89bio Grants Stock Options to New Employees as Incentive
89bio's Strategic Inducement Grants
89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company, has made a significant move to enhance its workforce by approving the grant of non-qualified stock options to new employees. This initiative demonstrates 89bio's commitment to attracting top talent to support its mission of developing groundbreaking therapies for liver and cardiometabolic diseases.
Details of the Inducement Grants
The Compensation Committee of 89bio’s Board of Directors sanctioned the issuance of 32,350 shares of common stock as inducement grants to two recent hires. This decision was made on July 2, 2025, aligning with Nasdaq Listing Rule 5635(c)(4), aiming to create compelling employment opportunities within the company.
These inducement grants are tailored to enhance the attractiveness of employment with 89bio. The exercise price per share matches the stock's closing price on the grant date, making it an appealing offer. The vesting schedule is structured over four years: 25% of the shares will vest after one year, and the remainder will vest quarterly over the ensuing three years, contingent upon continued employment.
About 89bio and Its Mission
Founded with the vision of addressing critical healthcare needs, 89bio is diligently working towards the development of innovative therapies. The company primarily focuses on treatments for liver-related conditions and cardiometabolic disorders for which conventional options may fall short.
Pegozafermin: A Potential Game-Changer
A key player in the company’s portfolio is pegozafermin, which is currently progressing through Phase 3 clinical trials targeting metabolic dysfunction-associated steatohepatitis (MASH) and severe hypertriglyceridemia (SHTG). This product is notable for its uniquely engineered formulation as a fibroblast growth factor 21 (FGF21) analog, utilizing advanced glycoPEGylated technology that enhances its biological efficacy through a prolonged half-life.
89bio’s headquarters are located in San Francisco, a hub for biotechnology innovation, further strengthening its commitment to pioneering new solutions in healthcare.
Staying Connected with 89bio
The company encourages stakeholders and interested parties to stay informed about its developments. For more detailed insights about their pioneering work and upcoming initiatives, we suggest visiting www.89bio.com and following their journey on LinkedIn.
Contact Information for Inquiries
For investors seeking more information, you can reach out to Annie Chang at 89bio, Inc. via email at investors@89bio.com.
For media inquiries, please connect with Sheryl Seapy at Real Chemistry, email: sseapy@realchemistry.com.
Frequently Asked Questions
What are the inducement grants announced by 89bio?
The inducement grants are stock options awarded to two new employees as an incentive to join the company, approved by the Board of Directors.
How many shares were granted as part of the inducement?
A total of 32,350 shares of common stock were granted under the inducement plan.
What is the vesting schedule for these stock options?
The stock options vest over four years, with 25% vesting on the one-year anniversary of the start date, subsequently vesting quarterly thereafter.
What is the significance of pegozafermin?
Pegozafermin is a lead drug candidate for 89bio, targeting liver diseases and is in Phase 3 clinical trials, posing potential advantages in treatment efficacy.
How can I learn more about 89bio?
For further details on the company’s developments and initiatives, you can visit their official website at www.89bio.com.
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