{"id":741714,"date":"2023-03-21T16:12:31","date_gmt":"2023-03-21T20:12:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/avadel-announces-grant-of-inducement-awards-under-nasdaq-listing-rule-5635c4-9\/"},"modified":"2023-03-21T16:12:31","modified_gmt":"2023-03-21T20:12:31","slug":"avadel-announces-grant-of-inducement-awards-under-nasdaq-listing-rule-5635c4-9","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avadel-announces-grant-of-inducement-awards-under-nasdaq-listing-rule-5635c4-9\/","title":{"rendered":"Avadel Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

DUBLIN, Ireland, March 21, 2023 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on transforming medicines to transform lives, today announced that the Compensation Committee of Avadel\u2019s Board of Directors approved the grant of non-statutory options to one (1) new employee to purchase 15,000 ordinary shares under Avadel\u2019s 2021 Inducement Plan. The awards were granted as an inducement material to the employee\u2019s acceptance of employment with Avadel in accordance with Nasdaq Listing Rule 5635(c)(4). The options have a ten-year term and vest over four years, with 25% vesting on the one-year anniversary of the grant date and 25% on each anniversary thereafter. The options are subject to the terms and conditions of Avadel\u2019s 2021 Inducement Plan approved by the Board of Directors in November 2021 and the terms and conditions of award agreements covering the grants.<\/p>\n

\n About\u00a0Avadel Pharmaceuticals plc<\/strong>
\n
Avadel Pharmaceuticals plc\u00a0(Nasdaq: AVDL) is a biopharmaceutical company focused on transforming medicines to transform lives. Our approach includes applying innovative solutions to the development of medications that address the challenges patients face with current treatment options. Our current lead drug candidate, LUMRYZ\u2122, is an investigational formulation of sodium oxybate leveraging our proprietary drug delivery technology and designed to be taken once at bedtime for the treatment of cataplexy or excessive daytime sleepiness in adults with narcolepsy. For more information, please visit\u00a0www.avadel.com<\/u><\/strong><\/a>.<\/p>\n

\n Investor Contact:<\/strong>
\n
Courtney Turiano
Stern Investor Relations, Inc.
Courtney.Turiano@sternir.com<\/u><\/strong><\/a>
(212) 698-8687<\/p>\n

\n Media Contact:<\/strong>
\n
Gabriella Greig
Real Chemistry
ggreig@realchemistry.com<\/u><\/strong><\/a>
(203) 249-2688<\/p>\n

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

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

DUBLIN, Ireland, March 21, 2023 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on transforming medicines to transform lives, today announced that the Compensation Committee of Avadel\u2019s Board of Directors approved the grant of non-statutory options to one (1) new employee to purchase 15,000 ordinary shares under Avadel\u2019s 2021 Inducement Plan. The awards were granted as an inducement material to the employee\u2019s acceptance of employment with Avadel in accordance with Nasdaq Listing Rule 5635(c)(4). The options have a ten-year term and vest over four years, with 25% vesting on the one-year anniversary of the grant date and 25% on each anniversary thereafter. The options are subject to the terms and conditions of Avadel\u2019s 2021 Inducement Plan approved … <\/p>\n

Continue reading “Avadel Announces Grant of Inducement Awards 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-741714","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAvadel Announces Grant of Inducement Awards 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\/avadel-announces-grant-of-inducement-awards-under-nasdaq-listing-rule-5635c4-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avadel Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DUBLIN, Ireland, March 21, 2023 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on transforming medicines to transform lives, today announced that the Compensation Committee of Avadel\u2019s Board of Directors approved the grant of non-statutory options to one (1) new employee to purchase 15,000 ordinary shares under Avadel\u2019s 2021 Inducement Plan. The awards were granted as an inducement material to the employee\u2019s acceptance of employment with Avadel in accordance with Nasdaq Listing Rule 5635(c)(4). The options have a ten-year term and vest over four years, with 25% vesting on the one-year anniversary of the grant date and 25% on each anniversary thereafter. 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