Myovant Sciences Announces New Employment Inducement Grants Under NYSE Rule 303A.08
19 October 2022 - 7:30AM
Myovant Sciences (NYSE: MYOV), a biopharmaceutical
company that aspires to redefine care for women and for men through
purpose-driven science, empowering medicines, and transformative
advocacy, today announced that it approved equity awards for 10 new
employees with a grant date of October 17, 2022 pursuant
to Myovant’s 2020 Inducement Plan. The equity awards were granted
to the employees joining Myovant in accordance with
NYSE’s Listed Company Manual Rule 303A.08.
The new employees received, in the aggregate, restricted stock
units (RSUs) to purchase 96,500 common shares of Myovant.
One-fourth of the shares underlying each employee’s RSU will vest
on the one-year anniversary of the grant date, with the balance of
the common shares vesting in twelve equal quarterly installments
thereafter, in each case, subject to each such employee’s continued
employment with Myovant on such vesting dates. The RSUs
are subject to the terms and conditions of the 2020 Inducement Plan
and the applicable RSU agreements.
ABOUT MYOVANT SCIENCESMyovant
Sciences aspires to redefine care for women and for men
through purpose-driven science, empowering medicines, and
transformative advocacy. Founded in 2016, Myovant has
executed five successful Phase 3 clinical trials across oncology
and women’s health leading to three regulatory approvals by
the U.S. Food and Drug Administration (FDA) for men with
advanced prostate cancer, women with heavy menstrual bleeding
associated with uterine fibroids, and premenopausal women with
moderate to severe pain associated with endometriosis,
respectively. Myovant also has received regulatory
approvals by the European Commission (EC) and
the United Kingdom Medicines and Healthcare Products
Regulatory Agency (MHRA) for women with symptomatic uterine
fibroids and for men with advanced hormone-sensitive prostate
cancer. Myovant has a supplemental New Drug Application under
review with the FDA for updates to the United States Prescribing
Information (USPI) based on safety and efficacy data from the Phase
3 LIBERTY randomized withdrawal study (RWS) of MYFEMBREE in
premenopausal women with heavy menstrual bleeding due to uterine
fibroids for up to two years. Myovant also is conducting
a Phase 3 study to evaluate the prevention of pregnancy in women
with uterine fibroids or endometriosis. In
addition, Myovant is developing MVT-602, an
investigational oligopeptide kisspeptin-1 receptor agonist, which
has completed a Phase 2a study for female infertility as part of
assisted reproduction. Sumitovant Biopharma, Ltd., a wholly
owned subsidiary of Sumitomo Pharma Co., Ltd., is Myovant’s
majority shareholder. For more information, please
visit www.myovant.com. Follow @Myovant on Twitter
and LinkedIn.
Myovant Sciences ContactsInvestor
Contact:Uneek MehraChief Financial and Business
OfficerMyovant Sciences, Inc.investors@myovant.com
Media Contact:Noelle Cloud DuganVice President,
Corporate CommunicationsMyovant Sciences, Inc.media@myovant.com
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