Taysha Gene Therapies Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
04 January 2025 - 12:00AM
Taysha Gene Therapies, Inc. (Nasdaq: TSHA) (Taysha or the Company),
a clinical-stage biotechnology company focused on advancing
adeno-associated virus (AAV)-based gene therapies for severe
monogenic diseases of the central nervous system (CNS), today
announced that, on January 2, 2025, the Compensation Committee of
Taysha's Board of Directors granted one new employee an option to
purchase 311,000 shares of the Company's common stock in connection
with their employment. The stock option was granted under the
Taysha Gene Therapies, Inc. 2023 Inducement Plan as an inducement
material to the individual entering employment with Taysha in
accordance with Nasdaq Listing Rule 5635(c)(4).
The stock option has an exercise price of $1.85
which is equal to the closing price of Taysha's common stock on the
date of grant. The stock option has a 10-year term and will vest
over four years, with 25% of the option vesting on the first
anniversary of the vesting commencement date and the remaining 75%
of the option vesting in equal monthly installments over the 36
months thereafter. Vesting of the stock option is subject to such
employee's continued service to Taysha on each vesting date.
About Taysha Gene TherapiesTaysha
Gene Therapies (Nasdaq: TSHA) is a clinical-stage biotechnology
company focused on advancing adeno-associated virus (AAV)-based
gene therapies for severe monogenic diseases of the central nervous
system. Its lead clinical program TSHA-102 is in development for
Rett syndrome, a rare neurodevelopmental disorder with no approved
disease-modifying therapies that address the genetic root cause of
the disease. With a singular focus on developing transformative
medicines, Taysha aims to address severe unmet medical needs and
dramatically improve the lives of patients and their caregivers.
The Company’s management team has proven experience in gene therapy
development and commercialization. Taysha leverages this
experience, its manufacturing process and a clinically and
commercially proven AAV9 capsid in an effort to rapidly translate
treatments from bench to bedside. For more information, please
visit http://www.tayshagtx.com.
Company Contact:Hayleigh Collins
Director, Head of Corporate Communications and Investor
RelationsTaysha Gene Therapies, Inc.hcollins@tayshagtx.com
Media Contact:Carolyn HawleyInizio
EvokeCarolyn.hawley@inizioevoke.com
Taysha Gene Therapies (NASDAQ:TSHA)
Historical Stock Chart
From Dec 2024 to Jan 2025
Taysha Gene Therapies (NASDAQ:TSHA)
Historical Stock Chart
From Jan 2024 to Jan 2025