Ultragenyx Grants Stock Units to New Executives
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Ultragenyx Announces Stock Units for New Executives
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of innovative therapies for rare and ultrarare diseases, has recently reported a significant inducement grant. A total of 37,975 restricted stock units have been awarded to 12 newly hired non-executive officers at the company. This decision was approved by the compensation committee of the board of directors and is part of the Ultragenyx Employment Inducement Plan, adhering to Nasdaq Listing Rule 5635(c)(4).
Details of the Inducement Grant
The newly granted restricted stock units will vest over a four-year period. Specifically, 25% of the underlying shares will vest on each anniversary of the grant date, contingent upon the employee's continuous employment with Ultragenyx at those vesting dates. This structure is designed to incentivize retention among the new team members, promoting a stable workforce dedicated to the company's mission.
About Ultragenyx Pharmaceutical Inc.
Ultragenyx is committed to advancing biopharmaceutical innovations targeted at treating serious rare and ultrarare genetic diseases. The company has developed a robust portfolio of approved therapies and various product candidates specifically aimed at addressing significant medical needs where effective treatment options are often absent. By focusing on diseases with clear biological targets for treatment, Ultragenyx seeks to pave the way for new solutions in the healthcare landscape.
Dedicated Leadership in Rare Disease Therapeutics
The management team at Ultragenyx brings a wealth of experience in the field of rare disease therapeutics. Their strategic approach is anchored in the principles of efficient drug development, with an emphasis on delivering safe and effective therapies in a timely manner. The ultimate goal is to provide critical care to patients facing life-altering conditions.
Commitment to Patients and Innovation
Ultragenyx's strategy revolves around its dedication to patients and the urgent need for effective treatment alternatives for rare diseases. The company continuously explores innovative pathways to enhance therapy delivery, ensuring that advancements in medicine reach those who need them most. This commitment drives every aspect of their operations, from research and development to clinical trials.
Contact Information
For further inquiries about Ultragenyx and its initiatives, individuals can reach out to the following:
Investors & Media
Joshua Higa
(415) 475-6370
Frequently Asked Questions
What is the purpose of the restricted stock units granted by Ultragenyx?
The restricted stock units are intended to incentivize newly hired executive officers and promote retention within the company.
How does the vesting schedule for the stock units work?
The stock units vest over four years, with 25% becoming available on each anniversary of the grant date, provided the employee remains with the company.
What is Ultragenyx Pharmaceutical Inc. known for?
Ultragenyx is known for its focus on developing therapies for serious rare and ultrarare genetic diseases.
Who is part of the management team at Ultragenyx?
The management team includes experienced professionals specialized in rare disease therapeutics and innovative drug development.
What is the company’s mission regarding patient care?
Ultragenyx aims to provide safe and effective therapies for patients suffering from rare diseases, addressing high unmet medical needs.
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