Exciting New Stock Option Granted by Taysha Gene Therapies

Taysha Gene Therapies Grants Stock Option to New Employee

DALLAS — Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a pioneering biotechnology company dedicated to developing innovative gene therapies for serious disorders of the central nervous system, has recently made headlines by granting a significant stock option. This move was strategically executed to attract and retain top talent essential for their groundbreaking work.

Details of the Stock Option Grant

On a recent date, the Compensation Committee of Taysha's Board of Directors approved an option for a new employee to purchase 311,000 shares of the company's common stock. This stock option aligns with Taysha's 2023 Inducement Plan and is in accordance with Nasdaq Listing Rule 5635(c)(4), showcasing the company's commitment to incentivize its team members.

The exercise price has been set at $2.06 per share, correlating with the closing price at the time of the grant. This option will have a duration of 10 years, and under the vesting terms, 25% will become available on the first anniversary, with the remaining 75% vesting in equal monthly increments over the following three years. This structure ensures that the employee remains with Taysha during this vesting period.

A Closer Look at Taysha Gene Therapies

Taysha Gene Therapies (Nasdaq: TSHA) focuses on advancing adeno-associated virus (AAV)-based gene therapies, specifically targeting severe monogenic diseases affecting the CNS. One of the standout programs, TSHA-102, is undergoing development for Rett syndrome, a rare and challenging neurodevelopmental disorder. Current treatment options are limited, and Taysha's work promises to model a more effective approach addressing the underlying genetic causes.

A Commitment to Transformative Medicine

The mission of Taysha is clear: to develop transformative medicines that can improve patient outcomes significantly and meet critical healthcare needs. With a leadership team rich in experience in gene therapy development, Taysha is well-positioned to bring innovative treatments from the laboratory to patients efficiently.

Company Contact Information

For those interested in learning more about Taysha Gene Therapies, Hayleigh Collins serves as the Director and Head of Corporate Communications and Investor Relations. You can reach out via email at hcollins@tayshagtx.com for more information regarding their projects and initiatives.

Engaging with the Community

Taysha’s commitment to connecting with patients and caregivers is evident. Their team is focused on not just developing drugs but creating a supportive community around their advancements in gene therapy. Patients and families affected by these severe conditions can seek knowledge and support as Taysha progresses with their therapies.

Frequently Asked Questions

What is the main focus of Taysha Gene Therapies?

Taysha Gene Therapies is primarily focused on developing gene therapies for severe monogenic diseases affecting the central nervous system.

What option did Taysha grant to the new employee?

The company granted one new employee an option to purchase 311,000 shares of common stock under their 2023 Inducement Plan.

What conditions apply to the stock option?

Vesting of the stock option is dependent on the employee's continued service and will occur over four years with specific scheduled milestones.

How does TSHA contribute to patient care?

Taysha aims to develop transformative medicines that effectively address critical unmet medical needs, thus improving patient outcomes.

Who can I contact for more information about Taysha?

For inquiries, you can contact Hayleigh Collins at hcollins@tayshagtx.com for corporate communications and investor relations matters.

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