{"id":538544,"date":"2021-09-15T08:33:26","date_gmt":"2021-09-15T12:33:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pds-biotech-reports-an-inducement-grant-under-nasdaq-listing-rule-5635c4\/"},"modified":"2021-09-15T08:33:26","modified_gmt":"2021-09-15T12:33:26","slug":"pds-biotech-reports-an-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pds-biotech-reports-an-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"PDS Biotech Reports An Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

FLORHAM PARK, N.J., Sept. 15, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies based on the Company\u2019s proprietary Versamune\u00ae<\/sup> T-cell activating technology, today announced that the compensation committee of the board of directors of the Company approved, on September 13, 2021, an equity award to Gregory Reid, the Company\u2019s new VP of Program Development, as a material inducement to Mr. Reid entering into employment with PDS Biotech.<\/p>\n

Prior to joining PDS Biotech, Mr. Reid amassed more than 30 years of experience in the pharmaceutical industry, primarily in drug development. Mr. Reid has worked extensively with biotech firms, successfully bringing several novel molecules targeting oncology and anti-fungal therapies from the bench through development. Internationally, Mr. Reid led many drug development programs in North America, Europe and Asia. Mr. Reid holds a M.Sc. in immunology from McGill University and an MBA from the John Molson School of Business at Concordia University, and is the author of more than 20 peer-reviewed manuscripts and abstracts.<\/p>\n

\u201cGreg brings a breadth of experience to PDS Biotech to support the advancement of the company\u2019s innovative pipeline,\u201d said PDS Biotech CEO, Frank Bedu-Addo. \u201cHe is an expert in oncology product development.\u201d<\/p>\n

An inducement grant of 63,800 shares of PDS Biotech\u2019s common stock, in accordance with Nasdaq Listing Rule 5635(c)(4), was awarded as part of Mr. Reid\u2019s compensation. The awards were granted under PDS Biotech\u2019s 2019 Inducement Plan, as amended, in accordance with Nasdaq Listing Rule 5635(c)(4) and provides for the granting of equity awards to new employees of PDS Biotech. The option award has an exercise price of $14.99, the closing price of PDS Biotech\u2019s common stock on September 13, 2021. The option award vests over a four-year period, with one-quarter of the shares vesting on the first anniversary of the grant date (September 13, 2022) and then monthly over the following 36 months, subject to continued employment with the company through the applicable vesting dates.<\/p>\n

\n About PDS Biotechnology<\/strong>
\n
PDS Biotech is a clinical-stage immunotherapy company developing a growing pipeline of cancer immunotherapies based on the Company\u2019s proprietary Versamune\u00ae<\/sup> T-cell activating technology platform. Our Versamune\u00ae<\/sup>-based products have demonstrated the potential to overcome the limitations of current immunotherapy by inducing in vivo<\/em>, large quantities of high-quality, highly potent polyfunctional tumor specific CD4+ helper and CD8+ killer T-cells. PDS Biotech has developed multiple therapies, based on combinations of Versamune\u00ae<\/sup> and disease-specific antigens, designed to train the immune system to better recognize diseased cells and effectively attack and destroy them. \u00a0The company\u2019s pipeline products address various cancers including breast, colon, lung, prostate and ovarian cancers. \u00a0To learn more, please visit www.pdsbiotech.com<\/u><\/a> or follow us on Twitter at @PDSBiotech.<\/p>\n

\n Forward Looking Statements<\/strong>
\n
This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning PDS Biotechnology Corporation (the \u201cCompany\u201d) and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company\u2019s management, as well as assumptions made by, and information currently available to, management. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201clikely,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cforecast,\u201d \u201cguidance\u201d, \u201coutlook\u201d and other similar expressions among others. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company\u2019s ability to protect its intellectual property rights; the Company\u2019s anticipated capital requirements, including the Company\u2019s anticipated cash runway and the Company\u2019s current expectations regarding its plans for future equity financings; the Company\u2019s dependence on additional financing to fund its operations and complete the development and commercialization of its product candidates, and the risks that raising such additional capital may restrict the Company\u2019s operations or require the Company to relinquish rights to the Company\u2019s technologies or product candidates; the Company\u2019s limited operating history in the Company\u2019s current line of business, which makes it difficult to evaluate the Company\u2019s prospects, the Company\u2019s business plan or the likelihood of the Company\u2019s successful implementation of such business plan; the timing for the Company or its partners to initiate the planned clinical trials for PDS0101, PDS0203 and other Versamune\u00ae<\/sup> based products; the future success of such trials; the successful implementation of the Company\u2019s research and development programs and collaborations, including any collaboration studies concerning PDS0101, PDS0203 and other Versamune\u00ae<\/sup> based products and the Company\u2019s interpretation of the results and findings of such programs and collaborations and whether such results are sufficient to support the future success of the Company\u2019s product candidates; the success, timing and cost of the Company\u2019s ongoing clinical trials and anticipated clinical trials for the Company\u2019s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including our ability to fully fund our disclosed clinical trials, which assumes no material changes to our currently projected expenses), futility analyses, presentations at conferences and data reported in an abstract, and receipt of interim results, which are not necessarily indicative of the final results of the Company\u2019s ongoing clinical trials; \u00a0any Company statements about its understanding of product candidates mechanisms of action and interpretation of preclinical and early clinical \u00a0results from its clinical development programs and any collaboration studies; the acceptance by the market of the Company\u2019s product candidates, if approved; the timing of and the Company\u2019s ability to obtain and maintain U.S. Food and Drug Administration or other regulatory authority approval of, or other action with respect to, the Company\u2019s product candidates; and other factors, including legislative, regulatory, political and economic developments not within the Company\u2019s control, including unforeseen circumstances or other disruptions to normal business operations arising from or related to COVID-19. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company\u2019s annual and periodic reports filed with the SEC. The forward-looking statements are made only as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\n Media & Investor Relations Contact:<\/strong>
\n
Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613
Email: drandolph@pdsbiotech.com<\/u><\/a><\/p>\n

Rich Cockrell
CG Capital
Phone: +1 (404) 736-3838\u00a0
Email: rich@cg.capital<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

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

FLORHAM PARK, N.J., Sept. 15, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies based on the Company\u2019s proprietary Versamune\u00ae T-cell activating technology, today announced that the compensation committee of the board of directors of the Company approved, on September 13, 2021, an equity award to Gregory Reid, the Company\u2019s new VP of Program Development, as a material inducement to Mr. Reid entering into employment with PDS Biotech. Prior to joining PDS Biotech, Mr. Reid amassed more than 30 years of experience in the pharmaceutical industry, primarily in drug development. Mr. Reid has worked extensively with biotech firms, successfully bringing several novel molecules targeting oncology and anti-fungal therapies from the bench through … <\/p>\n

Continue reading “PDS Biotech Reports An 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-538544","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPDS Biotech Reports An 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\/pds-biotech-reports-an-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=\"PDS Biotech Reports An Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FLORHAM PARK, N.J., Sept. 15, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies based on the Company\u2019s proprietary Versamune\u00ae T-cell activating technology, today announced that the compensation committee of the board of directors of the Company approved, on September 13, 2021, an equity award to Gregory Reid, the Company\u2019s new VP of Program Development, as a material inducement to Mr. Reid entering into employment with PDS Biotech. 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