Akebia Therapeutics Offers Inducement Grants for New Employee
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Akebia Therapeutics Grants Inducement Stock Options
Recently, Akebia Therapeutics, Inc. (Nasdaq: AKBA), a biopharmaceutical company dedicated to improving the lives of individuals affected by kidney disease, made a notable decision to grant stock options to a new employee. This strategic move reflects the company's commitment to fostering a talented workforce as they navigate the complexities of biopharmaceutical development.
Details of the Stock Options Granted
The company has granted options to purchase a total of 4,000 shares of its common stock to the newly-hired employee. These options were authorized to support the employment agreement, highlighting Akebia's adherence to Nasdaq Listing Rule 5635(c)(4). On the grant date, the exercise price was set at $1.55 per share, which aligns with the closing price of Akebia's common stock on that specific day.
Vesting Schedule and Terms
The granted stock options will follow a structured vesting schedule, with 25% of shares set to vest after the first year of employment. The remaining 75% will vest quarterly across the subsequent years, contingent on the employee's continued service at Akebia. Each option has a lifespan of ten years and is subject to the guidelines established within Akebia's inducement award program as well as the associated stock option agreement.
About Akebia Therapeutics
Founded in 2007 and headquartered in Cambridge, Massachusetts, Akebia Therapeutics strives for innovation in the biopharmaceutical sector, particularly in addressing issues related to kidney disease. The company is determined to create medications that significantly improve patient outcomes and quality of life.
Commitment to Kidney Health
Akebia's research and development efforts are laser-focused on delivering transformative therapies for people impacted by kidney-related conditions. Their commitment to public health is evident in their ongoing projects and partnerships aimed at enhancing patient care.
Contact Information for Inquiries
For further information regarding Akebia Therapeutics, interested parties are encouraged to reach out to:
Mercedes Carrasco
Email: [email protected]
Frequently Asked Questions
What is the purpose of the stock options granted by Akebia?
The stock options are intended as an incentive for a newly-hired employee and to encourage long-term commitment to the company.
What is Akebia Therapeutics focused on?
Akebia is devoted to improving the lives of those affected by kidney disease through innovative biopharmaceutical solutions.
How long is the vesting period for the stock options?
The options have a vesting period of four years with specific milestones at one year and quarterly thereafter.
Where is Akebia Therapeutics located?
Akebia Therapeutics is headquartered in Cambridge, Massachusetts.
How can I contact Akebia for more information?
You can contact Mercedes Carrasco via email at [email protected]
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