Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
November 20 2024 - 3:30PM
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical
company focused on the development and commercialization of novel
therapies for rare and ultrarare diseases, today reported the grant
of 20,820 restricted stock units of the company’s common stock to
13 newly hired non-executive officers of the company. The awards
were approved by the compensation committee of the company’s board
of directors and granted under the Ultragenyx Employment Inducement
Plan, with a grant date of November 16, 2024, as an inducement
material to the new employees entering into employment with
Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).
The restricted stock units vest over four years, with 25% of the
underlying shares vesting on each anniversary of the grant date,
subject to the employee being continuously employed by the company
as of such vesting dates.
About Ultragenyx Pharmaceutical Inc.Ultragenyx
is a biopharmaceutical company committed to bringing novel products
to patients for the treatment of serious rare and ultrarare genetic
diseases. The company has built a diverse portfolio of approved
therapies and product candidates aimed at addressing diseases with
high unmet medical need and clear biology for treatment, for which
there are typically no approved therapies treating the underlying
disease.
The company is led by a management team experienced in the
development and commercialization of rare disease therapeutics.
Ultragenyx’s strategy is predicated upon time- and cost-efficient
drug development, with the goal of delivering safe and effective
therapies to patients with the utmost urgency.
For more information on Ultragenyx, please visit the company's
website at: www.ultragenyx.com.
Contact Ultragenyx Investors & MediaJoshua Higa(415)
475-6370
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