{"id":755168,"date":"2023-05-04T16:34:02","date_gmt":"2023-05-04T20:34:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/biocryst-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-21\/"},"modified":"2023-05-04T16:34:02","modified_gmt":"2023-05-04T20:34:02","slug":"biocryst-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-21","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/biocryst-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-21\/","title":{"rendered":"BioCryst Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>RESEARCH TRIANGLE PARK, N.C., May  04, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BxCFYZHqR1GK51a623VoeBUBTH4seBQG5wn8uEtkc7SmYyur_rGGdg_7KEM1pj9IREdvgsgI0gqFALBv1IEio4KCfLkqPbPc__dYt5lg3aY=\" rel=\"nofollow noopener\" target=\"_blank\">BioCryst Pharmaceuticals, Inc. <\/a>(Nasdaq: BCRX) today announced that the compensation committee of BioCryst\u2019s board of directors granted six newly-hired employees stock options to purchase an aggregate of 34,000 shares, and restricted stock units (RSUs) covering an aggregate of 23,800 shares, of BioCryst common stock. The options and RSUs were granted as of April 28, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n<p align=\"justify\">The options have an exercise price of $7.61 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee\u2019s continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst\u2019s Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.<\/p>\n<p align=\"justify\">\n        <strong>About BioCryst Pharmaceuticals<\/strong><br \/>\n        <br \/>BioCryst Pharmaceuticals discovers novel, oral, small-molecule medicines that treat rare diseases in which significant unmet medical needs exist and an enzyme plays a key role in the biological pathway of the disease. Oral, once-daily ORLADEYO<sup>\u00ae<\/sup> (berotralstat) is approved in the United States and many global markets. BioCryst has active programs to develop oral medicines for multiple targets across the complement system, including BCX10013, an oral Factor D inhibitor in clinical development. RAPIVAB\u00ae (peramivir injection) is approved in the U.S. and multiple global markets, with post-marketing commitments ongoing. For more information, please visit the company\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ltoHuqTMcTooBVPCODRZle3lBZ15CG17raKF4YzsZ__wFW2HFjsuZYrdwLHYJC5VzwXVQTJ5WvhGKtPQL0J8UA==\" rel=\"nofollow noopener\" target=\"_blank\">www.biocryst.com<\/a>.<\/p>\n<p align=\"justify\">BCRXW<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Investor Contact:<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>John Bluth<br \/>+1 919 859 7910<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i_yJ2yP6xnoyP01wAmEbT3d05qBwqPsGT-uSMSNBa92qmyGaajczW2fiegKvEsKT1I6ZsiSc6cUWroMwcbaB91M-_shs2HFSVJFeaMsMiJ4=\" rel=\"nofollow noopener\" target=\"_blank\">jbluth@biocryst.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMjM2MyM1NTc1OTQ1IzIwMDQ3MTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OTUzZmE3NmEtYTk4Yi00MjY5LThmMjktMjU3ZTc3NmUxZjBkLTEwMTYyODc=\/tiny\/BioCryst-Pharmaceuticals-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RESEARCH TRIANGLE PARK, N.C., May 04, 2023 (GLOBE NEWSWIRE) &#8212; BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced that the compensation committee of BioCryst\u2019s board of directors granted six newly-hired employees stock options to purchase an aggregate of 34,000 shares, and restricted stock units (RSUs) covering an aggregate of 23,800 shares, of BioCryst common stock. The options and RSUs were granted as of April 28, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $7.61 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biocryst-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-21\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BioCryst Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/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-755168","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BioCryst 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\/biocryst-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioCryst Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RESEARCH TRIANGLE PARK, N.C., May 04, 2023 (GLOBE NEWSWIRE) &#8212; BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced that the compensation committee of BioCryst\u2019s board of directors granted six newly-hired employees stock options to purchase an aggregate of 34,000 shares, and restricted stock units (RSUs) covering an aggregate of 23,800 shares, of BioCryst common stock. The options and RSUs were granted as of April 28, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $7.61 per share, which is equal to the closing price of BioCryst common stock on the grant date. 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