Taysha Gene Therapies Engages Talent with Stock Options
Taysha Gene Therapies Engages Talent with Stock Options
Taysha Gene Therapies, Inc. (NASDAQ: TSHA), a clinical-stage biotechnology company, recently made a significant move to enhance its workforce by granting stock options to a new employee. This initiative aligns with the company's strategic focus on advancing adeno-associated virus (AAV)-based gene therapies aimed at treating severe monogenic diseases affecting the central nervous system.
Details of the Stock Options Granted
On a recent date, Taysha's Compensation Committee awarded an option for 311,000 shares of common stock to the new team member. This decision was made in accordance with the Taysha Gene Therapies, Inc. 2023 Inducement Plan and complies with Nasdaq Listing Rule 5635(c)(4), allowing such grants as part of the hiring process.
Stock Option Specifications
The stock option comes with an exercise price of $2.06 for each share, matching the closing price of Taysha's stock on the day of the grant. These options will have a 10-year term, and they are structured to vest over four years. An initial 25% will become available after one year, with the remaining 75% vesting monthly over the following three years. Notably, continued employment at Taysha is a requirement for the options to vest.
About Taysha Gene Therapies
Taysha Gene Therapies (NASDAQ: TSHA) is committed to developing transformative medicines for patients suffering from severe neurological conditions. One of its flagship clinical programs is TSHA-102, aimed at treating Rett syndrome, a rare neurodevelopmental disorder. Currently, there are no approved therapies that address the underlying genetic causes of this condition, highlighting Taysha's critical role in filling this gap.
Focus on Transformative Healthcare
With a dedicated approach to gene therapy, Taysha leverages advanced manufacturing processes and a proven AAV9 capsid to swiftly transition research findings into effective treatments. The company is driven by the urgency of addressing significant unmet medical needs, striving to make a real difference in the lives of patients and their families.
Experienced Leadership Team
Taysha Gene Therapies boasts a management team with extensive experience in the field of gene therapy. This expertise is vital as the company navigates the complexities of drug development and commercialization strategies. Taysha is determined to push the boundaries of what's possible in the biomedical field, aiming for breakthroughs that can enhance therapeutic options for many.
Continual Innovation in Gene Therapy
The company maintains a strong focus on innovation, investing in research that paves the way for future therapies. By surrounding itself with talent capable of driving advancements, Taysha positions itself at the forefront of gene therapy development.
Contact Information
If you need further information about Taysha Gene Therapies, please reach out to Hayleigh Collins, the Director and Head of Corporate Communications and Investor Relations at Taysha. You can contact her via email at hcollins@tayshagtx.com.
Frequently Asked Questions
What is Taysha Gene Therapies focused on?
Taysha Gene Therapies is dedicated to developing AAV-based gene therapies for severe monogenic diseases, particularly those affecting the central nervous system.
What was the recent stock option grant about?
The company granted stock options to a new employee as part of its induction process, allowing them to purchase 311,000 shares at $2.06 each.
How does the stock option vesting work?
The stock options vest over four years, with 25% vesting after the first year and the remaining 75% vesting monthly over the following three years, contingent on continued employment.
What is TSHA-102?
TSHA-102 is Taysha's lead program under development to treat Rett syndrome, a rare neurodevelopmental disorder with no existing disease-modifying therapies.
Who's the contact for investor inquiries?
Hayleigh Collins is the Director of Corporate Communications and Investor Relations at Taysha and can be contacted at hcollins@tayshagtx.com.
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