Fulcrum Therapeutics Announces Stock Option Grants
Fulcrum Therapeutics Announces Stock Options Grant
Fulcrum Therapeutics, Inc. (Nasdaq: FULC), a clinical-stage biopharmaceutical company focused on developing small molecules aimed at enhancing the lives of patients suffering from genetically defined rare diseases, has made an announcement regarding stock option grants. This initiative is in accordance with Nasdaq Listing Rule 5635(c)(4) and follows the company's 2022 Inducement Stock Incentive Plan, as amended.
Details on Stock Options Granted
The company recently granted non-statutory stock options to two new employees as part of their orientation. One employee has been granted options to purchase 350,000 shares of the company’s common stock at an exercise price of $9.34 per share, which reflects the closing price on the grant's effective date. Furthermore, another new employee received 270,000 options at an exercise price of $8.43 per share. Each stock option is structured with a ten-year term, with vesting occurring over a four-year period—25% vesting on the first anniversary of the employee’s start date and an additional 6.25% vested in equal quarterly installments over the subsequent twelve quarters, contingent on the employee’s continued service.
About Fulcrum Therapeutics
Fulcrum Therapeutics is committed to the clinical development of innovative small molecules focused on addressing high unmet medical needs in rare diseases. Their lead clinical programs include losmapimod, aimed at treating facioscapulohumeral muscular dystrophy (FSHD), and pociredir, aimed at increasing fetal hemoglobin levels for the treatment of sickle cell disease (SCD). The company leverages proprietary technology that seeks to identify and target drug mechanisms that can modulate gene expression—effectively addressing the underlying causes of gene mis-expression.
The Commitment to Rare Diseases
Fulcrum’s dedicated approach in targeting rare diseases signifies its position within the biopharmaceutical sector. By focusing on diseases that lack effective treatment options, Fulcrum Therapeutics plays a crucial role in the biopharmaceutical industry, aiming to provide solutions to patients who otherwise have limited therapeutic options.
Company Contact Information
For further inquiries, Chris Calabrese from LifeSci Advisors, LLC can be contacted at ccalabrese@lifesciadvisors.com or by phone at 917-680-5608.
Frequently Asked Questions
What is the latest announcement by Fulcrum Therapeutics?
Fulcrum Therapeutics announced the granting of stock options to two new employees as part of their strategy linked to the Nasdaq Listing Rule 5635(c)(4).
How many stock options were granted?
One new employee received 350,000 options, while another was granted 270,000 options to purchase shares of the company’s common stock.
What is the exercise price of the granted stock options?
The exercise prices are set at $9.34 and $8.43 per share, corresponding to the closing prices on the respective grant effective dates.
What is the focus of Fulcrum Therapeutics?
Fulcrum Therapeutics is focused on developing therapeutics for genetically defined rare diseases, especially targeting those with high unmet medical needs.
Who can be contacted for more information about Fulcrum Therapeutics?
Inquiries can be directed to Chris Calabrese from LifeSci Advisors, LLC at ccalabrese@lifesciadvisors.com or via phone at 917-680-5608.
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