nGemini Therapeutics, Inc. (Nasdaq: GMTX), a clinical stage precision medicine company developing innovative treatments for genetically defined age-related macular degeneration (AMD), today announced the grant of an inducement award to Brian Piekos, Gemini\u2019s Chief Financial Officer and the grant of an inducement award to Dr. Sam Barone, Gemini\u2019s Chief Medical Officer. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Gemini\u2019s Compensation Committee and made as a material inducement to both Mr. Piekos\u2019 and Dr. Barone\u2019s entry into employment with the Company.\n<\/p>\n

\nIn connection with the appointment, Mr. Piekos received an option to purchase 377,734 shares shares of Gemini common stock on April 12, 2021 at an exercise price of $12.59 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.\n<\/p>\n

\nIn connection with the appointment, Dr. Barone received an option to purchase 255,212 shares shares of Gemini common stock on April 12, 2021 at an exercise price of $12.59 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.\n<\/p>\n

\nThe agreement covering these option awards is consistent with Gemini\u2019s standard stock option inducement award agreement. The option has a ten-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the grant date and the remainder in equal monthly installments over the following three years, subject to Mr. Piekos\u2019 and Dr. Barone\u2019s continued service with Gemini through the applicable vesting date.\n<\/p>\n

About Gemini Therapeutics<\/b><\/p>\n

\nGemini Therapeutics is a clinical stage precision medicine company developing novel therapeutic compounds to treat genetically defined age-related macular degeneration (AMD). Gemini\u2019s lead candidate, GEM103, is a recombinant form of human complement factor H protein (CFH) and is designed to address both complement hyperactivity and restore retinal health in patients with AMD. GEM103 is currently in a Phase 2a trial in dry AMD patients with a CFH risk variant and a Phase 1\/2a study in patients with neovascular age-related macular degeneration with or at risk for macular atrophy. The company has generated a rich pipeline including recombinant proteins, gene therapies, and monoclonal antibodies and is advancing a potentiating antibody for CFH, GEM307, into clinical development for treatment of systemic diseases.\n<\/p>\n

\nFor more information, visit www.geminitherapeutics.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210413005475\/en\/<\/a><\/span><\/p>\n

Investor Contact:<\/b><\/p>\n

\nArgot Partners
\n
Sherri Spear
\n
212-600-1902
\n
gemini@argotpartners.com<\/a><\/p>\n

Media Contact:
\n
<\/b>Argot Partners
\n
Joshua Mansbach
\n
212-600-1902
\n
gemini@argotpartners.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Health Genetics Clinical Trials General Health Pharmaceutical Biotechnology<\/p>\n

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

Gemini Therapeutics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) CAMBRIDGE, Mass.–(BUSINESS WIRE)– Gemini Therapeutics, Inc. (Nasdaq: GMTX), a clinical stage precision medicine company developing innovative treatments for genetically defined age-related macular degeneration (AMD), today announced the grant of an inducement award to Brian Piekos, Gemini\u2019s Chief Financial Officer and the grant of an inducement award to Dr. Sam Barone, Gemini\u2019s Chief Medical Officer. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Gemini\u2019s Compensation Committee and made as a material inducement to both Mr. Piekos\u2019 and Dr. Barone\u2019s entry into employment with the Company. In connection with the appointment, Mr. Piekos received an option to purchase 377,734 shares shares of Gemini common stock on April 12, … <\/p>\n

Continue reading “Gemini Therapeutics Reports Inducement Grant 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-475311","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGemini Therapeutics Reports Inducement Grant 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\/gemini-therapeutics-reports-inducement-grant-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=\"Gemini Therapeutics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gemini Therapeutics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) CAMBRIDGE, Mass.–(BUSINESS WIRE)– Gemini Therapeutics, Inc. (Nasdaq: GMTX), a clinical stage precision medicine company developing innovative treatments for genetically defined age-related macular degeneration (AMD), today announced the grant of an inducement award to Brian Piekos, Gemini\u2019s Chief Financial Officer and the grant of an inducement award to Dr. Sam Barone, Gemini\u2019s Chief Medical Officer. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Gemini\u2019s Compensation Committee and made as a material inducement to both Mr. Piekos\u2019 and Dr. Barone\u2019s entry into employment with the Company. 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